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 Specialty pricing function supports the underwriting of Aviation, Marine, Contingency and Space class of business across The Fidelis Partnership.
Specialty lines are a key strategic area for Fidelis, and this will provide the successful candidate with strong career progression opportunities and enablement to deliver effectively. The role requires a good understanding of deal structures, the ability to analyse complex data, and proficiency in developing custom stochastic and Bayesian models.
Key accountabilities
Developing and delivering pricing tools and models to the underwriting team for new and existing product lines across.
Perform portfolio analysis, generate KPIs and identify areas of portfolio optimisation to increase profitability whilst meeting client’s needs.
Building and maintaining effective working relationships with underwriting, outwards reinsurance, contract wordings, exposure management and risk teams.
Working with underwriters to deliver Fidelis strategy, managing underwriter results by monitoring experience vs plan and delivering pricing recommendations in periodic rating/performance reviews.
Prepare presentations for stakeholders, including senior management, reinsurance partners and investors.
Working with exposure management and risk teams to monitor aggregations to war, natural catastrophe perils and other systemic events and how they may affect specialty lines.
Facilitate horizon scanning across the pricing team – ensure we have a line of sight on all issues which may impact the portfolio and profitability.
Help price and review large deals efficiently and provide tangible underwriting changes.
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 & other projects as required.
Skills & experience
Qualified actuary (Associate or Fellow).
Familiar with Lloyd’s of London pricing & business planning processes
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, Hx or similar.
Strong attention to detail with the ability to turn analysis into clear, actionable recommendations.
High levels of awareness of all commercial insurance and reinsurance classes of business, market conditions, performance indicators, and technical valuation techniques.
Highly results driven, with energy and drive to succeed in very fast-paced environment where flexibility and response times are crucial.
Advanced user of Microsoft Excel, including stochastic modelling in Excel or in another tool.
Experience of using SQL, Python, Power BI, etc. for data handling and modelling / analysis are 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.
