Hanover Stone Partners has appointed Laureen Coyne and Pam Davis as co-leaders of its new national public entity practice.
Coyne has more than 25 years of risk management leadership experience, focusing on the public sector. She served as president of First Mutual Transportation Assurance Company, which was both the first public entity captive and first captive in New York state.
Davis was executive assistant general counsel at the New York City transit authority for nearly four years. Among other responsibilities in that position, she revamped the authority’s workers’ compensation division, achieving reductions in reserves.
For six years, Davis served as managing attorney in the inspector general’s office for the New York state workers’ compensation board.
Based in New York, Coyne and Davis will be supported by the company’s network of more than 50 senior risk advisors, many of whom have extensive experience in the public sector, and 30 partner firms.
John Kelly, founder and CEO, Hanover Stone Partners, said: “Across the country, public entity risk managers face daunting challenges associated with managing a wider array of increasingly complex risks with unabating pressures on costs and internal resources.”
He added: “Laureen Coyne and Pam Davis bring extensive experience managing complex public sector exposures and achieving measurable results. I’m pleased to welcome them as co-leaders of the new practice and look forward to their contributions to our growing number of public entity clients and our firm.”