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 Group is expanding its Actuarial function to enhance its Pricing team. Fidelis leverages market-leading systems and is committed to further developing its data-driven decision-making capabilities. The team collaborates closely with Senior Management on strategic decisions, particularly in catastrophe modelling and actuarial pricing. It supports multiple lines of business in pricing, portfolio management, and business planning.
The Reinsurance Pricing Actuary will report to both the Group Head of Portfolio Management and the Head of Ceded Re. This role is responsible for ensuring the Group’s outwards reinsurance is purchased efficiently, leveraging portfolio analysis and strategic insights.

Key accountabilities

• Outwards Case Pricing: case pricing across a wide range of lines of business, like property, specialty, and bespoke lines.
• Leverage inwards pricing models to build consistent outwards pricing frameworks, ensuring alignment on metrics for pricing, capital impact, and profitability expectations.
• Automation and Process Improvement: Drive automation initiatives to streamline pricing and reporting processes, improving efficiency and accuracy across the team.
• Develop and refine tools for Underwriters to monitor their portfolios.
• Cross-Functional Collaboration: Partner with Claims and Risk Management teams to align reinsurance strategies with emerging loss trends and ensure optimal recovery outcomes.
• Regulatory and Compliance Support: Ensure outwards reinsurance programs comply with regulatory requirements and provide necessary data and analysis for audits or regulatory reviews.
• Benchmarking and Peer Analysis: Perform benchmarking studies against peer companies to evaluate the competitiveness of reinsurance pricing and terms.
• Catastrophe Model Integration: Collaborate with catastrophe modelling teams to incorporate model outputs into reinsurance pricing and portfolio optimization strategies.
• Reinsurance Program Design: Assist in designing innovative and bespoke reinsurance programs that align with the Group’s strategic goals and risk appetite.
• Prepare and deliver presentations for stakeholders, including senior management, reinsurance partners, and investors.
• Collaborate with Underwriters and Planning Teams to combine inwards plans with optimized PML and capital deployment strategies.
• Maintain and monitor the business plan, ensuring senior management and outwards partners are informed of any deviations.

Skills & experience

• Minimum of 5 years of experience in a London Market or reinsurance pricing discipline.
• Delivery focused, with excellent interpersonal skills.
• Effective communication and engagement abilities with experience of working directly with underwriters or brokers.
• Proficient in supporting outwards reinsurance structuring and pricing.
• Strong Excel skills are essential.  Programming proficiency in Excel, Python, R are desirable.
• Demonstrated ability to combine technical analysis with judgment to provide insights for commercial decision-makers, while appropriately considering analytical limitations.
• Ambitious, interested, and curious.

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: FID01248