Hanover Stone hires two specialists for real estate and financial products

Risk management firm Hanover Stone Partners has appointed Ted Dann and Paul Petrylak as national practice leaders and senior risk advisors to expand firm’s capabilities in the real estate sector and financial products advisory services.

Dann will be based in Raleigh and Petrylak in New York.

Dann has 20 years of experience in the real estate industry, having worked for property management firm Jones Lang LaSalle (JLL) in Chicago as a risk management consultant.

Prior to JLL, he worked for AMX International in Raleigh as a principal consultant, and for 12 years with Highwood Properties as senior regional controller and later director of risk management.

Petrylak joins Hanover Stone with 20 years of experience in risk management, insurance and reinsurance. He is credited for developing diverse risk management strategies at CIT Insurance Services, where he served as president of global insurance services.

Prior to this, Petrylak served as president and CEO of Chase Insurance Group, an affiliate of JPMorgan Chase, and was the president and chairman of the American Bankers Insurance Association from 2009 to 2012.

“Ted and Paul are recognised leaders with proven expertise in real estate and financial products, respectively, who have brought innovative and meaningful solutions to manage complex risks and drive success. We’re pleased to welcome them to our team and look forward to our work together on behalf of our clients,” said John Kelly, founder and CEO of Hanover Stone Partners.

“The US real estate sector faces unique exposures that demand specialised risk management expertise. Meanwhile, despite the prolonged soft commercial insurance market, businesses in all sectors continue to look for innovative solutions to address liabilities, and protect and strengthen their balance sheet.”