Fadata appoints John Macdonald as new CEO and announces global expansion to deliver optimized business solutions for the insurance industry in the new digital age

Fadata, a leading provider of advanced insurance policy administration and claims solutions, has appointed John Macdonald as its new Chief Executive Officer.

With over 20 years of experience in FinTech, John Macdonald has held a wide range of executive positions at leading software companies, including SAP, Algorithmics, IBM and S&P Capital IQ.  Under his leadership, John has bought next-generation technologies to market. He has successfully led growth strategies, driven global sales and marketing organizations, and developed innovative award-winning products for the banking, capital markets and insurance industries.

John joins Fadata following its acquisition by the Riverside Company and Charles Taylor Plc in December 2015.

“I am honored to join Fadata as its new CEO. It is a privilege to be part of a company that delivers innovative solutions and high quality services that are widely recognized by the analyst community and our clients,” said John Macdonald. “We are experiencing a new digital transformation in the insurance sector – one that is changing consumer behavior and business models. With our state-of-the-art technology, Fadata will help clients seize opportunities to improve the efficiency of existing processes and to create new value for their customers.”

Martin Scott, Partner in Charge, of The Riverside Company, added: “We are delighted to have John lead the Fadata team. We are confident that his extensive international business experience will be invaluable in accelerating the company’s growth to become one of the market-leading insurance software solutions providers globally.”

David Marock, Group Chief Executive Officer, Charles Taylor said: “The global insurance technology market is growing rapidly, with increasing demand from insurers to replace legacy systems, bring new products to market quickly and capitalize on the potential of big data.  We are looking forward to working closely with John to drive Fadata’s growth.”

Fadata is one of the few organizations to offer advanced software solutions for Life, General, and Health insurance.  The INSIS product has been ranked leader in the Gartner’s Magic Quadrant 2015 for the fourth successive year.  It has also recently won two consecutive XCelent in Technology awards for its life and health systems from Celent.