Reinsurance Actuary

TN United Kingdom; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading insurance company is seeking a Reinsurance Actuary to support its innovative reinsurance strategies. The successful candidate will analyze reinsurance pricing, engage with brokers, and contribute to data-driven decision-making in a collaborative environment. This role offers a competitive salary, comprehensive benefits, and opportunities for professional growth.

Benefits

Comprehensive Health & Wellness Coverage

Generous Pension Plan

28 Days of Paid Annual Leave

Professional Growth & Development

Travel & Commuting Perks

Wellness & Fitness Benefits

Flexible Work Arrangements

Qualifications

• Excellent mathematical and analytical skills.
• Strong oral, written and interpersonal communication skills.
• Successful completion of degree in a quantitative field.

Responsibilities

• Conduct reinsurance pricing analysis for new and renewal accounts.
• Engage with reinsurance broker partners on submissions.
• Monitor performance of existing transactions quarterly.

Skills

Mathematical skills

Analytical skills

Data analysis

Communication skills

Education

Degree in Actuarial Science, Economics, Finance, Risk Management, Mathematics

Tools

Python

R

Microsoft Office

Job description

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Domiciled in Bermuda, with offices in London, Miami, New York and Dubai, Relm Insurance Ltd. (“Relm”) is the first IIGB (Innovative Insurer General Business) insurer regulated by the Bermuda Monetary Authority (“BMA”). Since inception, Relm has remained focused on its Vision of “Making Innovation Resilient” by providing insurance to companies pioneering new technology frontiers in over 35 countries around the world. Relm’s dynamic global team has executed market-leading insurance solutions for companies operating in web3, AI, financial technology, biotech and other important emerging sectors.

WHAT WE ARE LOOKING FOR

At Relm Insurance Ltd, our Mission is “To contribute to the building of the future by creating solutions for complex risks in innovative markets.” As we continue leading the way in emerging industries, we’re looking for a Reinsurance Actuary to join our team and play a key role in this mission.

At Relm, we believe in fostering a diverse and inclusive culture, where everyone is empowered to bring their unique perspectives and ideas. Our core values of Accountability, Collaboration, Curiosity & Creativity, and Courage & Optimism are central to who we are, and we strive to bring these values to life every day.

We bring these values to life every day — whether by collaborating on innovative solutions, tackling challenges with optimism, or pushing boundaries with creativity and courage.

The Reinsurance Actuary will be responsible for supporting the Reinsurance team with Relm’s Inwards and Outwards Reinsurance strategies, as well as providing support for Relm’s alternative reinsurance strategies.

This role will require a solution-oriented individual who approaches problems not just analytically, but also creatively and enthusiastically. Relm is a growing organisation that relies on collaboration across our different departments and functions, the ideal candidate must be comfortable interacting effectively with other departments in a professional and efficient manner.

WHAT YOU WILL DO

• Reinsurance pricing analysis of individual new and renewal Inwards Reinsurance Accounts
• Engage with reinsurance broker partners on new and renewal business submissions
• Monitor individual performance of existing bound Inwards transactions quarterly
• Profitability analysis and monitoring of whole Relm Re Inwards portfolio (AvE, portfolio management modelling, etc.)
• Support the build-out of reporting MI tools to deliver accurate and timely Inwards portfolio data and analytics to internal and external partners (management, board, reinsurers)
• Effectively communicate complex analytics in a digestible format to internal stakeholders
• Work with senior members of the team to identify the most optimal use of RELM reinsurance capacity, deployed via treaty and facultative opportunities; fronted business, program business, traditional cedants and captives; commutations/novations and loss portfolio transfers
• Participate in new product development initiatives, alternative reinsurance solutions

OUTWARDS

The Reinsurance Actuary will contribute to Relm’s Outwards strategy across all insurance lines (both on new and renewal ceded reinsurance treaties, and facultative placements).

In this role you will:

• Support data preparation and analysis for Relm’s reinsurance submission
• Perform statistical optimization analysis on Relm’s Insurance portfolio, ensuring our reinsurance strategy (and alternative risk transfer solutions) support the overall business strategy and goals
• Facilitate or participate in quantitative actuarial profitability and impact analyses, across all lines of business
• Develop an understanding of catastrophe modelling concepts (to the extent applicable for Relm’s portfolio)
• Assist in maintaining updated contract documentation and reinsurance bordereaux for external partners and distribute appropriately

GENERAL

• Remain current with insurance product/line of business changes and reinsurance industry trends
• Understand and monitor (re)insurance market trends, risk landscape and regulatory developments that may affect business and pricing
• Understand and monitor key opportunities for Relm as an IIGB licence holder and how the use of digital assets can create new opportunities (pricing of new products, alternative reinsurance structures, collateralized reinsurance backed by digital assets)
• All other duties as required

Requirements

WHAT YOU BRING TO THE TABLE:

• Excellent mathematical and analytical skills
• Exceptional organizational skills to handle multiple projects and ability to work independently
• Ability to adjust priorities and tasks based on business needs
• Strong oral, written and interpersonal communication skills
• Data analysis experience using either Python or R
• Proficiency with Microsoft Office suite of products including Excel, Outlook, Teams, Word and PowerPoint
• Must possess ability to express ideas effectively and persuasively and produce error free written documents
• Ability and willingness to work with others in all departments in an effective and efficient manner to accomplish team and company goals and objectives
• Successful completion of degree in Actuarial Science, Economics, Finance, Risk Management, Mathematics or some form of Quantitative degree

Preferred requirements:

• Demonstrated reinsurance underwriting/actuarial acumen, evidenced by at least 2 years of industry experience
• Partly Qualified / Nearly Qualified Actuary and working towards Actuarial Qualification
• Ability to analyse and interpret insurance and reinsurance contracts
• Knowledge of policy terms and criteria for the application of reinsurance treaties and facultative certificates

PHYSICAL REQUIREMENTS

• In-office position based in London, with future potential to relocate to another Relm office (Bermuda, Miami, New York) subject on business requirements
• Travel as required

WHAT WE OFFER

• Comprehensive Health & Wellness Coverage: We fully cover 100% of your supplemental health, dental, vision, disability, and life insurance plans, so you can focus on what matters most—your health and well-being.
• Generous Pension Plan: Enjoy peace of mind with a 10% employer contribution to your pension, securing your future while you excel in your role.
• 28 Days of Paid Annual Leave: Take time to recharge with 28 days of vacation, because we believe in work-life balance.
• Professional Growth & Development: We invest in your growth through continuous training, development programs, and mentorship opportunities to help you reach your full potential.
• Travel & Commuting Perks: Benefit from travel incentives, including commuting and parking support, so you can get to work with ease.
• Wellness & Fitness Benefits: Stay fit and healthy with gym memberships and access to exercise classes—because we care about your well-being.
• Your Voice Matters: Work in an environment where your ideas and opinions are not just heard but valued—helping shape the success of our team.
• Endless Growth Opportunities: We offer multiple pathways for career advancement and personal development, ensuring you have the resources to grow within the company.
• Flexible Work Arrangements: Enjoy a hybrid work environment that supports your career while offering the flexibility you need for a family-friendly lifestyle.

At Relm, you won’t just join a company - you’ll be part of a team that’s shaping the future. If you’re ready to make an impact, we’d love to hear from you.