Senior Catastrophe Modeller recruitment

Overview

The client in question is a specialist (non-Lloyds) reinsurance company in the London market. Historically, they have not had a centralised cat function in London, with the work being done by underwriters with some cat modelling ability. This has led to a variety of standards in how treaties are priced and they are currently going through a transformational programme to change that. What that entails on a practical level are two things:
1) Hiring a cat team, from scratch, in London, and this is envisioned to be compose of one "leader" plus one or two "analysts"
2) Once the team has been hired, the people coming in will need to create a framework for cat pricing / modelling, and this means creating processes (again, from scratch), designing rules and interactions etc

This is led by the Global Head of Cat Modelling (who is based in New York) and her vision is to have solid core of skilled cat modellers in London that can price London business BUT who will also be trained (and expected) to price business from other markets (eg US, Japan). The idea being that anyone from any office can price business in any territory if needed.

Responsibilities:

• Prepare data for importing into catastrophe models and perform modelling analyses of individual catastrophe excess, pro rata and per risk programs

• Liaise with the underwriting department on review and interpretation of the modelling output, pricing of reinsurance of contracts and added analytics based on catastrophe model results

• Interact with peers within brokers and client companies to ensure clear understanding of data requirements, quality and completeness of data provided, and interpretation of modelling results

• Participate in research and development activities within the global cat modelling team in support of testing, training and deployment of updates and new models

• Continuously enhance the catastrophe modelling function, and contribute towards the development of an integrated and efficient modelling workflow both from pricing as well as data reporting into the global risk aggregation processes

Requirements Experience:

• Bachelor or a Master’s degree in engineering, math or applied science

• Minimum of 5 years’ experience in catastrophe reinsurance modelling in a similar role

• Must have experience working in a multi-model environment, specifically RMS and AIR

• Insurance and reinsurance knowledge and understanding of policy and contract terms, with an ability to properly interpret and specify these in catastrophe models

• Solid knowledge of Excel/VBA Macros, Access and SQL with hands on experience querying client property insurance databases

• Strong work ethic and commitment to meet deadlines

• Ability to work in a fast paced team environment with rapidly changing priorities and demands

Interested applicants should contact Michael Stefan at michael.stefan@hanoversearch.com