Lead Casualty Pricing Actuary

Lancashire Group; Hamilton; On-site; GBP 80,000 - 120,000; Full time

Job summary

A prominent insurance company is seeking a Lead Casualty Pricing Actuary to join their Casualty Underwriting team. The ideal candidate must be a qualified actuary with over 10 years of experience in casualty (re)insurance, specifically in pricing for the US market. Responsibilities include developing pricing models and assisting with daily pricing for accounts. This role requires strong communication skills and the ability to work flexibly to meet business needs. Join a company that values transparency, collaboration, and a strong work ethic.

Qualifications

• Minimum 10 years’ experience in the casualty (re)insurance field with a focus on pricing.
• Experience pricing for the US Casualty market is essential.
• Ability to work flexibly to meet business needs.

Responsibilities

• Assist design and development of pricing models for competitive advantage.
• Ensure models are parameterised using latest claims and market data.
• Assist with day-to-day pricing of accounts for the casualty book.

Skills

Pricing models development

Risk management tools usage

Communication with stakeholders

Courage of conviction

Understanding of insurance accounting

Education

Qualified actuary (FIA/FCAS or equivalent)

Job description

Lead Casualty Pricing Actuary

Lancashire Insurance Company Limited, a member of the Lancashire Insurance Group, is seeking a Lead Casualty Pricing Actuary to join our Casualty Underwriting team. The successful candidate will be a detailed oriented, qualified actuary capable of effectively leading Casualty reinsurance pricing which includes model building, model parametrisation, case pricing, portfolio analysis and other day to day tasks.

Department

Underwriting

Location

Bermuda

Key Responsibilities

• Assist with design and development of pricing models to optimize competitive advantages and support corporate objectives
• Ensure models are accurately parameterised using latest claims and market data
• Assist underwriting team with day-to-day pricing of accounts for the casualty book of business
• Complete data requests related to reinsurance renewal efforts
• Assist the actuarial team with assumptions to inform the reserving process and reserve variability calculations
• Completes other actuarial duties as assigned

Skills, Knowledge And Expertise

• Associate or Qualified actuary (FIA/FCAS or equivalent).
• At least 10 years’ experience in the casualty (re)insurance field with a focus on pricing.
• Experience pricing for the US Casualty market is essential.
• Evidence of the ability to maintain independence of thought and courage of conviction to always ensure objectivity.
• Ability to use appropriate risk management tools, systems and resources.
• Ability to communicate and interact with all levels of the organisation and external stakeholders, including being able to explain risk issues both in practical business language as well as in technical risk concepts.
• General understanding of insurance accounting and Company financial statements.
• Strong work ethic and the ability and willingness to work flexibly to meet business needs including extended hours, including weekends, as required.

The Lancashire Way

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.

Straight-talking

We feel empowered to share thoughts and ideas, because everyone’s voice matters.

Collaborative

We work together towards common goals, share knowledge and support each other.

Hard-working

We all have a stake in the company’s success and are proactive in contributing to our goals and vision.

Responsible

We focus on achieving tangible results with consistent standards across the Group.

Positive

We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.