Verisk announced that Bruce Hansen has been named Chairperson of the Board of Directors, effective as of May 5, 2022. Hansen will succeed Scott G. Stephenson who, as previously announced, will retire from the company following Verisk's 2022 Annual Meeting of Shareholders. In connection with the Company's ongoing activities to advance corporate governance and the previously announced intention to separate the roles of Chair of the Board and CEO, the Board of Directors elected Hansen, a current independent director and Chair of the Audit Committee, to serve as Chairperson of the Board of Directors.

Stephenson will remain as a director until his retirement as of the 2022 Annual Meeting of Shareholders on May 25, 2022. Hansen has served on Verisk's Board of Directors since May 2015. He brings three decades of experience building companies across the big data, artificial intelligence, analytics and fin-tech industries.

He also has significant corporate governance expertise at both public and private-equity-backed companies. Hansen holds an MBA in finance from The University of Chicago's Booth School of Business and a Bachelor of Art in economics from Harvard University. Kathleen Hogenson will succeed Hansen as the new Chair of the Audit Committee.

Additionally, as Verisk retires the lead independent director role, Christopher Foskett will assume the Chair of the Finance and Investment Committee, succeeding Samuel Liss. All new leadership roles will take effect on May 5, 2022.