About us

The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.

Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.

The role

The Partnerships pricing function supports the underwriting of portfolios through our in-house Pine Walk MGA platform and external delegated authority relationships.
We utilise the expertise of Fidelis Partnership’s product line pricing and catastrophe modelling teams and provide strategic support and data-driven analytical insights and help to manage key underwriting relationships. The Partnerships business is truly multi-line, writing insurance and reinsurance business across a number of property and specialty classes, niche and esoteric risks, and to both large commercial organisations through to SMEs.
The actuarial team supporting the Partnerships business is currently led by an experienced general insurance reserving and pricing actuary with 24 years’ experience. They are supported by a senior nearly qualified actuarial analyst.  We are targeting an additional two hires for the team to bring us up to four people - a qualified actuary (this role) and a junior actuarial or business analyst.

Key accountabilities

• management of a number of our Pine Walk MGU underwriting cells – including analysis of key underwriting KPIs and presentations at monthly / quarterly performance meetings.
• reviewing new MGA business opportunities and assessing price adequacy and profitability of existing business.
• portfolio analysis and review to ensure that coverholders are writing business in accordance with  agreed  risk  appetites  and  underwriting  mandates;  profiling  key  business  features  and exposures within each risk portfolio; assessing current and historical profitability and making recommendations for future improvements (whilst continuing to meet the needs of our clients)
• working with Fidelis’ product line case pricing and modelling teams in property, specialty and credit / bespoke.
• lead  the  modelling,  analysis  and  strategic  input  into  outwards  reinsurance  purchasing decisions for business written across the Pine Walk MGU cells and other MGA delegated relationships.
• analyse outwards reinsurance efficacy, prospective alternatives and pricing - working alongside capital modelling actuarial team to assess capital and risk profile implications.
• preparing presentations for internal and external stakeholders - including senior management, reinsurance partners and investors
• improving  our  data  quality  and  infrastructure  and  building  tools  to  better  visualise  and interrogate information to understand our policy exposures and drivers of claims experience.
• business planning.
• support with ad-hoc projects to assist current and future business needs.

Skills & experience

• newly qualified actuary with up to five years’ post-qualification experience.
• London Market / commercial insurance pricing or reserving (with extensive portfolio analytics)
• demonstrated strong historical track record of actuarial exam progress and development of wider business knowledge and experience.
• high levels of awareness of all commercial insurance and reinsurance classes of business, market conditions, performance indicators, and technical valuation techniques.
• advanced user of Microsoft Excel.
• experience of using SQL, Python and R programming tools for data handling and modelling / analysis a key advantage.

Other

The Fidelis Partnership Ethos

At The Fidelis Partnership, we aim to be different while making a difference.

• We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
• Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
• We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
• We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
• We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.

Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.

Diversity, Equity & Inclusion

Diversity & Inclusion in the workplace

• Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
• We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes
• This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups
• We aim to maintain a focus on equal opportunities across all stages of hiring process
• We measure and minimise the pay gap where possible.

Bring Your Whole Self to Work

Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.

To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may necessitate an adjustment, please contact fidelis@avenciaconsulting.com to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.

Apply by 24/02/2025

Reference: FID01235