Bachelor, University Michigan, 1968. Master of Arts, University Michigan, 1970. Doctor of Philosophy, University Michigan, 1973.
Professor Eastern Michigan University, Ypsilanti, 1971-1973. Manager Peat, Marwick & Mitchell, New York City, 1974-1979. Vice president Marsh & McLennan, 1979-1982, managing director, since 1982.
Member business committee Metropolitan Museum Art, New York City, since 1985. Member Finance Women's Association (president), Risk and Insurance Management Society (board directors Robert S. Spencer Foundation since 1985). Clubs: Economic (New York City).
Married William A. Newman, May 19, 1974. Children: Romy S., Theodore Ross.