About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).
About Pricing
Our Pricing team is a collaborative global team of pricing analysts and actuaries tasked with building a complete and consistent view of risk for reinsurance transactions across the organisation. We work closely with our underwriting teams to deliver accurate and insightful analysis alongside the development of loss estimates for individual transactions. From analysing large datasets to developing bespoke methodologies, we are responsible for handling a wide range of tasks with precision, expertise, and professionalism. Emphasizing teamwork, continuous learning, and innovation, we stay at the forefront of industry best practices to adapt to changing market dynamics.
About the Position
Reporting within the actuarial team based in London. We believe that meeting these requirements will position you for success in the role. However, if you meet most – but not all – of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
Key Responsibilities
- Working very closely with actuaries and underwriters to perform the necessary qualitative and numerical analysis on Casualty deals, leading to underwriting recommendations
- Communicate pricing results effectively to underwriters and senior management
- Collaborate with the actuarial teams across the global casualty organisation and follow consistent pricing practices and approaches
- Compile, clean, and interrogate data from internal and external data sources
- Use RenaissanceRe pricing tools to help improve the selection and pricing of risks
- Assist on portfolio-wide and class-specific projects
- Contribute to the mission of the organization by implementing its operational plans and strategies and advocating for its corporate values and culture
Candidate Qualifications:
- A University degree with emphasis on mathematics, statistics, economics, finance or a similar field, with a minimum grade of 2.1
- Expectation of, or currently active in, studying towards professional actuarial qualifications such as FIA / FFA or FCAS
- Proficient knowledge of probability and statistics
- Strong computer skills desired, in particular MS Excel and PowerBI
- Programming knowledge desirable (e.g. R, Python, SQL, or VBA), with a focus on data manipulation and automation
- Strong communication skills with the ability to explain technical information to different audiences
- Strong analytical skills; problem-solving through a numerical, structured, logical approach and an ability to work under pressure and to meet challenging deadlines
- An ability to solve complex issues with pragmatic solutions
- Challenges the status quo and identifies innovative solutions to solve problems and improve work process
At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenRe’s policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Skills Required
- University degree in mathematics, statistics, economics, finance or similar
- Studying towards professional actuarial qualifications such as FIA / FFA or FCAS
- Proficient knowledge of probability and statistics
- Strong computer skills in MS Excel and PowerBI
- Programming knowledge in R, Python, SQL or VBA
- Strong communication skills
- Strong analytical skills and problem-solving ability
What We Do
RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving. Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval. We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild. Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives. RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business
