W.R. Berkley names new president of Berkley Industrial Comp

W.R. Berkley names new president of Berkley Industrial Comp

W.R. Berkley has appointed Michael Marcus as president of Berkley Industrial Comp. He assumes the position from Chandler F. Cox, Jr., who transitions to a md position for the corporate. Both appointments are efficient instantly.

Marcus first joined Berkley in 2008 as regional director of its Key Risk enterprise and has since served as the corporate’s vice president for gross sales distribution and enterprise analytics. He has over three a long time of expertise in industrial property and casualty insurance coverage and holds an Economics diploma from Louisiana State University.

“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 government officer of W.R. Berkley. “Mike’s attributes, mixed together with his wealth of expertise, make us exceedingly assured in his skill to guide 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 often known as American Mining Insurance Group. He has served as the corporate’s president and chief government 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 business to serving different high-hazard industries.

“We wish to thank Chan for his extraordinary contributions to Berkley Industrial Comp and W. R. Berkley Corporation over his a few years of service. His imaginative and prescient in reworking the enterprise to reach an ever-changing atmosphere has been exemplary, and we’re delighted that he might be persevering with on this new position,” Berkley added.

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