Insphere Insurance Solutions Strengthens Management Team [Professional Services Close – Up]

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

The company reported that it has added R. Scott Donovan as Executive Vice President, Chief Financial Officer, Michael Burson as Senior Vice President, Sales and appointed Mark H. Smith as Executive Vice President, Chief Agency Officer and Steven J. Hatem as Senior Vice President, Sales.

"I am extremely pleased to announce these changes to Insphere's senior management team," said Kenneth J. Fasola, President and Chief Executive Officer 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 Executive Vice President, 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 Executive Vice President, Chief Financial Officer 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."

Prior to joining Insphere, Donovan served as Executive Vice President of Odyssey Reinsurance Corp. and Executive Vice President and Chief Financial Officer of Odyssey Re Holdings Corp.

"Also new to Insphere is Mike Burson who will serve as Senior Vice President 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 Senior Vice President of Sales," said Fasola. "In their new roles, Mike and Steve will partner with Chris Mason, Senior Vice President, 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."

Insphere Insurance Solutions is a distribution company that specializes in meeting the life, health, long-term care and retirement insurance needs of small businesses and middle-income individuals (including the senior market) and families through its portfolio of highly rated products offered by recognized national and regional insurance carriers.

More information:

www.insphereis.com

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