From the Wires
Decision Insight Information Group Announces New Executive Appointment in its Insurance Group and a Strategic Realignment
By: PR Newswire
Nov. 26, 2012 05:32 PM
MILWAUKEE, Nov. 26, 2012 /PRNewswire/ -- Decision Insight Information Group ("DIIG"), a leading provider of risk management and due diligence solutions to the insurance, financial and real estate industries and a TPG portfolio company, today announced the appointment of a new chief executive officer of its insurance business and a broader realignment of its group management structure.
Decision Insight Information Group includes the following market groups: DIIG Insurance, comprised of Marshall & Swift/Boeckh and a strategic investment in Symbility Solutions; DataQuick, which provides property data, analytics and services to the mortgage industry; DIIG Europe, which includes SearchFlow, Millar & Bryce, Rochford Brady Group, Decision Insight Hub, xit2 and Decision First, a joint venture with First Title; and Access Point Information Canada.
Insurance Business Appointment
Tony Reisz has been appointed Chief Executive Officer of DIIG Insurance, effective December 10, 2012. Reisz was most recently President and Chief Executive Officer of Ontario Systems, which provides software, services and business process expertise to the collections and healthcare industries. He has deep experience in the insurance information and software industry, having previously served as President of Insurity, a ChoicePoint company, and in executive positions with Dun & Bradstreet and R.H. Donnelly.
"I am delighted to have such a strong industry executive join DIIG Insurance," said Chris Cartwright, Chief Executive Officer of Decision Insight Information Group. "Tony will strengthen our already capable leadership team and accelerate our delivery of best-in-class property intelligence offerings to the insurance and real estate markets."
"MSB, together with Symbility, has great potential to build on its market-leading positions with innovative, customer-focused solutions that generate further insight into property insurance and claims decisions. I'm excited to join DIIG Insurance and I look forward to working with our management team and the DIIG Advisory Board to take the business to the next level," said Reisz.
Decision Insight Information Group Realignment
With this new appointment to DIIG Insurance, along with other recently announced management additions to DataQuick and DIIG Europe, the businesses within Decision Insight Information Group will transition to be more independent and market focused, and will report directly to the DIIG Advisory Board. Over the next several months, the current Decision Insight Information Group senior management team, led by Cartwright and supported by CFO Steve Bowater and CHRO Jim Aikins, will manage the transition to the new operating structure and complete certain business development efforts that are currently underway. They will then move on to pursue opportunities outside the organization. DIIG CTO Chris Jutkiewicz and General Counsel Joshua Laterman will join DIIG Insurance.
"Under TPG's ownership, we have made tremendous progress across Decision Insight Information Group to refine our strategies, attract and empower strong management, rejuvenate core products and launch new ones, and accelerate growth," said Cartwright. "Our strategic investment in Symbility Solutions and our recent acquisition of Rels Title further strengthened our market positions. I'm confident that we now have the strong leadership teams in place in each of our businesses to operate independently and to execute on the compelling growth opportunities before them."
"On behalf of TPG and the DIIG Advisory Board, I would like to thank Chris, Steve and Jim for the outstanding leadership that they have provided since our acquisition of these businesses in early 2011," said Bryan Taylor of TPG Capital. "They have established strong momentum and positioned each business for continued success. We are excited about our growth prospects and committed to further investment to drive results."
About Decision Insight Information Group
Decision Insight Information Group, located in the U.S., Canada and Europe, delivers a comprehensive range of information, infrastructure and decision support products and services for financial and legal professionals. Operating at the heart of the property industry, Decision Insight Information Group manages complex information solutions and provides clarity on decision making for buying, selling, conveyancing, financing and insurance. Decision Insight Information Group has 1,100 employees in 16 offices. For more information, visit www.decisioninsightgroup.com. Decision Insight Information Group is a TPG portfolio company.
TPG is a leading global private investment firm founded in 1992 with $51.5 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. TPG has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings. The firm's investments span a variety of industries including financial services, travel and entertainment, technology, energy, industrials, retail, consumer, real estate, media and communications, and healthcare. For more information visit www.tpg.com.
SOURCE Decision Insight Information Group
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