Verisk appoints 20-year veteran as president of specialty business unit

Property/casualty insurance data analytics provider  Verisk has named a new president of the company’s Specialty Business Solutions group (formerly known as Sequel).

Tim Rayner (pictured), an insurance industry veteran of more than 20 years, has assumed the new role with immediate effect.

Rayner most recently served as chief experience officer for  Verisk Specialty Business Solutions. He played an active role in the acquisition and integration of the Whitespace and Ignite businesses. He joined  Verisk in February 2018, after holding several leadership roles of increasing responsibility at Miller Insurance Services.

Verisk Specialty Business Solutions collaborates with customers to develop data and application programming interface (API) standards for the London Market. Its most recent initiative, Sequel Hub, standardises messaging and automatically interprets, translates and routes messages between brokers, carriers, delegated authorities and market systems, bringing incredible efficiency to distribution workflows.

Mark Anquillare, president and COO of  Verisk, said: “Those of us who work closely with Tim have been impressed by his customer focus, leadership acumen and his vision for the future of insurance.  Verisk Specialty Business Solutions occupies a coveted position in the marketplace, and Tim is the right leader to accelerate the business’ momentum.”

Rayner commented: “I’m incredibly excited and humbled to take on this role. No other company has the technology, unique data sets, insights and deep domain expertise that Verisk offers, and I am thrilled to bring those resources to bear for our customer by building an automated and integrated ecosystem that improves the efficiency and productivity of the entire insurance value chain.”

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