WR Berkley had appointed Michael Marcus to be the new president of Berkley Industrial Company, succeeding Chandler F. Cox, Jr.
Cox, meanwhile, has been appointed the chairman of the business. It is understood that both appointments are to be effective immediately.
W. Robert Berkley, Jr., president and chief executive officer of WR Berkley Corporation, said: “We would like to thank Chan for his extraordinary contributions to Berkley Industrial Comp and W. R. Berkley Corporation over his many years of service. His vision in transforming the business to succeed in an ever-changing environment has been exemplary, and we are delighted that he will be continuing in this new role.”
He added: “Mike has done an exceptional job during his tenure, and he possesses the characteristics we look for in an outstanding leader. Mike’s attributes, combined with his wealth of experience, make us exceedingly confident in his ability to lead the exceptional Berkley Industrial Comp team as they further build upon the business’s long history of success.”
Marcus joined Berkley in 2008 as a regional director at Key Risk and most recently served as Key Risk’s senior vice president for sales, distribution, and business analytics. Cox co-founded Berkley Industrial Comp (formerly American Mining Insurance Group) and has served as its president and chief executive officer since 2000.
