Verisk Names Doug Caccese and Saurabh Khemka Co-Presidents of Underwriting Solutions

Neil Spector, the current president of the Underwriting Solutions division, will take on the role of strategic advisor, effective January 16. 

(Image source: Verisk.)

Verisk (Jersey City, N.J.), a global data analytics and technology provider, has announced that Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as current president Neil Spector moves into a strategic advisor role, effective January 16.

Lee Shavel, President and CEO, Verisk.

“Doug and Saurabh reflect the deeply experienced, talented and diverse leadership team at Verisk,” comments Lee Shavel, president and CEO, Verisk. “They have helped shape Verisk’s strategy and operations and developed new businesses that have positioned the company to serve our clients’ evolving needs for easy-to-implement technologies that drive improved performance and enable their long-term growth. I’m excited to see Doug and Saurabh’s contributions in this next exciting chapter of their careers.”   

Caccese has more than 30 years of experience in the insurance industry, having held leadership roles at insurers including Farmers, 21st Century Insurance and AIG before joining Verisk in 2015. Most recently, he served as president of Domestic Underwriting Solutions for Verisk.  

Khemka began his career at the consulting firm Bain & Company before joining Verisk in 2013. Since then, he has held several leadership roles of increasing responsibility in the Underwriting Solutions group including president of Core Line Services.

Tremendous Depth of Insurance Industry Understanding

Neil Spector, President, Underwriting Solutions, Verisk.

Spector will continue to serve Verisk in a strategic advisor role through the year. Spector held several sales leadership roles in a diverse set of companies and industries prior to joining Verisk in 2005. Since then, Spector has held leadership roles of increasing responsibility at Verisk and in 2017 he was named president of Underwriting Solutions.

“Neil has a tremendous depth of understanding of the insurance industry and he’s a committed partner to our clients and his colleagues around the world,” comments Shavel. “We’re fortunate to benefit from his continued leadership and insight and we’re thankful for his numerous contributions to the success of our clients and Verisk.”

Verisk Refocuses Exclusively on Insurance with New Emphasis on Life Insurance

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 AnthODonnell@IIReporter.com or (503) 936-2803.

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