P&C re/insurer Sompo International has promoted Margaret Hyland to President of North America Reinsurance, succeeding Steven Hanke, who is departing the firm after almost a decade of service.
Hyland has over 30 years of experience in the North American (re)insurance industry, having held leadership positions with various companies including Allied World, CNA, Axis Capital and Willis Re.
She most recently operated as Executive Vice President, Head of North American Professional Liability Reinsurance at Sompo International.
Hyland will report to Christopher Donelan, Chief Executive Officer, Global Reinsurance, Sompo International Holdings Ltd., and is based in Garden City, New York.
Donelan commented, “We are excited to see Maggie step into her new role given her wealth of leadership experience and strong relationships within the (re)insurance industry.
“Our ability to attract and develop the depth of talent on our team is one of our greatest strengths and we are confident Maggie has the reputation and expertise needed to take our business forward.”
He continued, “It has been a great pleasure working with Steve over the past decade. He has been instrumental in helping us build the North America Reinsurance portfolio to where we are today.
“We are grateful for his contributions to our success and look forward to having the opportunity to work with him again in the future.”
