A data and analytics company that helps U.S. property-and-casualty insurers price policies, evaluate risk, and handle claims, offering industry-standard insurance programs, catastrophe modeling, and anti-fraud tools. It serves all of the top 100 U.S. P&C insurers for the lines it offers and maintains one of the world's largest private databases. After selling its Energy business in 2023 and its Marketing Solutions arm in 2025, the company now focuses entirely on the insurance industry.
Verisk CIO Nick Daffan to step down; CTO Jeff Negrete named interim CIO
Nick Daffan will cease serving as Executive Vice President and Chief Information Officer effective August 3, 2026.
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Daffan will transition to a Strategic Advisor role through the end of 2026.
Jeff Negrete, current Chief Technology Officer, will serve as interim Chief Information Officer in addition to his current role.
Daffan's separation terms will follow the Verisk Senior Executive Severance Benefits Plan as disclosed in an April 5, 2022 8-K.
Daffan had been with Verisk for over 20 years, leading the migration from mainframe to cloud computing.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Verisk shareholders elected 11 directors and approved say-on-pay, auditor ratification, and a written-consent proposal at the 2026 annual meeting.
At the May 19, 2026 annual meeting, all 11 director nominees were elected, with vote counts ranging from 98.6M (Samuel G. Liss) to 113.6M (Sabra R. Purtill) in favor.
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The advisory say-on-pay resolution passed with 106.7M votes for, 4.8M against, and 2.4M abstaining.
Shareholders ratified Deloitte & Touche LLP as independent auditor for fiscal year 2026 (111.3M for, 7.7M against, 0.5M abstaining).
A shareholder proposal to allow action by written consent was approved by a narrow margin: 59.4M for, 52.1M against, 2.4M abstaining.
The report was filed under Item 5.07 to disclose the voting results, with broker non-votes of 5.6M on all director and say-on-pay items.
5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Verisk issues $1.0B in senior notes due 2031 and 2036 to repay debt and fund share repurchases
The notes were issued under a seventh supplemental indenture dated Feb 26, 2026 with Computershare Trust Company as trustee.
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Verisk Analytics entered an underwriting agreement on Feb 23, 2026 to sell $500M of 4.450% Senior Notes due 2031 and $500M of 5.125% Senior Notes due 2036.
Interest on both series is payable semi-annually on March 15 and September 15, beginning September 15, 2026.
Net proceeds will repay $500M under its 364-day term loan and $750M under its revolving credit facility, plus fund general corporate purposes.
The notes include restrictions on liens, sale-leaseback transactions, mergers, and require repurchase offers upon certain change of control events.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Verisk enters $1.5B accelerated share repurchase agreements with HSBC and Wells Fargo
Verisk Analytics entered into ASR agreements with HSBC Bank USA and Wells Fargo Bank to repurchase $1.5 billion of its common stock.
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The repurchase is funded by $500 million from a new 364-day term loan, $750 million from its revolving credit facility, and $250 million cash on hand.
The ASR counterparties are expected to deliver approximately 7.0 million shares initially, with final settlement by September 30, 2026.
After the ASR agreements, about $1.0 billion remains available under Verisk's existing share repurchase program.
The term credit agreement includes financial covenants requiring a minimum interest coverage ratio of 3.00:1.00 and a maximum leverage ratio of 3.75:1.00.
1.01 Entry into a Material Definitive Agreement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits