Verisk Announces Leadership Changes to Support Long-Term Growth Strategy

Verisk characterizes the appointments as reinforcing its commitment to building cohesive leadership teams that accelerate long-term growth.

(Mark Anquillare, COO, Verisk. Source: Verisk.)

Verisk (Jersey City, N.J.), a global provider of data analytics to the insurance industry, has announced leadership changes and expanded responsibilities for members of its executive management team. Verisk characterizes the appointments as reinforcing its commitment to building cohesive leadership teams that accelerate long-term growth.

Kathy Card Beckles has joined Verisk from Chase Consumer Bank, where she served as general counsel for one of the world’s largest consumer banks. Effective April 5, Kathy will join Verisk as executive vice president, general counsel and corporate secretary.

Kathy Card Beckles, EVP, General Counsel and Corporate Secretary, Verisk.

“We’re thrilled to have Kathy join our already deep and talented Verisk executive management team to lead our world-class legal function,” comments Scott Stephenson, president, chairman and CEO, Verisk. “Kathy brings extensive experience in intellectual property and technology and significant expertise partnering with and advising boards of directors and management teams. I look forward to Kathy formally joining Verisk and working with her to advance our long-term strategy.”

“Verisk has a distinguished reputation for leveraging data in ways that have a transformative impact on a diverse set of industries,” comments Card Beckles. “The company’s commitment to an inclusive and innovative culture has been a driving force and I’m ready to join the team in accelerating its values-driven approach to achieving business goals.”

Card Beckles, 46, will replace Kenneth Thompson, who announced his retirement late last year.  To ensure a smooth transition, Thompson will continue with the company as executive counsel, Verisk says.

“Ken has been an integral part of our success and a valued partner and friend to many of us at Verisk. We’re grateful to have his continued counsel through the transition, and we wish him health and happiness in the next chapter of his life,” comments Stephenson.

Mark Anquillare, 55, who currently serves as Verisk’s chief operating officer, will add oversight of the company’s Enterprise Risk Management function to his current responsibilities of leading the company’s insurance and government-facing businesses as well as customer experience. Verisk says this move more closely ties the company’s enterprise risk assessment and management with the business’s core operations.

“Our business and industry have changed significantly in my almost three decades with Verisk,” comments Anquillare. “I am proud of the customer focus, innovation and operational excellence that we have achieved while responding to ever-changing market conditions. I have been incredibly fortunate to work with great leaders and talented teams.”

Lee Shavel, COO, Verisk.

Lee Shavel, 53, who currently serves as Verisk’s chief financial officer, will add oversight responsibility for the operations of the company’s energy, specialized markets and financial services segments. Verisk says this strengthens the link between the company’s capital allocation discipline and business unit operations.

“Having worked closely with the leaders of our energy, specialized markets and financial services businesses as CFO,” Shavel says, “I am delighted to have the opportunity to further collaborate with them operationally to create value for our shareholders and equally to return to two dynamic industries where I focused much of my career in investment banking.”

“It’s difficult to overstate the contributions that Mark and Lee have had on our clients’ success and the evolution of our business. We are fortunate to have the benefit of their leadership, expertise and the examples they set each day in living our commitment to customers,” Stephenson adds. “By expanding Lee and Mark’s roles and bringing Kathy on board, we are augmenting an already strong leadership team that will continue to drive the innovations necessary for our growth and positive customer outcomes for years to come.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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