Frank Coyne Elected to Underwriters Laboratories Board of Trustees

The Verisk Analytics and ISO chairman, president and CEO also served as executive vice president for Kemper Insurance Companies' specialty and risk management groups, as well as having held roles within the U.S. Treasury Department, Universal Underwriters Group, Reliance Insurance Company and PMA Insurance Company.

Frank Coyne, chairman, president and CEO of Verisk Analytics and its subsidiary Insurance Services Office (ISO), both based in Jersey City, N.J., has been elected to Underwriters Laboratories' (UL, Northbrook, Ill.) board of trustees, according to a UL source.

"Frank has long been recognized worldwide as a true leader within the insurance industry, so it is a privilege to welcome him to UL," comments Keith Williams, president and CEO, UL. "His outstanding leadership skills and long-standing recognition of the value of analytics to help companies grow and thrive make him an excellent addition to UL's board."

Since joining the company as the president and chief operating officer of ISO, Coyne has led various corporate initiatives to demonstrate increased capacity for creativity and innovation, including aggressive expansion to enhance ISO's core competencies and more than 20 acquisitions. Coyne also headed the initiative to create Verisk Analytics as the public-company parent of ISO and its family of operating units. "Frank's impressive enthusiasm and expansive range of expertise are an immediate asset to UL," says Fred Marcon, chairman of UL's board of trustees.

Throughout his career, 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 practice themes and forceful calls for market discipline. Prior to ISO, Coyne served as executive vice president for Kemper Insurance Companies' specialty and risk management groups. He has also worked for the U.S. Treasury Department, Universal Underwriters Group, Reliance Insurance Company and PMA Insurance Company.

Born in Scranton, Pa., Mr. Coyne received his bachelor's degree in political science, from the University of Scranton and his law degree from Duquesne University. In addition to serving on numerous professional and charitable boards, he also had a distinguished career in the United States Army, rising to the rank of captain, the UL source reports.

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio