ACORD president and CEO announces retirement

The head of the New York-based insurance industry standards organization announced his impending departure Wednesday.

Insurance News

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ACORD Corp., the nonprofit organization that functions as the nationwide insurance industry standards organization, will be on the hunt for a new leader this coming year after Gregory Maciag announced his retirement as president and CEO yesterday.

Maciag, who is approaching his 40th anniversary with the group, said he will step down from his position on Jan. 15, 2016, remaining on with ACORD as an advisor through Jan. 15, 2017.

The ACORD board plans to organize a five-member selection committee, including three outside industry executives, to find a replacement for Maciag within the next year. ACORD Chairman John Leonard also wished Maciag well, saying:

“I speak not only for the board of directors, but for all ACORD members, when I acknowledge Greg’s successful journey with us over the past four decades. Greg provided us with the vision, leadership and stewardship that cultivated partnerships and placed ACORD on the international stage.

“We are now one of the largest and most successful industry standards development organizations in the world.”

Maciag originally joined the organization in 1977, when he was hired to launch the ACORD form library. In 1994, he succeeded Robert E. Merriman as CEO after serving in a variety of positions both with ACORD and the Insurance Institute for Research, which later merged with ACORD.

During his time with ACORD, Maciag oversaw the opening of a London office in 2000 as well as increased coordination with industry leaders to bring ACORD to Europe, Australia, Southern Africa, China, India and Singapore.

“It was a difficult time,” said Maciag. “Industry leaders have very different opinions about the future of ACORD. I was given the opportunity to develop a vision and modify the mission to reflect the technology revolution that was under way at the time and still continues today.”
 

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