Sompo International appoints new head of North America reinsurance

Sompo International, which provides commercial and consumer property and casualty (re)insurance, has promoted Margaret Hyland to be the president of North America Reinsurance.

Hyland reports to Christopher Donelan, chief executive, global reinsurance, Sompo International Holdings, and is based in Garden City, New York.

“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,” said Donelan. “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.”

Hyland takes over from Steven Hanke who, after almost 10 years with Sompo International Reinsurance, has accepted a position with a leading brokerage firm.

Donelan added, “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.”

Hyland previously served as executive vice president, head of North American professional liability reinsurance at Sompo International. With over 30 years of experience in the North American (re)insurance industry, she has held leadership positions with various companies including Allied World, CNA, Axis Capital and Willis Re.