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
Fidelis Underwriting is a leading specialty (re)insurer with offices in Dublin, London, Abu Dhabi, and Bermuda. Writing on behalf of Fidelis Insurance Group and a range of capital providers through long-term binder agreements, Fidelis has established itself as one of the fastest growing and most innovative players in the London Market.
Our actuarial and portfolio management function is central to that growth. We work at the heart of the business — directly influencing underwriting, reinsurance strategy, and capital deployment. With market-leading systems and an ambitious vision for data-driven decision-making, the team has a direct line into senior management and plays a pivotal role in shaping Fidelis’ future.
Reporting to the Group Head of Portfolio & Exposure Management, the Head of Cat Risk/Portfolio Management will play a senior role in maintaining and further optimising Fidelis’ portfolio across property and specialty lines. The role offers the opportunity to combine deep technical analysis with commercial judgement, directly influencing underwriting strategy, reinsurance purchasing, and capital efficiency.
This is a high-visibility position, interacting with underwriters, brokers, senior executives, and external stakeholders including reinsurance partners and investors.
Key accountabilities
Portfolio Leadership – Own inwards portfolio modelling across property and specialty lines (direct and reinsurance), ensuring accurate roll-up and actionable insights for capital deployment.
Strategic Integration of Catastrophe Models – Challenge and collaborate with the catastrophe modelling teams to embed model outputs into pricing, portfolio optimisation, and reinsurance strategy.
Reinsurance Innovation – Lead case pricing and support the design of bespoke outwards reinsurance programs that deliver cost efficiency, capital relief, and strategic alignment.
Commercial Insight – Work directly with underwriters to combine business plans with portfolio PML optimisation, ensuring profitable growth and efficient use of capital.
Business Planning & MI – Maintain and monitor the business plan, providing timely and strategic analysis to senior management, reinsurance partners, and investors.
Process & Tool Development – Drive automation and build tools for underwriters and portfolio managers, enhancing efficiency and decision-making.
Cross-Functional Collaboration – Partner with Claims and Risk Management to align reinsurance structures with emerging loss trends and maximise recovery outcomes.
Regulatory Confidence – Ensure portfolio reporting and analysis meet regulatory standards and support audit/review processes.
Skills & experience
Essential:
At least 10 years’ actuarial experience in the London Market or reinsurance pricing.
Deep understanding of catastrophe models — including their strengths and limitations — and ability to integrate outputs into commercial decisions.
Proven track record in outwards reinsurance pricing and structuring.
Excellent communication skills with the ability to engage credibly with underwriters, brokers, reinsurers, and senior executives.
Evidenced management of a team in a similar or related discipline.
Strong technical skills (Excel essential; SQL, Python, R desirable).
Demonstrated ability to translate technical analysis into strategic, commercially relevant insights.
Desirable:
Experience as a capital or outwards RI pricing lead.
Evidence of delivering innovation through automation, tooling, or process improvement.
Strong ambition, intellectual curiosity, and a collaborative mindset.
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.
