Verisk (Nasdaq: VRSK) has appointed Greg Hendrick as an independent director of the company's Board of Directors, effective immediately. Hendrick, who brings over three decades of extensive insurance and reinsurance leadership experience, is currently the CEO of Vantage Group, a provider of specialty insurance, reinsurance, and insurance-linked securities products. Prior to this role, he served as CEO of AXA XL, the P&C and specialty risk division of AXA, and held various leadership positions at XL Group companies for 25 years. Hendrick began his career at AIG and holds a Bachelor of Science in Mathematics from St. John’s University.
Verisk president and CEO Lee Shavel expressed excitement about Hendrick's appointment, citing his deep understanding of the insurance industry and its changing market dynamics. Verisk Board of Directors Chair Bruce Hansen also welcomed Hendrick, emphasizing the addition of talent and diverse perspectives to the Board.
Verisk, a leading strategic data analytics and technology partner to the global insurance industry, aims to empower clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global risks, including climate change, extreme events, ESG, and political issues. The company operates across more than 20 countries and consistently earns certification by Great Place to Work.
Verisk's commitment to delivering long-term shareholder value is underscored by the addition of Greg Hendrick to its Board of Directors, as his profound industry and leadership experience is expected to accelerate the Board's contributions to the company's strategy. This move aligns with the company's mission to foster an inclusive culture and build global resilience for individuals, communities, and businesses.
As a result of these announcements, the company's shares have moved -0.3% on the market, and are now trading at a price of $232.06. For more information, read the company's full 8-K submission here.
