NEW YORK, January 25, 2013 – Hanover Stone Partners, a risk management services firm with expertise in a broad range of critical risk disciplines, today announced it has appointed Ty Sagalow as a senior risk advisor and established a New Product Development Practice.

Mr. Sagalow, a 30-year insurance industry veteran and President of Innovation Insurance Group, LLC, will head the new Practice. “I am very excited about the partnership between Innovation Insurance Group and Hanover Stone Partner,” said Mr. Sagalow. “The new practice group will have two focuses: First, create new risk solutions using the combined efforts of all the Hanover Stone Partner associates and partner firms. Second, offer to our clients a new product development team coordinating the vast skills of our associates and partner firms to offer a seamless, coordinated skill set in areas of legal drafting, underwriting, actuarial, marketing and more.”

John J. Kelly, founder and managing partner of Hanover Stone Partners: “Ty is a dynamic leader who will bring world class creativity and problem solving capabilities to Hanover Stone Partners and our clients. Time and again, his commitment to excellence and passion for getting things done has led to breakthrough risk solutions with widespread benefits. We’re delighted to have him on our team.”