Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse insurance and reinsurance linked investment strategies team, has named Alex Shepherd as the new active underwriter for the syndicate.
Shepherd was most recently with Bermudian reinsurance firm RenaissanceRe, working in London as its head of property for the Lloyd’s of London Syndicate 1458.
He takes on responsibility for all of the Arcus 1856 syndicate’s underwriting activities, across the syndicate’s property reinsurance and specialty lines portfolio.
Shepherd replaces David Booth, director of underwriting for Barbican Managing Agency Limited, who was named as the interim active underwriter for Arcus 1856 in July 2018 after its previous lead underwriter left the firm.
Prior to being head of property at RenRe’s Lloyd’s syndicate Shepherd was a deputy property underwriter at Canopius and had also worked at ACE Global Markets.
His insurance career began in the broking sector in 1998, working in the international property division at Sedgwick.
Commenting on the new hire, Adrian Gfeller, managing director, Arcus 1856, said, “I am delighted to announce that Alex has joined the team to head up our underwriting activities. He is an exceptional underwriter with over 20 years of industry experience spanning multiple industry sectors and territories and is a great addition to our management team. I would also like to thank David who has made a fantastic contribution to our ongoing success as interim active underwriter.”
Shepherd said, “I am excited to be joining the Arcus 1856 team. The company operates a diverse but precisely balanced portfolio built upon a highly successful underwriting approach which combines alternative risk structures and traditional re/insurance products. It has an outstanding team of underwriting talent and I very much look forward to working with my colleagues to build upon the considerable achievements they have made to date.”
Arcus 1856 underwrites a book of insurance and reinsurance that is backed by the Credit Suisse Insurance-Linked Strategies teams investment fund capital, so providing the ILS manager with a direct route to diverse sources of risk and return from the Lloyd’s marketplace.