February 16, 2010
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.