Former AIG, Marsh and Aquiline veteran joins US broker Acrisure
US insurance broking group Acrisure has appointed industry veteran William Malloy as president of its specialty division.
Malloy has spent over a decade with AIG, where he held various executive positions in the United States and Europe. In 1995 he joined Marsh, where he was the CEO of the UK and Europe, and ultimately became the worldwide president in 2004. In 2007, he joined the investment firm Aquiline Capital Partners as an operating partner, where he served in multiple chairman and CEO roles throughout his tenure.
In his new role, Malloy will focus on leveraging Acrisure’s proprietary technology, distribution, and intellectual resources to deliver valuable products to Agency Partners and their respective clients.
“The Specialty division is one of the largest organic growth initiatives Acrisure has pursued in our 13-year history,” said Acrisure’s president and CEO, Greg Williams. “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.”
Malloy commented: “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.
“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.”
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