Verisk Analytics News

People Moves

Swiss Re Corporate Solutions Appoints Gonzalez as CEO North America Swiss Re Corporate Solutions announced the appointment of Ivan Gonzalez as CEO North America. He moves from his current position as CEO Latin America and assume the new role on …

Business Moves

Verisk Analytics, Inc., Acquires Risk Intelligence Ireland Verisk Analytics, Inc. announced the acquisition of Risk Intelligence Ireland, a provider of fraud detection, compliance, risk control and process automation services to the Irish insurance industry. Following completion of the transaction, Risk …

P/C Insurer Profitability Up, Combined Ratio Down in First Nine Months of 2015

Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus …

Product News

Hiscox Expands Terrorism Coverage Hiscox, an international specialist insurer, announced that they have enhanced their stand-alone Terrorism portfolio adding new products covering property damage due to malicious attacks utilizing nuclear, chemical, biological and radiological (NCBR) devices. Hiscox NCBR policies offer …

Personal Lines Carriers’ Catastrophe Planning Sound, but Room for Improvement Noted

Insurers can’t predict when catastrophes occur, but they can refine management plans to be better prepared for the next event, according to the Property Claim Services Personal Lines Planning and Response Report, a new benchmarking study published recently. The report …

Verisk Replacing Joy Global in S&P 500 Index Next Week

Verisk Analytics Inc., the provider of data to insurers and banks, was named to join the Standard & Poor’s 500 Index after the company’s market value passed $12 billion on a share rally and expansion through acquisitions. Verisk will replace …

Catastrophe Losses Total $8.1B Year to Date

Seventeen second-quarter catastrophe events in North America led to $5.3 billion in insured losses, according to Property Claim Services, a Verisk Analytics business. First-half catastrophe losses came to $8.1 billion from 26 events. PCS has published its full North American …

FTC Review Delays Verisk’s $650M EagleView Deal

Verisk Analytics Inc., the supplier of data to insurers and banks, said its planned $650 million takeover of EagleView Technology Corp. has been delayed amid a review by antitrust regulators. The purchase agreement has been extended to Dec. 31, after …

ISO Joins FLASH to Promote Stronger Building Codes

ISO has joined the national nonprofit Federal Alliance for Safe Homes (FLASH) to encourage communities to build disaster-resistant buildings that can withstand hurricanes, tornadoes, earthquakes, and other catastrophic events. ISO is a member of the Verisk Insurance Solutions group at …

6M Fire Hydrants Below Par According to ISO Records

The six millionth fire hydrant in the country has been identified and recorded by ISO, which maintains the only national fire hydrant database in the United States. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. …