Sompo Worldwide selects new president of North America Reinsurance

Sompo Worldwide has introduced the appointment of Margaret Hyland as president of North America Reinsurance.

Hyland assumes her new position after serving as govt vice chairman and head of North American skilled legal responsibility reinsurance at Sompo Worldwide. She is going to report back to Christopher Donelan, CEO of World Reinsurance.

Donelan praised Hyland’s management expertise and intensive relationships within the (re)insurance coverage trade, stating that her popularity and experience make her the perfect candidate to steer the North American reinsurance portfolio.

“Our means to draw and develop the depth of expertise on our group is considered one of our best strengths and we’re assured Maggie has the popularity and experience wanted to take our enterprise ahead,” he stated.

Sompo Worldwide’s new president of North America Reinsurance

Hyland joined Sompo Worldwide greater than three years in the past. She has over 30 years of expertise within the North American (re)insurance coverage trade, having held management positions with organizations similar to Allied World, CNA, Axis Capital, and Willis Re.

Based mostly in Backyard Metropolis, New York, Hyland holds a Grasp’s in Enterprise Administration from the Gabelli College of Enterprise at Fordham College and a Bachelor of Arts in Literature and Speech from St. John’s College.

Based on a press launch, Hyland’s appointment follows the departure of Steven Hanke, who has accepted a place at a number one brokerage agency after almost ten years with Sompo Worldwide Reinsurance.

In his assertion, Donelan additionally commented on Hanke’s departure, thanking him for “serving to us construct the North America Reinsurance portfolio to the place we’re at this time.”

“We’re grateful for his contributions to our success and sit up for having the chance to work with him once more sooner or later,” he stated additional.

What are your ideas on this story? Be happy to remark beneath.