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 incubator 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.
Key accountabilities
Manage Pine Walk MGU underwriting cells, including analysing key underwriting KPIs and presenting findings at monthly and quarterly performance meetings.
Review new MGA business opportunities (Pine Walk and non-Pine Walk) and evaluate price adequacy and profitability of existing portfolios.
Lead modelling, analysis, and strategic input for outwards reinsurance purchasing decisions across Pine Walk MGU cells and other MGA/delegated relationships; assess reinsurance effectiveness, alternatives, and pricing in partnership with the capital modelling team to evaluate capital and risk implications.
Conduct portfolio reviews to ensure coverholders operate within agreed risk appetites and underwriting mandates; profile key business features and exposures, assess historical and current profitability, and recommend improvements whilst maintaining client needs.
Collaborate with Fidelis product line pricing and modelling teams across property, specialty, and credit/bespoke lines.
Coordinate Pine Walk pricing and reporting, including Lloyd’s requirements, model deployment, governance reviews, and performance reporting to management.
Calculate profit commissions in accordance with contractual terms.
Enhance data quality and infrastructure; develop tools to visualise and interrogate information for better understanding of policy exposures and claims drivers.
Perform sensitivity analysis on open claims to provide an early warning of ultimate claim movements and apply the same approach for renewal pricing analyses.
Support business planning activities.
Skills & experience
Qualified actuary (Associate or Fellow).
Demonstrated ability to apply actuarial expertise with a strong commercial mindset, combining technical knowledge with practical business insight.
Strong awareness of all commercial insurance and reinsurance classes of business, market conditions, performance indicators, and technical valuation techniques.
Advanced proficiency in Microsoft Excel.
Experience with SQL, Python, and R or similar.
Strong attention to detail with the ability to turn analysis into clear, actionable recommendations.
Innovative thinker who balances technical and commercial considerations.
Combines technical analysis with sound judgement to deliver insights for decision-makers.
Proactive, quick learner with a strong work ethic and solution-focused approach.
Effective communicator with experience engaging underwriters and brokers.
Skilled at prioritising, meeting tight deadlines, and identifying key issues for smart decisions.
Communicates analytical limitations constructively and collaborates to improve data and analysis.
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.
