Kensington Vanguard National Land Services Hires Industry Veterans Steve LaForgia and James Cosolito as Senior Executive Vice Presidents

Rhea-AI Summary

Kensington Vanguard National Land Services has announced the hiring of industry veterans Steve LaForgia and James Cosolito as senior executive vice presidents, bringing nearly 40 years of combined experience to the company. Their return to KV is seen as a significant move to enhance the Business Development team, aiming to improve client services.

LaForgia emphasized the opportunity for business expansion, while Cosolito described the move as a homecoming, highlighting KV’s impressive growth trajectory since their departure. In 2022, KV was acquired by Truist Financial Corporation (TFC), indicating a robust consolidation strategy in the title insurance sector.

Positive

• Hiring of experienced executives Steve LaForgia and James Cosolito enhances leadership.
• Strengthened Business Development team may lead to improved client service and business expansion.
• KV's acquisition by Truist Financial Corporation strengthens market position and financial capability.

Negative

• Concerns about continuity and potential experience gaps given the executives' return after an extended absence.

NEW YORK, Feb. 7, 2023 /PRNewswire/ -- Kensington Vanguard National Land Services ("KV"), one of the largest independent, full-service national title insurance agencies in the country, has hired Steve LaForgia and James Cosolito, two highly experienced title insurance executives whose combined industry experience spans almost 40 years.

"Steve and Jimmy worked here early in their careers and have since become institutional brand names in the space. We're thrilled to have them rejoin KV after all this time," said Jarett Fein, Co-Chief Executive of KV. "They know this industry as well as anyone and they'll be a strong complement to our thriving Business Development team.  We look forward to all they have to offer."

"We made the move to KV at this point in our careers because we were looking for an opportunity where we could expand our business and provide our clients with the best possible customer experience," Steve Laforgia said. "We've known Jarett and the KV team for years and it was the only other platform we ever considered, so when everything aligned, we were ready to move."

"It felt like a bit of a homecoming, and we knew the time was right," James Cosolito added. "We've watched KV's incredible trajectory since we left, and they've built a massive business while continuing to put client servicing above all else."

LaForgia and Cosolito started their careers at First American Title Insurance Company before joining KV. After a few years at KV they left to work at the start up First Nationwide Title Agency which was later acquired by Amtrust Title Insurance Company.

About Kensington Vanguard National Land Services

Kensington Vanguard National Land Services, headquartered in New York City, has offices in AL, AZ, DC Metro, FL, GA, KY, NJ, NY, NC, PA, TN, TX, VA.  It is one of the largest full-service national title insurance and settlement agencies in the U.S. Founded in 2002, Kensington Vanguard provides commercial and residential title insurance, settlement, escrow and 1031 exchange services. After a strategic investment by $50Bn private equity firm Stone Point Capital in 2016, Kensington Vanguard has continued to be a consolidator driven by industry leadership and financial strength.  In March of 2022, KV was acquired by Truist Insurance Holdings, the sixth largest insurance broker in the U.S. and a subsidiary of Truist Financial Corporation (NYSE: TFC).  To learn more about Kensington Vanguard, please visit www.kvnational.com.

CONTACT: Joseph Losos, jlosos@kvnational.com

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SOURCE Kensington Vanguard National Land Services

FAQ

Who are the newly hired executives at Kensington Vanguard?

Steve LaForgia and James Cosolito have joined Kensington Vanguard as senior executive vice presidents.

What is the experience level of the new hires at Kensington Vanguard?

LaForgia and Cosolito bring nearly 40 years of combined experience in the title insurance industry.

What is the significance of LaForgia and Cosolito's return to Kensington Vanguard?

Their return is expected to enhance the Business Development team and improve client service at KV.

How does the acquisition by Truist Financial Corporation relate to Kensington Vanguard?

Kensington Vanguard was acquired by Truist Financial Corporation in March 2022, strengthening its market position.

What are the future prospects for Kensington Vanguard after these executive hires?

The new hires may drive business growth and enhance client services, positioning KV for continued success.