Acrisure has announced the appointment of industry veteran William Malloy (pictured) as president of its specialty division.
Malloy spent more than a decade with AIG, holding various leadership positions in both the United States and Europe. He joined Marsh in 1995, serving as CEO of the UK and Europe and becoming the company’s worldwide president in 2004. In 2007, he joined investment firm Aquiline Capital Partners as an operating partner and served in multiple chairman and CEO roles during his tenure.
In his new role at Acrisure, Malloy will use the company’s proprietary technology, distribution and intellectual resources to deliver products to its agency partners and their clients.
“The specialty division is one of the largest organic growth initiatives Acrisure has pursued in our 13-year history,” said Greg Williams, Acrisure president and CEO. “I’m very excited about working with Bill, and I’m pleased we have a person with Bill’s business acumen and industry experience leading this strategic initiative.”
“After a long career with AIG, Marsh and Aquiline Capital, the opportunity to join forces with a first-rate management team led by CEO Greg Williams and build a new operating division within a world-class brokerage firm was too compelling to overlook,” Malloy said. “I am excited to harness the power of the enormous retail engine that exists at Acrisure through all our agency partners, bringing industry-leading products and solutions to all our clients. Working closely with key markets and our reinsurance division, we will further accelerate our market-leading growth.”
