Wednesday, October 07, 2009

Frank Coyne

Chairman, President & CEO

Frank J. Coyne is chairman, president, and CEO of Verisk Analytics. He joined the company''s ISO subsidiary in February 1999 as president and chief operating officer. On July 1, 2000, he was elected president and chief executive officer, and he became chairman two years later. In 2008, Mr. Coyne led the initiative that created Verisk Analytics as the parent of ISO and its family of companies.

Mr. Coyne came to ISO from Kemper Insurance Companies, where he served as executive vice president–specialty and risk management groups.

At ISO, Mr. Coyne launched an ambitious and successful business model based on aggressively expanding new product sets and customer segments while enhancing core competencies. His model has demonstrated ISO’s capacity for creativity and innovation in the development of new analytic solutions and improvements in the predictive capabilities of decision-support tools. The model has succeeded not only for the property/casualty insurance industry but also — through more than 20 corporate acquisitions — for adjacent verticals, including health services, mortgage lending, government, and human resources. From 1999 through year-end 2008, ISO revenue increased more than 174 percent.

As chairman of ISO and Verisk, 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-practices themes and forceful calls for market discipline. Many chief executives around the world have come to know Mr. Coyne through his extensive efforts to position the company as a global enterprise.

Because of its strong financial performance, ISO has repeatedly been honored as one of New Jersey’s 50 finest companies by NJBIZ, a leading business news and information organization, and PricewaterhouseCoopers LLP. In 2006, under Mr. Coyne’s leadership, ISO took top honors and was named New Jersey’s fastest-growing company by NJBIZ.

In each year since 2003, Mr. Coyne has been named one of the 100 most powerful people in the insurance industry by the Insurance Media Association. In 2005, Mr. Coyne was honored by the Insurance Federation of New York with its Free Enterprise Award. ISO ranked 37 among the top 200 privately held companies in the greater New York area in 2008 in a survey by Crain’s New York Business. In 2008 and 2009, ISO was named one of the fastest-growing private companies by Inc. magazine, as part of its Inc. 5000 annual ranking.

Mr. Coyne serves on numerous professional and charitable boards.

Mr. Coyne began his career in 1973 as a trial attorney with the U.S. Treasury Department. He joined Universal Underwriters Group in 1977 and served as vice president as well as assistant general counsel. In 1981, he joined Reliance Insurance Company and served as associate corporate general counsel and general counsel for the insurance business. He became vice president and general counsel of PMA Insurance Company in 1983.

Mr. Coyne joined General Accident Insurance in 1985 as senior vice president and general counsel, with responsibility for legal, human resources, and administrative functions. Two years later, he became executive vice president–field operations, with responsibility for underwriting, claims, and marketing activities involving General Accident’s 28 branch offices. In 1991, he was elected president and chief operating officer.

Born in Scranton, Pennsylvania, Mr. Coyne received his bachelor’s degree in political science, magna cum laude, from the University of Scranton and his law degree from Duquesne University. He also had a distinguished career in the United States Army, rising to the rank of captain