VRSK

Verisk Hosts Investor Day in Jersey City, New Jersey Today

Retrieved on: 
Tuesday, March 14, 2023
VRSK, Growth, Interest, Management

JERSEY CITY, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, is hosting an Investor Day today in Jersey City, NJ.

Key Points: 
  • JERSEY CITY, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, is hosting an Investor Day today in Jersey City, NJ.
  • At the half-day event, Verisk President and CEO Lee Shavel, Verisk CFO Elizabeth Mann and members of Verisk’s senior leadership team will highlight Verisk’s growth opportunities and strategies, including how the company is connecting what matters for clients, partners and the global insurance industry.
  • “We believe this path will deliver continued growth, improving margins and strong returns on capital, which will drive value for shareholders over time.”
    Presentations will begin at 8 a.m.
  • Interested parties can register and access the webcast link at investorday.verisk.com .

Verisk Analytics, Inc. Announces $2.5 Billion Accelerated Share Repurchase Transaction

Retrieved on: 
Tuesday, March 7, 2023
Share repurchase, Goldman Sachs, Verisk Analytics, VRSK, Citibank, Security (finance)

JERSEY CITY, N.J., March 07, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced that it has entered into accelerated share repurchase agreements (“ASR Agreements”) with each of Citibank, N.A.

Key Points: 
  • JERSEY CITY, N.J., March 07, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced that it has entered into accelerated share repurchase agreements (“ASR Agreements”) with each of Citibank, N.A.
  • and Goldman Sachs & Co. LLC (the “ASR Counterparties”) to repurchase an aggregate of $2.5 billion of the Company’s common stock.
  • The ASR Agreements were entered into as part of the Company’s previously announced share repurchase program.
  • After giving effect to the ASR Agreements, $941.3 million will remain available for share repurchases under the Company’s authorized share repurchase program.

Verisk Analytics, Inc. Prices Offering of Senior Notes

Retrieved on: 
Friday, March 3, 2023
VRSK, Bryant Park, BofA Securities, Fifth Avenue, Security (finance), HSBC, Verisk Analytics, Prospectus, Debt-to-GDP ratio, Sale, Note

JERSEY CITY, N.J., March 03, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics provider, today announced the pricing of an offering of $500 million of 5.750% Senior Notes due 2033 (the “Notes”).

Key Points: 
  • JERSEY CITY, N.J., March 03, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics provider, today announced the pricing of an offering of $500 million of 5.750% Senior Notes due 2033 (the “Notes”).
  • The closing of the offering is expected to occur on March 7, 2023, subject to satisfaction of customary closing conditions.
  • BofA Securities, Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the offering.
  • Any offer, solicitation or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.

Verisk to Host Investor Day on March 14, 2023 in Jersey City, New Jersey

Retrieved on: 
Thursday, March 2, 2023
Bank, Interest, Conference, VRSK, Hyatt Regency New Orleans

Additionally, Mann will present at the Bank of America 2023 Information and Business Services Conference on Thursday, March 16 at 11:15 a.m. ET. Interested parties are invited to listen to the live event via audio webcast at the investor section of the Verisk website: https://investor.verisk.com/News--Events-/Events--Presentations/default.....

Key Points: 
  • JERSEY CITY, N.J., March 02, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that it will host an Investor Day at the Hyatt Regency Jersey City On the Hudson in Jersey City, N.J. on Tuesday, March 14, 2023 from 8 a.m. to 12 p.m.
  • The half-day event will feature presentations by and discussions with Verisk President and CEO Lee Shavel, Verisk CFO Elizabeth Mann and other members of Verisk’s senior leadership team.
  • Additionally, Mann will present at the Bank of America 2023 Information and Business Services Conference on Thursday, March 16 at 11:15 a.m.
  • Interested parties are invited to listen to the live event via audio webcast at the investor section of the Verisk website: https://investor.verisk.com/News--Events-/Events--Presentations/default.... .

Verisk Reports Fourth-Quarter 2022 Financial Results

Retrieved on: 
Tuesday, February 28, 2023
EBITDA, Financial services, GAAP, OCC, EPS, VRSK, Growth, Environment, CFO, Sale, Environmental health, 3E, Pharmaceutical industry, Bank

Diluted GAAP earnings per share from continuing operations (diluted EPS) were $1.37 for the fourth quarter of 2022, up 87.7%.

Key Points: 
  • Diluted GAAP earnings per share from continuing operations (diluted EPS) were $1.37 for the fourth quarter of 2022, up 87.7%.
  • JERSEY CITY, N.J., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading global data analytics provider, today announced results for the fourth quarter and fiscal year ended December 31, 2022.
  • “We completed a significant transformation of Verisk in 2022, returning to a dedicated data analytics and technology partner to the global insurance industry while continuing to deliver value to shareholders through growth and returns,” said Lee Shavel, president and CEO, Verisk.
  • With our industry centrality and expertise, unique data assets, and talented team, we are uniquely positioned to create value for the industry and deliver on our stated objectives.”
    Elizabeth Mann, CFO, said, “Verisk closed out 2022 with very strong financial results.

Veritas Capital Completes Acquisition of Wood Mackenzie

Retrieved on: 
Thursday, February 2, 2023
Professional Services, Agriculture, Utilities, Natural Resources, Oil, Gas, Data Analytics, Alternative Energy, Environment, Energy, Finance, Sustainability, Government, VRSK, Veritas Capital, Gibson Dunn, Capital, Software, Partnership, Morgan Stanley, Growth, Wardwell, Wood Mackenzie, Renewable energy, Veritas, Verisk Analytics

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

Key Points: 
  • Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).
  • The Wood Mackenzie Lens© platform enables world class analytics and insights to drive critical decision making for the company’s longstanding clients that operate at the leading edge of the rapidly evolving energy sector.
  • Mark Brinin, Chief Executive Officer for Wood Mackenzie said, “We are excited to embark on the next chapter for Wood Mackenzie in partnership with Veritas.
  • “We are excited to welcome Wood Mackenzie to the Veritas portfolio and partner with the team to drive its next phase of growth,” said Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas.

HOVER and Verisk Collaborate to Enable a Faster and More Efficient Claims Solution

Retrieved on: 
Tuesday, February 7, 2023
Automation, Insurance, VRSK, Corporation, Business, Research, Senior, SAN, Risk management, Verisk Analytics

SAN FRANCISCO and JERSEY CITY, N.J., Feb. 7, 2023 /PRNewswire/ -- HOVER, the only complete measurement solution for interior and exterior property claims, and Verisk (Nasdaq:VRSK), a leading global data analytics provider, today announced a deeper collaboration to provide an end-to-end, automated virtual claims solution.

Key Points: 
  • The solution can also be confidently implemented across adjusting workflows, onsite or virtual, and adopted easily by new adjusters.
  • HOVER has virtualized the claims lifecycle for both interior and exterior claims, allowing carriers to flexibly enable their policyholders to quickly capture photos of their property and property damage directly from Verisk's Xactimate® solution upon first notice of loss, assignment, or anytime thereafter.
  • In 2022, HOVER and Verisk combined their innovative solutions into a claims experience that enabled HOVER's highly-detailed, interactive digital model to seamlessly import into Xactimate.
  • Learn more about the integration between HOVER and Xactimate and XactAnalysis on February 7-8 at Verisk Elevate 2023 in Salt Lake City, Utah.

Tractable teams up with Verisk to offer AI-powered estimates for property damage

Retrieved on: 
Monday, February 6, 2023
VRSK, Ecosystem, Insurance, Tractable, Classification, Weather, Database, AI, Artificial intelligence, Medical device, Copper, Verisk Analytics

With Tractable's AI, insurers that use Xactimate can cut the time to settle a property claim from months to just a day.

Key Points: 
  • With Tractable's AI, insurers that use Xactimate can cut the time to settle a property claim from months to just a day.
  • Launched last year, Tractable's AI property solution allows policyholders to take and submit photos of damage through a mobile-friendly, web-based app.
  • The AI, trained on a large database of claims and damaged property, then quickly identifies, classifies and measures the property damage, enabling automated estimates to be generated on Verisk's Xactimate® platform.
  • "When people experience property damage, the first—and often most time-consuming—step toward recovery is settling their insurance claim," said Alex Dalyac, co-founder and CEO of Tractable.

Verisk Remains Hyundai’s Exclusive Provider of Telematics Data to Insurers

Retrieved on: 
Thursday, February 9, 2023
Policy, Insurance, Hyundai Motor America, Satellite navigation, Habit, IOT, Hyundai Motor Company, Exchange, Risk, Data exchange, UBI, VRSK, Genesis, Verisk Analytics, Hyundai

Verisk will also continue to be the exclusive provider of that data to auto insurers.

Key Points: 
  • Verisk will also continue to be the exclusive provider of that data to auto insurers.
  • With Verisk’s robust insurance analytics and experience as a technology provider, insurers will be able to access the data from the Verisk Data Exchange™ and price the policies of applicable Hyundai and Genesis owners based on the relative safety of their driving.
  • The Verisk Data Exchange is an industry-leading Internet of Things (IoT) and telematics platform, helping multiple carriers – including 4 of the top 10 personal auto insurers in the United States – make more informed decisions with data from the connected world.
  • Working with leading automakers, telematics service providers (TSPs), and property-based data sources, the Exchange uses advanced analytics to transform raw trip and sensor data into insurance-ready insights.

Verisk Announces Closing of Wood Mackenzie Sale

Retrieved on: 
Thursday, February 2, 2023
Wood Mackenzie, Veritas Capital, Government, Wardwell, Sale, Gibson, Dunn & Crutcher, Environmental health, Growth, VRSK, Financial adviser, Verisk Analytics, Veritas

JERSEY CITY, N.J., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced the closing of the sale of Wood Mackenzie to an affiliate of Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government.

Key Points: 
  • JERSEY CITY, N.J., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced the closing of the sale of Wood Mackenzie to an affiliate of Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government.
  • “This marks a significant value-creating step for Verisk, which returns the company to its roots as a dedicated strategic partner to the global insurance industry,” said Lee Shavel, president and CEO, Verisk.
  • The terms of the sale of Wood Mackenzie to Veritas were described in a previous press release, which can be found here .
  • Morgan Stanley & Co LLC is acting as financial advisor and Davis Polk & Wardwell LLP as legal advisor to Verisk in connection with the transaction.