Newman Named CEO of ACORD Solutions Group

ACORD announced that Chris Newman has been appointed chief executive officer of ACORD Solutions Group (ASG).

Newman has led (re)insurance company operations across both the retail and specialty markets, including setting up operations in North America, Latin America, Asia and the Middle East. He has also held leadership roles driving rapid growth in both global organizations and fast-scaling technology startups.

Newman joined ASG in its first year and “has been instrumental in fostering a cohesive and collaborative ecosystem of partnerships and driving rapid growth,” according to a press release from ACORD.

During his tenure as president International of ACORD, Newman oversaw a significant expansion in the reach of both ACORD and ACORD Solutions Group, empowering digital transformation initiatives throughout the global insurance industry.

• He created the ACORD London Advisory Board and ACORD Global Advisory Council, aligning member priorities and driving efficient data exchange across major insurance markets.
• He established the ASG Licensed Integrator Partner program, bringing together more than 60 global solution providers across the full scope of insurance technology to foster innovation and supporting the vendor community through key integrations.
• He led the development and launch of ASG’s digital data exchange solutions, including ADEPT (ACORD Data Exchange Platform & Translator), enabling brokers and carriers to exchange placing, accounting and claims data with any trading partners through a single gateway.
• He increased industry leverage of ACORD Data Standards by driving widespread adoption of ASG’s automated data transformation solutions and supplemental applications via strategic partners including DXC, Verisk, Genpact, Ping, Base64, mea Platform, and others.
• He conceived and established ADEPT Global Hubsin London, North America, Bermuda, Dubai, Italy, Spain, and Singapore, establishing partnerships with the leading associations across all major global (re)insurance hubs.
• He played a key role representing the ACORD community in the London Market Group’s Data Council, advancing data standards and digitalization in the London Market.

“Chris’s leadership, strategic vision, and proven track record make him exceptionally well suited to guide ASG through its next chapter,” said ACORD Board Chair Robert Kelly AM (founder, managing director & CEO of Steadfast), in a statement.

ACORD Solutions Group was formed in 2016 as an industry-owned extension of ACORD, the standards-setting body for the global insurance industry, to help its members address critical technology challenges by delivering next-generation digital services.