Catastrophe Risk Analyst

Fidelis Partnership; Hamilton; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance firm in Hamilton is seeking a Catastrophe Risk Analyst to support the Actuarial team. This position requires expertise in pricing reinsurance loss contracts and requires a university degree in a relevant field. Candidates should have a strong analytical background, with knowledge of catastrophe modeling, strong Excel skills, and a minimum of 3 years' experience in the industry. This role offers a collaborative work environment focused on innovation and results.

Qualifications

• Minimum 3 years’ experience running catastrophe models and pricing risks.
• Strong academic background and mathematical acumen.
• Experience in property treaty, specialty, and terrorism modelling techniques.

Responsibilities

• Perform pricing of catastrophe reinsurance loss contracts.
• Identify model inconsistencies and adjust accordingly.
• Explain cat modeling concepts to support informed underwriting.

Skills

Data analytics

Catastrophe modeling

Strong Excel skills

SQL knowledge

Critical thinking

Education

University degree in Mathematics, Science or Economics

Tools

DFA models like Remetrica, Metarisk and Igloo

Verisk models and software including Verisk Touchstone

Job description

The Fidelis Partnership is a leading specialty, bespoke and (re)insurance business. We have built our name on a 40-year track record of outperformance, and we continue to beat the market in our underwriting and returns. More information on The Fidelis Partnership can be found at www.fidelispartnership.com

The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.

Role Overview

The Catastrophe Risk Analyst will provide support to the Actuarial team, be responsible for assisting the Portfolio Analysts with the reinsurance deal pricing process, assist with accumulation reporting and portfolio roll up, and complete ad hoc projects as required. We are open to exploring candidates at both a more junior and a Senior level for this position.

Role Responsibilities

• Provide data analytics and price catastrophe reinsurance loss contracts using a combination of cat modelling results and cedant historical experience
• Identify areas where models can over/understate risk and make appropriate adjustments
• Explain cat modeling concepts and results to underwriters to inform decision making
• Evaluate cedant exposure data and highlight inconsistencies in exposure information
• Assist with the composition of retro submission packs under the direction of underwriters
• Work with underwriters and IT to ensure that analysis and reporting methodologies are constantly evolving and adapting to new technologies and market conditions

Skills & Experience

• University degree, preferably in Mathematics, Science or Economics
• Strong academic background and mathematical acumen
• Minimum 3 years’ experience running catastrophe models and pricing risks
• Knowledge of modelling techniques across multiple lines of business including Property Treaty, Specialty and Terrorism
• Strong Excel skills including VBA; SQL knowledge
• High attention to detail and ability to multi-task and prioritise own work against needs of business
• Must be a strong critical thinker who can interrogate the data to ensure it makes sense and provide challenge when required
• Must be able to self-lead and work effectively both independently and with teams
• Demonstrated ability to deliver accurate and thoughtful work within tight deadlines and/or while working extended hours
• Experience of DFA models like Remetrica, Metarisk and Igloo
• Strong knowledge of Verisk models and software including Verisk Touchstone and Touchstone Re
• Research interests in climatological, meteorological or seismic sciences
• Understanding of return on equity calculations and portfolio optimization considerations

The Fidelis Partnership Ethos

• Results – We want to be the best at the things we care about, so we focus on profitability over volume, with responsive decision‑making and clear prioritised accountability.
• Innovate – We aspire to lead the market in providing the services and products our clients need, and to drive change in the broader impact our industry has on human rights, society, and environmental sustainability.
• Include – We create an environment where employees can bring their whole self to work, with open communication where everyone, irrespective of gender, ethnicity, sexual orientation or background, feels able to contribute ideas and be recognised and rewarded for their contribution
• Unite – We operate as a team of individual talents that actively seeks to reflect the diversity of the societies in which we operate, giving our business the widest range of inputs and perspectives.
• Respond – We work in a business exposed to sudden shocks and changes – elemental, political, economic and human – so we remain nimble and ready for change.

Seniority level

• Mid‑Senior level

Employment type

• Full‑time

Job function

• Analyst

Industries

• Insurance