Verisk, the global data analytics and technology provider, has announced that both Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as Neil Spector moves into a strategic advisor role, effective January 16.
An experienced veteran, Caccese has more than three decades of experience across the insurance sector.
Throughout his career, he has held leadership roles at insurers including Farmers, 21st Century Insurance and AIG before joining Verisk in 2015.
In his most recent role at the firm, Caccese served as president of Domestic Underwriting Solutions for Verisk.
Moreover, Khemka began his career in the sector at the consulting firm Bain & Company before joining Verisk in 2013.
Since joining Verisk, he has held a variety of leadership roles of increasing responsibility in the Underwriting Solutions group including president of Core Line Services.
Lee Shavel, president and CEO, Verisk, commented: “Doug and Saurabh reflect the deeply experienced, talented and diverse leadership team at Verisk.
“They have helped shape Verisk’s strategy and operations and developed new businesses that have positioned the company to serve our clients’ evolving needs for easy-to-implement technologies that drive improved performance and enable their long-term growth. I’m excited to see Doug and Saurabh’s contributions in this next exciting chapter of their careers.”
Meanwhile, Verisk has confirmed that Spector will continue to serve at the company in a strategic advisor role through the year.
Spector previously held several sales leadership roles in a diverse set of companies and industries prior to joining Verisk in 2005.
Since joining the firm, he has held leadership roles of increasing responsibility at Verisk and in 2017 he was named president of Underwriting Solutions.
“Neil has a tremendous depth of understanding of the insurance industry and he’s a committed partner to our clients and his colleagues around the world,” Shavel said.
“We’re fortunate to benefit from his continued leadership and insight and we’re thankful for his numerous contributions to the success of our clients and Verisk.”
