JERSEY CITY, N.J., February 1, 2016 — ISO announced today the launch of its management and professional liability unit. The unit will spearhead new and revised coverage options as well as actuarial and analytics solutions to better serve the changing world of business and corporate risks. Joining ISO to lead the effort are Stephen Whelan, Michael Doyle, and Barbara Russo. ISO is a Verisk Analytics (Nasdaq:VRSK) business.
The newly hired individuals will add depth and breadth to our existing team and expand ISO offerings, including crime, D&O (directors and officers), EPL (employment practices liability), fiduciary liability, financial institutions, and professional liability or E&O (errors and omissions). The team will also focus on ISO’s excess and surplus and reinsurance solutions.
“I’m pleased to join ISO and look forward to developing innovative solutions and services in the management and professional liability markets to meet the needs of our customers in a changing and challenging marketplace,” said Stephen Whelan, who takes on the role of product development director. Whelan brings significant experience in management liability, having served as an executive at AIG, The Hartford, and most recently at Everest Specialty Underwriters.
“The excess and surplus marketplace is one of the fastest-growing segments of insurance, and I’m excited to have the opportunity to lead ISO’s growth efforts in that space,” said Barbara Russo, who joins as managing director of excess and surplus. Russo is an insurance executive with extensive experience in customer management and business leadership roles. She previously headed the international segment for Zurich’s Global Corporate business unit in North America and held positions of leadership at Travelers, Marsh, AIG, and Winterthur.
“One of our goals is to get the message to insurers that we offer a full suite of services to help them manage risk across various customer segments,” said Michael Doyle, who recently joined the team as actuarial director for specialty lines. Doyle brings more than 20 years of insurance and reinsurance experience in the professional liability and specialty markets, leading teams at ProSight, Munich Re, ACE, XLCatlin, and CNA.
“We remain laser-focused on continuing to deliver high-quality solutions in the admitted marketplace and innovate in the specialty, excess and surplus, and reinsurance arena to serve our clients. Our ambition is to be our customers’ preferred partner to accelerate innovation and profitable growth through data analytics and insight,” said Maroun Mourad, senior vice president, Commercial Lines Domestic and Global, ISO.
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a Verisk Analytics (Nasdaq:VRSK) business. For more information, visit www.verisk.com/iso and www.verisk.com.