Actuarial Contractor

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 Partnerships pricing function supports the underwriting of portfolios through our in-house Pine Walk MGA incubator platform and external delegated authority relationships.

We utilise the expertise of Fidelis Partnership's product line pricing and catastrophe modelling teams and provide strategic support and data-driven analytical insights and help to manage key underwriting relationships. The Partnerships business is truly multi-line, writing insurance and reinsurance business across a number of property and specialty classes, niche and esoteric risks, and to both large commercial organisations through to SMEs.

Key accountabilities

• Support Pine Walk MGU underwriting cells, including analysing key underwriting KPIs and presenting findings at monthly and quarterly performance meetings.
• Review new MGA business opportunities (Pine Walk and non-Pine Walk) and evaluate price adequacy and profitability of existing portfolios.
• Lead modelling, analysis, and strategic input for outwards reinsurance purchasing decisions across Pine Walk MGU cells and other MGA/delegated relationships; assess reinsurance effectiveness, alternatives, and pricing in partnership with the capital modelling team to evaluate capital and risk implications.
• Conduct portfolio reviews to ensure coverholders operate within agreed risk appetites and underwriting mandates; profile key business features and exposures, assess historical and current profitability, and recommend improvements whilst maintaining client needs.
• Collaborate with Fidelis product line pricing and modelling teams across property, specialty, and credit/bespoke lines.
• Coordinate Pine Walk pricing and reporting, including Lloyd's requirements, model deployment, governance reviews, and performance reporting to management.
• 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 activity as required.

Skills & experience

• Qualified actuary (Associate or Fellow).
• 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, and R or similar.
• Strong attention to detail with the ability to turn analysis into clear, actionable recommendations.
• Innovative thinker who balances technical and commercial considerations.
• Combines technical analysis with sound judgement to deliver insights for decision-makers.
• Proactive, quick learner with a strong work ethic and solution-focused approach.
• Effective communicator with experience engaging underwriters and brokers.
• Skilled at prioritising, meeting tight deadlines, and identifying key issues for smart decisions.
• Communicates analytical limitations constructively and collaborates to improve data and analysis.