Verisk Names Tim Rayner President of Specialty Business Solutions

Rhea-AI Summary

Verisk (Nasdaq: VRSK) has appointed Tim Rayner as the president of its Specialty Business Solutions group, effective immediately. Rayner, a 20-year veteran in the insurance industry, previously served as Chief Experience Officer and led the integration of the recently acquired Whitespace and Ignite businesses. Verisk is recognized as a top trusted brand in the London insurance technology market. The Specialty Business Solutions group aims to improve efficiency in distribution workflows through its Sequel Hub initiative, which standardizes messaging across the market.

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• Tim Rayner appointed president of Specialty Business Solutions, bringing significant industry experience.
• Verisk Specialty Business Solutions recognized as a leading trusted brand in the London insurance tech market.
• Recent strategic acquisitions (Whitespace and Ignite) enhance market capabilities and position.
• Sequel Hub initiative aims to improve distribution workflow efficiency in the insurance sector.

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LONDON, July 01, 2022 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced that Tim Rayner has been named president of the company’s Specialty Business Solutions group (formerly known as Sequel), effective immediately.

An insurance industry veteran of more than 20 years, Rayner most recently served as Chief Experience Officer for Verisk Specialty Business Solutions. He played an active role in the acquisition and integration of the Whitespace and Ignite businesses. He joined Verisk in February 2018, after holding several leadership roles of increasing responsibility at Miller Insurance Services.

“Those of us who work closely with Tim have been impressed by his customer focus, leadership acumen and his vision for the future of insurance. Verisk Specialty Business Solutions occupies a coveted position in the marketplace, and Tim is the right leader to accelerate the business’ momentum,” said Mark Anquillare, president and COO, Verisk.

Verisk and Specialty Business Solutions are the number one and two most trusted brands in the London insurance technology market, according to the Independent Gracechurch Technology Monitor Report 2022. In addition to organically growing its innovative solutions, Verisk has also made strategic acquisitions to support the Specialty Business Solutions strategy including Whitespace and Ignite, which enhanced the company’s capabilities and position in the market. Verisk Specialty Business Solutions collaborates with customers to develop data and application programming interface (API) standards for the London Market. Its most recent initiative, Sequel Hub, standardises messaging and automatically interprets, translates and routes messages between brokers, carriers, delegated authorities and market systems, bringing incredible efficiency to distribution workflows.

“I’m incredibly excited and humbled to take on this role,” Rayner said. “No other company has the technology, unique data sets, insights and deep domain expertise that Verisk offers, and I am thrilled to bring those resources to bear for our customer by building an automated and integrated ecosystem that improves the efficiency and productivity of the entire insurance value chain.”

Rayner’s bio 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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FAQ

Who is the new president of Verisk's Specialty Business Solutions group?

Tim Rayner has been appointed as president of Verisk's Specialty Business Solutions group.

What recent acquisitions did Verisk make to enhance their business solutions?

Verisk recently acquired Whitespace and Ignite to strengthen its Specialty Business Solutions.

What is the Sequel Hub initiative by Verisk?

The Sequel Hub initiative standardizes messaging and enhances efficiency in the insurance distribution workflows.

When was Tim Rayner appointed president of Verisk's Specialty Business Solutions?

Tim Rayner was appointed president effective immediately on July 1, 2022.

How is Verisk positioned in the London insurance technology market?

Verisk is recognized as one of the top two most trusted brands in the London insurance technology market according to the Independent Gracechurch Technology Monitor Report 2022.