Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, has announced the departure of Steve Hanke, its president for reinsurance in North America, after nearly a decade of service, and the promotion of Margaret Hyland to President of North America Reinsurance.
Margaret will be based in Garden City, New York, and will report to Christopher Donelan, Chief Executive Officer, Global Reinsurance, Sompo International Holdings Ltd.
Margaret has more than 30 years of experience in the North American (re)insurance market, having held positions of leadership with organizations such as Allied World, CNA, Axis Capital, and Willis Re.
She most recently served as Sompo International’s Executive Vice President and Head of North American Professional Liability Reinsurance.
“We are excited to see Maggie take on this new role given her wealth of leadership experience and strong relationships within the (re)insurance industry,” Donelan said.
“One of our greatest strengths is our ability to attract and develop the depth of talent on our team, and we are confident Maggie has the reputation and expertise required to take our business forward. ” He added
“It has been a great pleasure working with Steve over the last decade,” he concluded. He has been critical in assisting us in growing the North America Reinsurance portfolio to where it is today.
“We are thankful for his contributions to our success and look forward to working with him again in the future.”