Senior Pricing Actuary - Casualty Reinsurance

Job summary

The Senior Pricing Actuary will lead pricing support for Casualty Reinsurance (North America and International) across London and international offices, managing a direct report. The role provides broad pricing support across all Treaty divisions and the Partnerships & Innovation team, working closely with divisional actuaries and colleagues across Property and Specialty Reinsurance to balance workloads, share expertise, and promote consistent pricing approaches.

The role is responsible for contributing to pricing KPI reporting and performance management for the Casualty Reinsurance portfolio, including reporting and presenting insights to Underwriting Committee level.

As a highly collaborative, underwriter- and client-facing position, the Senior Pricing Actuary will support broker and reinsurer negotiations, provide individual case pricing expertise, lead the development of pricing models, enhance portfolio analytics capabilities, and drive strategic and pricing innovation initiatives. The role will also provide pricing support across other classes of business and Group-wide projects as required.

The successful candidate will bring excellent technical pricing expertise, alongside excellent project management and communication skills, enabling them to effectively support brokers and clients, manage multiple workstreams, influence stakeholders, drive new initiatives, and deliver clear and impactful reporting.

Based within the London Pricing team, the Senior Pricing Actuary will work closely with underwriting teams and fellow pricing actuaries under the leadership of the Reinsurance Pricing Manager and Head of Pricing.

 Main duties

Develop, support and provide oversight across pricing activities, working collaboratively with the Head of Pricing, Reinsurance Pricing Manager and other Pricing Actuaries. To include:

• Account pricing and underwriter support for broker and reinsurer negotiations
• Contributing to the Preparation of quarterly reports up to Underwriting Committee level ensuring that any deviations from targets are explained effectively and succinctly
• Line management of one direct report
• Outwards reinsurance optimisation
• Pricing model and other tool development, in line with Actuarial pricing frameworks and technological solutions
• Pricing analytics and MI development and making use of available data to support risk selection and portfolio optimisation more generally
• Support for deep dives, model usage reviews, portfolio monitoring / steering
• Train underwriters in use of models, review their work and supervise model development by underwriting staff
• Ensure alignment of pricing with evolving exposure management practices and ‘Own View of Risk’ frameworks. Provide input into the development of modelling approaches where appropriate
• Development of a deep understanding of the Treaty classes, trends and underwriting team strategies
• Keep abreast of industry initiatives, provide thought leadership, develop new pricing/visualisation techniques and best practice where opportunities arise
• Work collaboratively with underwriters, the pricing team and underwriting management
• Present and share knowledge with the wider Actuarial team on pricing approaches
• Assistance for other pricing team activities as required
• Project management of more junior team members & actuarial contributions to cross functional projects

Skills and Competencies

• Extensive London Market pricing experience

• IT skills, including comprehensive knowledge of Excel

Desirable  

• Project Management and Management experience
• Reporting experience to Senior Management
• Predictive analytics working with large datasets
• Python, SQL, VBA, R, SQL, Python

Education

• Qualified Actuary (FIA)
• 2.1 or 1st degree in Mathematics or Mathematics-related subject (e.g. Physics, Engineering, Statistics)
• 3 or more ‘A’ levels, including Maths  

Personal Attributes

• Stakeholder and project management skills
• Interpersonal, verbal and written skills
• Able to collaborate, work as a team and communicate with staff at all levels
• Intellectually curious and results-oriented with a strong sense of responsibility
• Attention to detail
• Self-motivated, hard-working and committed
• Flexible and adaptable approach

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.