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Wed. 25 May 2022, 8:43am ET Benzinga Press Releases

JERSEY CITY, N.J., May 25, 2022 (GLOBE NEWSWIRE) -- Verisk (NASDAQ:VRSK), a leading global data analytics provider, today announced the appointment of Lee M. Shavel to CEO and Mark V. Anquillare to President following the company's annual shareholder meeting. Shavel was also elected to the Verisk Board of Directors. At this time, three new independent directors, nominated by the company, were elected to the company's Board of Directors: Jeffrey Dailey, Wendy Lane and Kimberly S. Stevenson.

"Verisk has a profound opportunity to help the insurance industry evolve in a new digital environment, integrate and activate rapidly growing data sets and achieve new levels of efficiency. With our industry knowledge, technical expertise and established client relationships, we are uniquely positioned to address their needs as an essential technology partner," Shavel said. "I'm humbled to assume the role of Verisk CEO, and I will be focused on value creation for our customers, colleagues and shareholders. This is a great responsibility and one I truly cherish."

Most recently, Shavel served as CFO and group president for Verisk. Anquillare served as COO and group president. Shavel and Anquillare have been architects and drivers of Verisk's growth, increased efficiency and an innovation agenda that has helped the insurance industry successfully turn data into actionable insights and accelerate its digital transformation.

"With a sharpened focus on serving the insurance industry, we've optimized our path toward continued growth and enhanced value creation," Anquillare said. "At such a pivotal moment for the industry, Verisk is poised to empower new opportunities for our customers and colleagues around the globe."

Shavel's replacement as CFO will be named at a later date.

Biographies for Lee M. Shavel, Mark V. Anquillare, Jeffrey Dailey, Wendy Lane and Kimberly S. Stevenson can be found here.

About Verisk

Verisk (NASDAQ:VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global issues, including climate change and extreme events as well as political and ESG topics. With offices in more than 30 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.

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