W.R. Berkley has appointed Michael Marcus as president of Berkley Industrial Comp. He assumes the function from Chandler F. Cox, Jr., who transitions to a boss function for the corporate. Each appointments are efficient instantly.
Marcus first joined Berkley in 2008 as regional director of its Key Threat enterprise and has since served as the corporate’s vp for gross sales distribution and enterprise analytics. He has over three many years of expertise in industrial property and casualty insurance coverage and holds an Economics diploma from Louisiana State College.
“Mike has achieved an distinctive job throughout his tenure, and he possesses the traits we search for in an impressive chief,” mentioned W. Robert Berkley, Jr., president and chief govt officer of W.R. Berkley. “Mike’s attributes, mixed along with his wealth of expertise, make us exceedingly assured in his potential to steer the distinctive Berkley Industrial Comp crew as they additional construct upon the enterprise’s lengthy historical past of success.”
Cox, in the meantime, co-founded Berkley Industrial Comp, then generally known as American Mining Insurance coverage Group. He has served as the corporate’s president and chief govt officer since 2000. When the corporate was acquired by Berkley in 2007, Cox’s management was instrumental to the corporate’s transition from offering insurance coverage safety for the coal mining trade to serving different high-hazard industries.
“We want to thank Chan for his extraordinary contributions to Berkley Industrial Comp and W. R. Berkley Company over his a few years of service. His imaginative and prescient in remodeling the enterprise to achieve an ever-changing setting has been exemplary, and we’re delighted that he will likely be persevering with on this new function,” Berkley added.