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Acrisure appoints William Malloy as specialty division president

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Acrisure L.L.C. said Tuesday that it has named William Malloy president of its specialty division.

Mr. Malloy, former worldwide president of Marsh Inc., joined the New York-based investment firm Aquiline Capital Partners L.L.C. in 2007 as an operating partner, where he served in chairman and CEO roles, Caledonia, Michigan-based Acrisure said in a statement.

In January, Acrisure, the 14th-largest broker of U.S. business according to the latest Business Insurance ranking, purchased the Bermuda-based reinsurance brokerage Beach & Associates Ltd. from Aquiline Capital Partners.