Verisk Acquires Nasdaq’s Risk Modelling Platform to Broaden Global Catastrophe Risk Assessment

On April 2, 2025, Verisk announced the acquisition of Simplitium Limited, a Nasdaq subsidiary that owns and operates the Nasdaq Risk Modelling for Catastrophes (NRMC) platform. This strategic move brings more than 300 third-party catastrophe risk models into Verisk’s ecosystem, significantly expanding access to specialized, niche views of risk for reinsurers and brokers around the globe.

The NRMC platform, based on the open-source OASIS Loss Modelling Framework, enables clients to evaluate risks using a wide range of third-party and in-house models. Delivered as a cloud-based service, it supports Verisk’s mission to close the insurance protection gap and empower better disaster preparedness and recovery strategies.

Verisk plans to integrate NRMC into its Extreme Event Solutions division, reinforcing its commitment to transparency and open standards in data exchange. The acquisition supports Verisk’s long-standing advocacy for formats like CEDE and OED, which are used for encoding and interpreting catastrophe risk data.

Nasdaq sees the transaction as part of a strategic refinement to focus its efforts within financial technology. No financial terms were disclosed, and the deal is not expected to materially impact financial results.

Contacts:
- **Verisk**: Ali Herbert, ali.herbert@verisk.com
- **Nasdaq**: Andrew Hughes, andrew.hughes@nasdaq.com

More information: [verisk.com](https://www.verisk.com) | [nasdaq.com](https://www.nasdaq.com)

VERISK NOMINATES CHRISTOPHER PERRY AND SABRA PURTILL TO BOARD OF DIRECTORS

Verisk announced the nomination of Christopher J. Perry and Sabra R. Purtill to its Board of Directors, with both set to stand for election at the Annual Meeting on May 20, 2025. Perry currently serves as President of Broadridge Financial Solutions, while Purtill brings over 35 years of financial leadership experience, most recently as Chief Financial Officer of AIG.

Perry offers global expertise in corporate development and strategic partnerships, and Purtill has held executive roles at AIG, Hartford, and Chubb, with extensive experience in corporate finance, risk, and investments. Their nominations follow the planned retirements of Vincent Brooks and Wendy Lane from the board, both recognized for their contributions during Verisk’s organizational transformation.

CEO Lee Shavel and Board Chair Bruce Hansen praised Perry and Purtill’s industry insights and leadership as key assets in supporting Verisk’s growth strategy and its mission to serve the insurance ecosystem.

Verisk remains focused on delivering advanced analytics and technology solutions to enhance global insurance operations and resilience.

Key Developments – $700 Million Senior Notes Offering
1. Underwritten Public Offering of Senior Notes
Issuer: Verisk Analytics, Inc.
Underwriters:
BofA Securities, Inc.
HSBC Securities (USA) Inc.
Principal Amount: $700 million
Coupon Rate: 5.250%
Maturity Date: March 15, 2035
Interest Payments: Semi-annual (March 15 & September 15), starting September 15, 2025
2. Redemption Terms
Before December 15, 2034:
✅ "Make-whole" redemption price applies.
On or after December 15, 2034:
✅ Redeemable at 100% of principal amount plus accrued interest.
3. Key Restrictions & Covenants
The Indenture (Base + Fifth Supplemental) includes:
✔ Restrictions on incurring liens & sale-leaseback transactions.
✔ Limitations on mergers, consolidations, or asset transfers.
✔ Repurchase requirement upon a change of control event.

4. Strategic Implications
✅ Locks in long-term financing at a fixed 5.250% interest rate.
✅ Enhances financial flexibility while maintaining a strong credit profile.
✅ Potentially supports future growth initiatives or debt refinancing.

Verisk reported strong financial performance for the fourth quarter and full year 2024. Consolidated revenue reached $736 million for Q4, an 8.6% increase, and $2.88 billion for the full year, a 7.5% increase. Income from continuing operations rose by 11.6% in Q4 and 23.7% for the full year. Adjusted EBITDA increased 9.9% in Q4 and 9.9% for the year, reflecting cost discipline and revenue growth. Diluted EPS from continuing operations was $1.44 in Q4, up 15.2%, and $6.66 for the full year, up 27.6%. Free cash flow grew 2.0% in Q4 and 10.8% for the full year.

Insurance revenues grew 8.6% in Q4, with underwriting up 6.8% and claims up 13.0%. Full-year insurance revenues rose 7.5%, supported by growth in underwriting and claims services. The company sold its Atmospheric and Environmental Research (AER) business in December 2024 for $7.1 million, resulting in a $12.1 million loss.

Net cash provided by operating activities was $1.14 billion for 2024, a 7.9% increase. The company paid a dividend of $0.39 per share in December 2024 and announced a 15% increase to $0.45 per share, payable in March 2025. Verisk repurchased $300 million in shares through an accelerated share repurchase (ASR) program and has $592 million remaining under its current authorization. An additional $1 billion repurchase authorization was approved in February 2025.

For 2025, Verisk projects revenues between $3.03 billion and $3.08 billion, adjusted EBITDA between $1.67 billion and $1.72 billion, and diluted adjusted EPS between $6.80 and $7.10. The company continues investing in high-return opportunities while maintaining shareholder returns through dividends and share repurchases.

Robinhood to Report Q1 2025 Earnings on April 30

Robinhood Markets, Inc. announced it will release its financial results for the first quarter of 2025 on Wednesday, April 30, after market close. A live video call to discuss the results will follow at 2:00 PM PT / 5:00 PM ET. The webcast will be accessible via investors.robinhood.com and streamed on Robinhood’s official YouTube and X.com (@RobinhoodApp) channels.

In advance of the call, shareholders are invited to submit and vote on questions for Robinhood’s leadership through Say Technologies. The Q&A platform opens on April 23 at 2:00 PM PT and will close on April 29 at the same time. Selected top-voted questions will be addressed during the earnings call. Questions about the Q&A process can be directed to hello@saytechnologies.com.

Robinhood Expands Credit Facility and Appoints New Board Member

Robinhood Markets, Inc. has amended its existing revolving credit agreement, increasing the total borrowing capacity from $2.25 billion to $2.65 billion, with a potential expansion to $3.975 billion. The updated agreement, entered into on March 21, 2025, with JPMorgan Chase Bank as administrative agent, features a 364-day term and tiered tranches backed by various RHS assets. Interest rates range from Daily Simple SOFR plus 0.10% to higher fixed spreads, depending on the tranche.

In governance updates, Robinhood appointed **John Hegeman** as an independent director, expanding the board to 10 members. Hegeman also joins the Safety, Risk and Regulatory Committee. His appointment was announced in a company blog post on March 25.

The company highlighted its ongoing use of its investor relations site and newsroom for important disclosures under Regulation FD.

FIS Launches Securities Matching Platform to Boost U.S. Market Efficiency

FIS officially launched its Securities Finance Matching Platform in the U.S., following completion of its SEC filing process. This cloud-native, smart automation solution is designed to streamline the matching process for broker-dealers by identifying optimal matches between securities lenders and borrowers—prioritizing efficiency, cost-effectiveness, and risk management.

Originally introduced in the U.K. in 2024, the platform now provides U.S. broker-dealers with an alternative to existing systems, reducing single-point-of-failure risk in a vital sector of the capital markets. The system evaluates variables such as rebate rates, capital requirements, and counter-party patterns to deliver fast, low-cost match outcomes.

FIS Capital Markets head Nasser Khodri emphasized the platform's potential to reduce operational friction and support scaling trade volumes in the face of tighter margins. The platform is part of the broader FIS Securities Finance Suite and will be operated in the U.S. through FIS Brokerage & Securities Services LLC, a FINRA and SIPC member.

FIS WINS TWO AWARDS FOR INNOVATION IN TREASURY MANAGEMENT AT 2025 TMI AWARDS

FIS has earned two major honors at the 2025 Treasury Management International Innovation & Excellence Awards. The company received the "Best Cash & Treasury Management Solution" award for its Integrity Edition of Treasury and Risk Manager, and the "Solution Innovation in AI" award for its newly launched Treasury GPT tool.

The Integrity platform offers cloud-native technology that provides treasurers with real-time cash visibility and robust risk mitigation through integration with banking, trading, and business systems. Treasury GPT, developed in collaboration with Microsoft using Azure OpenAI Service, is the first generative AI tool specifically for treasury management, offering insights on system configuration, product use, and best practices.

The awards recognize FIS’ continued innovation in financial technology to help businesses effectively manage liquidity and adapt to modern challenges. According to PwC’s 2023 Global Treasury Survey, real-time visibility and accurate forecasting remain top priorities for treasurers and CFOs globally.

FIS is a Fortune 500 financial technology company based in Jacksonville, Florida, offering solutions that help clients manage payments, banking, and investment needs.

**Verisk Acquires Nasdaq’s Risk Modelling for Catastrophes to Expand Global Risk Assessment Capabilities**

On April 2, 2025, Verisk announced the acquisition of Simplitium Limited, a Nasdaq subsidiary operating the Nasdaq Risk Modelling for Catastrophes (NRMC) platform. The deal aims to broaden Verisk’s global catastrophe risk modelling capabilities by giving clients access to over 300 third-party models, enhancing insights into extreme event risks across niche and global scenarios.

NRMC, a SaaS platform built on the OASIS Loss Modelling Framework, supports in-house and third-party catastrophe models. By joining Verisk, NRMC will be integrated into its Extreme Event Solutions division, offering clients more granular and diverse views of catastrophe risk through open standards and cloud delivery. This integration will enable insurers, reinsurers, and brokers to make more informed, data-driven decisions to strengthen community and business resilience.

Gayatri Natarajan of Verisk emphasized that the acquisition reinforces Verisk’s role in supporting mitigation strategies and narrowing the global insurance protection gap. Nasdaq’s Magnus Haglind noted the deal allows Nasdaq to focus more deeply on its Financial Technology business.

Financial terms were not disclosed, and the transaction is not expected to materially impact financial results.

**About Verisk**
Verisk is a global data analytics and technology provider serving the insurance sector, offering tools to improve underwriting, claims, fraud prevention, and resilience strategies.

**About Nasdaq**
Nasdaq provides financial technology and market infrastructure, offering platforms and analytics to help clients navigate global capital markets.

For more, visit [verisk.com](https://www.verisk.com) and [nasdaq.com](https://www.nasdaq.com).

Nasdaq, Inc. announced early tender results and pricing for its tender offers to purchase up to $218,053,000 in aggregate principal amount of its outstanding senior notes. The company increased the original tender offer cap from $200,000,000. The tender includes up to $41,360,000 of 5.350% Senior Notes due 2028, up to $57,583,000 of 5.550% Senior Notes due 2034, and up to $119,110,000 of 3.950% Senior Notes due 2052, subject to proration.

The early tender results were announced on February 24, 2025, and the pricing details were released on February 25, 2025. Nasdaq clarified that this announcement does not constitute an offer to sell or buy any securities.

Discover Wins 2025 CIO 100 Award for Generative AI Risk Reduction Model

Discover Financial Services has been named a 2025 CIO 100 Award winner for its innovative generative AI solution that supports customer care agents in classifying customer contact preferences while reducing company risk. The award, presented annually for nearly 30 years, honors organizations demonstrating excellence in IT strategy and operations.

Developed in-house, the GenAI model integrates cloud-scale data warehousing with advanced analytics to assess customer contact preferences and ensure compliance with financial regulations. Key achievements of the model include:

- Reducing deployment time from 7 hours to 4 minutes
- Expanding dataset coverage for customer contact preferences by 80%
- Cutting sentiment analysis time by more than 75%
- Capturing over 1,200 additional customer contact preference requests monthly

Jason Strle, Discover’s Chief Information Officer, emphasized that the solution enhances security and service: “We can now quickly convert data into actionable insights that support our customers in minutes instead of hours or days.”

Winners of the CIO 100 Awards will be honored at the upcoming CIO 100 Symposium & Awards event. For more on Discover’s technology and open roles, visit [technology.discover.com](https://technology.discover.com) and [jobs.discover.com](https://jobs.discover.com).

Discover Financial Services (NYSE: DFS) plans to report its First quarter 2025 results after the market closes on Wednesday, April 23, 2025. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

A conference call to discuss the firm's results and related matters will be held on Thursday, April 24, 2025, at 7:00 a.m. Central Time and will be limited to prepared remarks. The live audio webcast will be accessible to the general public through Discover’s Investor Relations website at https://investorrelations.discover.com. An audio replay will be available on the website following the call.

Cummins Appoints Nicole Y. Lamb-Hale as Chief Administrative Officer and Corporate Secretary

Cummins Inc. (NYSE: CMI) announced on April 2, 2025, that Nicole Y. Lamb-Hale will assume the role of Chief Administrative Officer and Corporate Secretary, effective June 1, 2025, following the retirement of Sharon Barner on May 31.

Lamb-Hale, who joined Cummins in 2021 as Vice President and Chief Legal Officer, expanded her responsibilities to include Corporate Secretary in 2023. She has played a key role in major transactions, including the acquisition of Meritor, the spin-off of the Filtration business, and the formation of Amplify Cell Technologies.

In her new role, Lamb-Hale will lead a global organization covering risk management, ethics and compliance, product and regulatory affairs, government relations, communications, and corporate responsibility. She will continue to advise the Cummins Board and uphold governance standards.

Before Cummins, Lamb-Hale held leadership roles at Kroll, LLC and Albright Stonebridge Group, and served in the U.S. Department of Commerce under the Obama administration. She is a graduate of the University of Michigan and Harvard Law School, and serves on multiple corporate and non-profit boards, including Federal Realty Investment Trust and the Cummins Foundation.

Jennifer Rumsey, Chair and CEO of Cummins, praised Lamb-Hale as a visionary leader with deep expertise and a commitment to Cummins' values, stating: “She is uniquely qualified to lead this critical organization during an important time in Cummins’ history.”

For more information, visit: www.cummins.com
Read the full release: https://www.businesswire.com/news/home/20250402041669/en/

Accelera and Isuzu to Launch Zero-Emissions Battery Electric Powertrain for F-Series Trucks by 2027

Accelera by Cummins and Isuzu Motors announced they will introduce a fully integrated zero-emissions battery electric powertrain for Isuzu’s F-series medium-duty trucks, with production set for 2027. The collaboration is tailored for the North American market and marks a major step in fleet electrification.

The new electric powertrain will include Accelera’s next-generation technologies:
- Lithium iron phosphate (LFP) tiered platform batteries for longer cycle life, enhanced safety, and cost efficiency
- The 14Xe eAxle with the ELFA motor and inverter, backed by nearly 30 years of road experience
- The PCAS 3.0 system, a compact and modular controls package that is 70% smaller than previous versions and more serviceable

The system will be shown at the ACT Expo in Anaheim, California, from April 28 to May 1.

The powertrain will be available in Class 6 and 7 trucks, designed for a range of applications from urban deliveries to regional hauls. Its integration aims to lower the total cost of ownership and support the transition to electric commercial fleets. Many components will be manufactured or assembled in the United States.

Accelera is Cummins’ zero-emissions business segment, and Isuzu is a global leader in commercial vehicles, including the F-series and D-MAX models.

Cummins Inc. has announced the retirement of Sharon R. Barner, its Chief Administrative Officer, effective May 31, 2025. The company disclosed this development in a press release issued on March 18, 2025.

Barner has been a key leader at Cummins, and her retirement marks a significant transition for the company. Further details regarding her successor or any structural changes within the company have not yet been disclosed.

Cummins reported strong results for the fourth quarter and full year 2024. The company’s fourth-quarter revenues were $8.4 billion, reflecting a slight decrease of 1% from the previous year. Despite a decline in heavy-duty truck demand in North America, the company reported GAAP net income of $418 million, or $3.02 per diluted share. This was a significant improvement from the $1.4 billion net loss in the fourth quarter of 2023. However, the quarter included a $312 million charge related to the reorganization of its Accelera by Cummins segment.

For the full year, Cummins achieved revenues of $34.1 billion, with net income of $3.9 billion, or $28.37 per diluted share. The company had strong growth in EBITDA, which increased to 18.6% of sales, from 8.9% in 2023. The full-year results also included a gain from the separation of Atmus Filtration Technologies, which contributed $1.3 billion to the net income.

Looking forward to 2025, Cummins expects revenue to be slightly lower or higher by up to 3%, with EBITDA margin expected between 16.2% and 17.2%. The company anticipates weaker demand in North America’s on-highway truck markets but remains optimistic about improving profitability and cash flow due to strength in other key markets.

Key highlights for 2024 included the launch of Cummins HELM™ engine platforms, the formation of a joint venture with Daimler Trucks & Buses to advance zero-emissions technology, and the introduction of new generator sets. Cummins also continued its focus on shareholder returns, increasing its dividend for the 15th consecutive year and returning $969 million to shareholders.

In the first quarter of 2025, the company expects a slightly weaker market, but it remains committed to delivering strong financial performance and investing in future growth.

Dakota Wealth Management senior portfolio manager Robert Pavlik is optimistic about LULU, CMU and PWR.

Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its first quarter 2025 financial results on Wednesday, May 7, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet, Inc. announced an update regarding its Board of Directors. Janet Napolitano, who was appointed as a director on November 7, 2024, has been assigned to the Cybersecurity Committee of the Board as of January 17, 2025. This decision finalizes her role within the company's governance structure, strengthening its focus on cybersecurity expertise.

McKesson Completes Acquisition of PRISM Vision Holdings for $850 Million

On April 2, 2025, McKesson Corporation (NYSE: MCK) announced the completion of its acquisition of an 80% controlling interest in PRISM Vision Holdings, LLC for approximately $850 million. PRISM, a leading provider of general ophthalmology and retina management services, will retain a 20% ownership stake through its physician partners.

The acquisition positions McKesson to develop a leading retinal and ophthalmology platform, enhancing its clinical services and distribution capabilities in a specialized and growing healthcare segment.

In addition, McKesson announced that it will release its fourth quarter and full-year fiscal 2025 financial results on Thursday, May 8, 2025, after market close. A live webcast of the earnings call will be hosted at 4:30 PM ET on [investor.mckesson.com](https://investor.mckesson.com), where related materials will also be available.

For further details, McKesson invites investors and stakeholders to monitor updates and filings, including its upcoming Form 10-K for a comprehensive overview of related risks and future expectations.

Welltower® Inc. (NYSE: WELL) today announced it will release first quarter 2025 financial results after the close of trading on the New York Stock Exchange on Monday, April 28, 2025. The Company will host a conference call and webcast on Tuesday, April 29, 2025, at 9:00 a.m. ET to discuss these results. The Company's earnings release will be available in the Investor Relations section of the Company's website.

Welltower Inc., an S&P 500 company specializing in residential wellness and healthcare infrastructure, has unveiled a refreshed brand identity and a new website. This rebranding reflects a decade-long transformation from a healthcare real estate firm into a data-driven operating company.

CEO Shankh Mitra emphasized that Welltower has restructured its capital allocation, expanded its portfolio through $20 billion in targeted investments, and developed a leading data science and machine learning platform. The company has also strengthened its management contracts and implemented the Welltower Business System (WBS) to enhance operational efficiency.

Welltower manages over 1,500 senior and wellness housing communities across the U.S., U.K., and Canada, positioning itself at the intersection of housing, healthcare, and hospitality. The company's strategy focuses on long-term growth and value creation for investors, leveraging its unique corporate culture and regional densification approach.

The updated brand identity symbolizes Welltower’s evolution and future vision, reinforcing its commitment to innovation and resilience in the healthcare infrastructure sector.

U.S. Bancorp (NYSE: USB) will release its first quarter 2025 earnings results before the market opens on Wednesday, April 16, 2025. At 8 a.m. CT, President and Chief Executive Officer Gunjan Kedia and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

U.S. Bancorp has introduced the U.S. Bank Shield Visa Card, offering a 0% introductory APR for 24 billing cycles on purchases and balance transfers. After the introductory period, the card's APR will range from 17.74% to 28.74%. The Shield Card includes purchase protection benefits and cash-back rewards, with 4% cash back on prepaid air, hotel, and car reservations booked through the U.S. Bank Travel Rewards Center and an annual $20 statement credit after 11 consecutive months of purchases.

Additional protection benefits include cell phone protection of up to $600 for damage or theft, auto rental collision damage waiver, extended warranty protection, and purchase security covering theft or damage within 90 days of purchase.

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.50 per common share, payable April 15, 2025, to stockholders of record at the close of business on March 31, 2025. At this quarterly dividend rate, the annual dividend is equivalent to $2.00 per common share.

U.S. Bancorp announced leadership changes as part of a transition plan. Shailesh M. Kotwal will step down as Vice Chair, Payment Services, on February 3, 2025, but will continue in an advisory role until June 30, 2025, to support the leadership transition. Additionally, Scott W. Wine informed the board that he will not seek re-election at the 2025 Annual Meeting of Shareholders, citing personal reasons after a decade of service.