Sompo appoints head of North America Reinsurance

Bermuda-based Sompo International has appointed Margaret Hyland (pictured) as president of North America Reinsurance.

She replaces Steven Hanke who has taken a new position at a “leading brokerage firm” following almost 10 years at the global specialty re/insurer. Based in New York, Hyland will report to Christopher Donelan, chief executive officer of global reinsurance at Sompo International Holdings.

Hyland has held leadership positions with various companies including Allied World, CNA, Axis Capital and Willis Re. She previously served as executive vice president, head of North American professional liability reinsurance at Sompo International.

“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,” said Donelan. “We are grateful for his contributions to our success and look forward to having the opportunity to work with him again in the future.”

Donelan added: “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.”