Archive:Verisk Analytics: Difference between revisions
restore details of corporate history removed in a previous edit |
restore material removed from the lead in a previous edit, per WP:PRESERVE |
||
| Line 38: | Line 38: | ||
The company's [[Insurance Services Office]] (ISO) subsidiary was created in 1971 through the consolidation of various [[Property insurance|property/casualty insurance]] bureaus.<ref name=AR /> | The company's [[Insurance Services Office]] (ISO) subsidiary was created in 1971 through the consolidation of various [[Property insurance|property/casualty insurance]] bureaus.<ref name=AR /> | ||
In 2009, Verisk completed its IPO and became a publicly traded company.<ref>via ''[[Dow Jones Newswires]]'' [https://online.wsj.com/article/BT-CO-20091006-713810.html "Verisk Analytics' 85.25M-Share IPO Priced At $22 Each"], ''[[The Wall Street Journal]]'', October 6, 2009. Accessed October 8, 2009.</ref> | In 2009, Verisk completed its IPO and became a publicly traded company.<ref>via ''[[Dow Jones Newswires]]'' [https://online.wsj.com/article/BT-CO-20091006-713810.html "Verisk Analytics' 85.25M-Share IPO Priced At $22 Each"], ''[[The Wall Street Journal]]'', October 6, 2009. Accessed October 8, 2009.</ref> The firm did not raise any funds for itself in the IPO, which was designed to provide an opportunity for the firm's casualty and property insurer owners to sell some or all of their holdings and to provide a market price for those retaining their shares. The 2009 IPO was priced at $22 per share for 85.25 million shares owned by its shareholders, including [[American International Group]], The Hartford and Travelers, making it the largest since the 2008 IPO for [[Visa Inc.]] In an action described by investment research company [[Morningstar, Inc.|Morningstar]] as a "vote of confidence" in Verisk, [[Berkshire Hathaway]] was the only company among the firm's largest shareholders that did not sell any of its stock in the October 2009 IPO.<ref name="Reuters2009October6WahbaPhil ">{{cite news|last1=Wahba|first1=Phil |title=UPDATE 2-Verisk IPO raises $1.88 bln, prices above range|url=https://www.reuters.com/article/verisk-idUSN0533161120091007|access-date=6 July 2016|agency=Thomson Reuters|issue=Fund News|publisher=Reuters|date=6 October 2009|location=New York, N.Y., United States|language=en}}</ref> | ||
In 2010, Verisk acquired 3E Company, a provider of services that help customers comply with government-mandated environmental health and safety requirements.<ref name="Reuters2010December7ShankarArchana">{{cite news|last1=Shankar|first1=Archana|last2=Kakkrakandy|first2=Jarshad|title=Verisk to buy privately held 3E for $110 million|url=https://www.reuters.com/article/us-verisk/verisk-to-buy-privately-held-3e-for-110-million-idUSTRE6B633O20101207|access-date=30 July 2015|agency=Thomson Reuters|issue=Deals|publisher=Reuters|date=7 December 2010|location=Bangalore|language=en}}</ref> | In 2010, Verisk acquired 3E Company, a provider of services that help customers comply with government-mandated environmental health and safety requirements.<ref name="Reuters2010December7ShankarArchana">{{cite news|last1=Shankar|first1=Archana|last2=Kakkrakandy|first2=Jarshad|title=Verisk to buy privately held 3E for $110 million|url=https://www.reuters.com/article/us-verisk/verisk-to-buy-privately-held-3e-for-110-million-idUSTRE6B633O20101207|access-date=30 July 2015|agency=Thomson Reuters|issue=Deals|publisher=Reuters|date=7 December 2010|location=Bangalore|language=en}}</ref> | ||