Brokerage and consulting firm NFP has hired Willis Towers Watson’s Tracy Stopford and Covey’s Kara Tencellent for its captive practice.

The pair have both been hired as managing directors in the P&C speciality team and will co-lead the Risk & Insurance Strategy Collective (RISC) under NFP’s captive and alternative risk practice.

They both have more than 20 years experience in the captive insurance.

Stopford was previously senior vice president and COO for North America and India in Willis’ global captive practice, as well as leading the organisation’s Hong Kong office.

Tencellan moved to NFP from Coverys, where she was the director of its alternative risk solutions practice, and previously was vice president of Willis’ global captive practice.

Together they will lead all operational and business development aspects of RISC.

Stopford will focus on “captive consulting and management solutions grounded in innovative technology and analytics,” while Tencellant will lead NFP’s expansion of “domestic and international tech-forward capabilities and solutions” the firm stated.

Both will report to Henry Lombardi, executive vice president and head of P&C at NFP.

“Specialised expertise across industry, product and program remains a major focus for NFP, and this includes adding talented industry leaders like Tracy and Kara,” Lombardi said.

“We’re excited for them to join NFP, lead the Risk & Insurance Strategy Collective and be key contributors to our overall growth.”

Doug Turk, regional managing director of NFP’s west region said that he was “thrilled” to welcome Stopford and Tencellant.

“We are thrilled to welcome Tracy and Kara to the team and expand our captive and alternative risk expertise and capabilities,” he said.

“Their specialised experience, market knowledge and global relationships will be critical to delivering more value to our clients, growing our captive and alternative risk collective, and developing creative and innovative alternative risk solutions.”