NORTHBROOK, Ill. - Feb. 16, 2009: Underwriters Laboratories (UL) today announced that Frank J. Coyne has been elected to UL's board of trustees.
Mr. Coyne is currently chairman, president and CEO of Verisk Analytics (NASDAQ: VRSK), a leading source of risk assessment analytics that compiles data designed to detect fraud and predict loss for customers in the U.S. property/casualty insurance, healthcare and mortgage industries. Verisk Analytics includes the holdings of Insurance Services Office, Inc. (ISO) and its subsidiaries, which have been recognized by investors and business media as being among the fastest-growing companies in the United States.
"Frank has long been recognized worldwide as a true leader within the insurance industry, so it is a privilege to welcome him to UL," said Keith Williams, UL president and CEO. "His outstanding leadership skills and long-standing recognition of the value of analytics to help companies grow and thrive make him an excellent addition to UL's board."
Since joining the company as the president and chief operating officer of ISO, Mr. Coyne has led various corporate initiatives to demonstrate increased capacity for creativity and innovation, including aggressive expansion to enhance ISO's core competencies and more than 20 acquisitions. Mr. Coyne also headed the initiative to create Verisk Analytics as the public-company parent of ISO and its family of operating units.
"Frank's impressive enthusiasm and expansive range of expertise are an immediate asset to UL," said Fred Marcon, chairman of UL's board of trustees.
Throughout his career, Mr. Coyne has played a leadership role in property/casualty insurance, delivering numerous speeches at major industry forums and writing many articles with performance-enhancing best practice themes and forceful calls for market discipline. Prior to ISO, Mr. Coyne served as executive vice president for Kemper Insurance Companies' specialty and risk management groups. He has also worked for the U.S. Treasury Department, Universal Underwriters Group, Reliance Insurance Company and PMA Insurance Company.
Born in Scranton, Pa., Mr. Coyne received his bachelor's degree in political science, from the University of Scranton and his law degree from Duquesne University. In addition to serving on numerous professional and charitable boards, he also had a distinguished career in the United States Army, rising to the rank of captain.