WILLIAM MALLOY NAMED PRESIDENT OF WRM AMERICA HOLDING COMPANY, LLC WILLIAM FISHLINGER CONTINUES AS CHAIRMAN
Uniondale, NY, May 10, 2012 – WRM America Holding Company, LLC (“WRM America”) is pleased to announce that effective immediately, William Malloy has been named President. Mr. Malloy will be responsible for the management of WRM America and its subsidiary companies. William Fishlinger, founder of WRM America, will continue as Chairman and will guide the company’s strategic initiatives.
“I am very pleased that Bill is joining WRM America. Bill has been an active Board member of our company, and I have come to know him personally. I cannot think of a better person to lead WRM America,” Mr. Fishlinger said. “Bill’s addition will allow me to spend more time with our clients and to focus on growing our company. I look forward to working with him in his new role.”
Mr. Malloy has extensive management experience in the insurance industry as both an underwriter and a broker. He spent more than a decade at AIG, where he held various executive roles both in the United States and Europe. From AIG, he joined Marsh Inc., where he held various leadership positions and ultimately served as President from 2004 to 2007. Mr. Malloy joined Aquiline Capital Partners, LLC in 2007 and became a board member of WRM America in 2008.
“I am very excited about joining WRM America and the future of our company,” Mr. Malloy said. “Over the course of 24 years, Bill and his team have built a company that produces strong, consistent results for our clients. I look forward to continuing WRM America’s success in delivering value-added services to our clients and partnering with Bill to build a leading specialty insurance service company.”
About WRM America Holding Company, LLC
WRM America Holding Company, LLC is a specialty lines property and casualty insurance and risk management holding company offering comprehensive solutions for public and private sector entities. WRM America serves its clients’ unique needs through its operating companies: Wright Risk Management, which manages the New York Schools Insurance Reciprocal (A.M. Best “A” (Excellent)), the New York Municipal Insurance Reciprocal (A.M. Best “A” (Excellent)), and the New York State Municipal Workers' Compensation Alliance; RMI Consulting; WRM America Indemnity Co. (A.M. Best “A-” (Excellent)); and Fidelity National Indemnity Insurance Company (A.M. Best “A-” (Excellent)). The company is headquartered in Uniondale, NY.