Insphere Insurance Solutions Strengthens Its Management Team [Health & Beauty Close – Up]

Insphere Insurance Solutions, Inc. said that it has made changes to its senior management team.

In a release, the Company said that it has added R. Scott Donovan as EVP, CFO, Michael Burson as SVP, Sales and appointed Mark H. Smith as EVP, Chief Agency Officer and Steven J. Hatem as SVP, Sales.

Insphere Insurance Solutions is a distribution company focused on meeting the insurance needs of individuals (including the senior market), families and small businesses. The Insphere portfolio includes highly rated life, health, senior, long-term care and retirement insurance products from recognized carriers.

"I am extremely pleased to announce these changes to Insphere's senior management team," said Kenneth J. Fasola, President and CEO of Insphere Insurance Solutions. Each of these individuals are well respected, insurance-industry veterans who will play important roles for the company as we focus on expanding our field force and gaining additional market share through the development of new distribution channels under the Insphere Insurance Solutions brand."

"Mark Smith has been given an expanded role with Insphere and now serves as EVP, Chief Agency Officer. Mark directs sales as well as all aspects of Insphere's business strategy," said Fasola.

"Scott Donovan is new to the management team and will serve as EVP, CFO for Insphere," said Fasola. "Scott is a talented leader with more than 30 years of industry and finance experience. He understands this business, our direction and will help us take advantage of potential opportunities to accelerate growth at Insphere."

The company noted that prior to joining Insphere, Donovan served as EVP of Odyssey Reinsurance Corp. and EVP and CFO of Odyssey Re Holdings Corp.

"Also new to Insphere is Mike Burson who will serve as SVP of Sales. Mike spent more than 30 years with New York Life Insurance Company and has extensive experience recruiting and developing talent in a field agency environment," said Fasola. "Mike is a natural fit in our organization and we will leverage his deep understanding of the agency business model in an effort to expand the distribution capacity at Insphere."

"We have also expanded the responsibilities of Steve Hatem, who has been a highly respected leader in our field hierarchy for many years. Steve will now serve on the management team as SVP of Sales," said Fasola. "In their new roles, Mike and Steve will partner with Chris Mason, SVP, Life Sales and Agency Distribution who directs the sales strategy for life insurance as well as managing Insphere's field offices in the Pacific Northwest. This team will direct the implementation of programs aimed at driving net manpower growth and increasing agent productivity in all lines of business."

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