ACORD Solutions Group, Inc. Unveils 2018 Board of Directors

PEARL RIVER, N.Y., Feb. 16, 2018 /PRNewswire/ -- ACORD Solutions Group, Inc. (ASG), an organization that provides full-scale automation services and solutions for the global insurance industry, today announced its new board of directors. 

The new Board, effective October 23, 2017, brings a wealth of experience to ASG by combining proven financial services and technology experts with insurance industry veterans.

"ASG would like to welcome its new Board of Directors," said ASG CEO Peter Teresi. "As a newly developed, industry-owned company, we are incredibly grateful and fortunate to be represented by this senior group of accomplished leaders. I look forward to working closely with all of them as we move ASG forward."

The 2018 ASG Board of Directors includes:

• John Kellington, Chairman of the Board of ACORD Solutions Group (ASG) and currently Senior Vice President and CIO of Cincinnati Financial Corporation, which markets Property, Casualty, and Life insurance through independent agents in the United States. Prior to his position at Cincinnati Financial, Mr. Kellington was Senior Vice President of ACORD. He also held positions as SVP & CIO of Ohio Casualty, and spent 18 years at IBM.
• William K. (Bill) King, Jr., Mr. King is a retired Executive Vice President of State Farm Mutual Automobile Insurance Company in Bloomington, IL. He joined State Farm in 1970 as a Personnel Interviewer and held several positions within the organization, ultimately becoming Executive Vice President in 2004, until his retirement in 2010.
• Barbara Koster, Senior Vice President and Chief Information Officer for Prudential Financial. Ms. Koster is the current head of Global Business and Technology Solutions and a member of Prudential's Senior Management Committee. She has responsibility for IT at all Prudential locations worldwide and ensures the privacy and integrity of Prudential's information. She also manages the company's global networks, data centers and other technology infrastructure.
• Tony Mattioli, Chief Information Officer at AssuredPartners, Inc., is responsible for focusing on technology solutions and initiatives throughout the company. With 35 years of experience in the property/casualty insurance business, he has held a number of senior executive positions in the industry, most recently working as CIO at Marsh for the Risk and Insurance Services Group.
• Ray Oral, former Senior Vice President and Chief Information officer responsible for CNA's Global Information Technology. In this role, Mr. Oral lead the company's efforts to integrate technology and business processing into an efficient, flexible and scalable processing platform. In addition to his role on the ASG Board, Mr. Oral is also providing advisory and consultative services within the industry relative to legacy integration of advanced technology solutions.
• Bill Pieroni, President & CEO of ACORD, has played an integral role in ASG's success, shepherding the company's launch based on the need to address industry market failures in a not-for-profit way. Prior to his appointment at ACORD in 2016, Mr. Pieroni served as the Global Chief Operating Officer of Marsh, responsible for the firm's global operations, and Chief Technology and Transformation Officer across the Risk and Insurance Segment. Prior to joining Marsh, he held leadership positions at State Farm, AON and Accenture.
• Shawn Sylvester, Senior Vice President of Business Services at SOMPO International (formerly Endurance), oversees Reinsurance Accounting, Ceded Reinsurance, Cash and Credit Control for Insurance and Reinsurance and SOMPO International's Lloyds' syndicate. He also held a Senior Vice President role with Swiss Re America Corporation in their Operations, Finance, Claims, and Liability Unit.

Since 1970, ACORD has been a global leader in supporting improvements across the insurance value chain. As digitization continues to impact today's insurance industry, ACORD, saw an opportunity to create a different type of organization to help provide members with standards and services to improve their business.  ASG was formed as an industry-owned extension of ACORD to further support the implementation of ACORD Standards. ASG works alongside ACORD members and solution providers providing full-scale automation services and solutions, enabling straight-through processing of data across the insurance value chain, all while leveraging proven ACORD Standards.

"ASG has a tremendous amount of insight and perspective into standards and issues that are driving our industry," said Bill Pieroni, President and CEO, ACORD.  "Our members and their respective vendors will have a distinct advantage by partnering with ASG.  Under Peter's leadership and guidance from the Board, the organization is positioned to innovate insurance technologies that will drive results and operationalize our Standards while reducing time, costs and risks."

About ACORD Solutions Group, Inc.

ACORD Solutions Group, Inc. (ASG) is an insurance industry-owned extension of ACORD (Association for Cooperative Operations Research and Development), the global, nonprofit organization serving the insurance and related industries. ASG was born of ACORD's long-standing commitment to enabling efficiency for the global insurance industry. ASG's mission is to provide full-scale automation services and solutions, which enable straight-through processing of data across the insurance value chain, using proven ACORD Standards. For more information about ASG, visit www.acordsolutions.com.

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SOURCE ACORD Solutions Group, Inc.