Gfeller named managing director; Delaney named head of operations
London, 31 July 2018 – Arcus Syndicate 1856 (Arcus 1856) has today announced the promotion of Adrian Gfeller to the position of managing director and Gary Delaney to the position of head of operations. Both positions are effective as of 1 August, subject to regulatory approval.
Previously chief risk officer at Arcus 1856 since its launch in 2015, Gfeller brings extensive experience in analysing and pricing insurance risk to the role. Prior to joining Arcus 1856, he was a senior risk modeller in Credit Suisse’s ILS team in Zurich and London.
Delaney was previously syndicate manager at Arcus 1856 and has a thorough understanding of all aspects of the syndicate’s underwriting operations. Prior to joining the firm, he was a class of business deputy executive at Lloyd’s.
Commenting on the announcement, Gfeller said: “I am delighted to be taking the helm at Arcus 1856 and to be announcing the promotion of Gary to head of operations. Our syndicate operates as a highly effective conduit between the capital markets and the re/insurance sector. In this dynamic marketplace, our diverse but balanced portfolio and underwriting stance enable us to respond quickly and capitalise on the developing potential we see. We will continue to focus on considered growth and profitability.”
Arcus 1856 also announced the appointment of David Booth as interim active underwriter. Booth has previous experience as active underwriter for Barbican Syndicate 1955. He will continue in his role as director of underwriting for Barbican Managing Agency Limited.
In addition, Sarah Smith, currently an underwriter at Arcus 1856, has been appointed as acting deputy active underwriter.
Gfeller added: “Barbican Managing Agency provides invaluable support to Arcus 1856 and we are delighted that David will act as interim active underwriter as we look to appoint a suitably experienced underwriter to fill the position on a permanent basis.”
In recent months, Arcus 1856 has expanded its underwriting team with the appointment of Vera Schneider as senior energy underwriter, who joined from Chaucer Syndicate 1084, and Michelle Whittaker as DUA class underwriter, who joined from Novae Syndicate 2007.