Pricing Actuary – QBE Capital
Bermuda
The Opportunity
Are you a pricing actuary looking to deepen your impact within a capital‑driven reinsurance platform at the centre of a global insurance group?
QBE is recruiting a Pricing Actuary to join QBE Capital, the Group’s internal reinsurer. This role sits at the heart of underwriting, capital allocation and reinsurance decision‑making, supporting both internal and third‑party business. With QBE Capital continuing to evolve through new structures, expanded licensing and innovative transactions, this role offers the opportunity to work on high‑profile initiatives while building strong relationships with brokers and senior stakeholders.
About QBE
At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch.
We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.
What if you could have a positive impact – at work and in the world? As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind.
Your new role
Reporting to the Chief Actuary for QBE Capital, you will be responsible for managing the technical pricing process for QBE Capital, supporting underwriting decisions across both inwards and outwards reinsurance.
QBE Capital writes approximately $3bn GWP per annum and plays a key role in the Group’s exposure and capital management. It has recently received an expanded licence to underwrite third‑party business and has been central to major initiatives including the QBE Casualty Sidecar and recent loss portfolio transfers. As QBE Capital continues its journey, this role will support new projects, evolving structures and increased analytical sophistication.
Key responsibilities include:
Developing and maintaining best‑practice technical pricing standards, aligned with Group Pricing Standards
Producing technical premiums consistent with business plans and the Economic Capital Model
Supporting underwriting teams with pricing insight and broker negotiations for both internal and external reinsurance
Maintaining high‑quality, auditable and transparent pricing tools, assumptions and documentation
Monitoring market conditions and emerging pricing techniques to support portfolio performance reviews
Providing management with an objective view of pricing adequacy, including comparison to prior years and market benchmarks
Supporting optimisation of internal reinsurance structures through application of regulatory, economic capital and broker benchmarking insight
Communicating complex technical concepts clearly to a wide range of internal and external stakeholders
There will be periods of increased workload aligned to renewal cycles and project activity, and the role requires flexibility and resilience during peak periods.
About you
Qualified or nearly qualified actuary with experience in pricing or reinsurance
Strong technical pricing capability, with the ability to adapt to new projects and build practical solutions
Experience working closely with underwriters and engaging confidently with brokers
Comfortable explaining complex analysis to a range of stakeholders
Proactive, organised and able to manage competing priorities in a dynamic environment
Willing and able to be based in Bermuda
+5 years relevant work experience
Benefits
You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally. We offer an extensive choice of other options to suit you!
Awards & Recognition
We value our employee’s experience with us and are proud to have been recognised for the following awards:
Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance
AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee
To learn more about our achievements, click here
Apply now and let’s make it happen!
If you’re looking for a career that combines your expertise and your empathy, click Apply today.
Your career. At the heart of it.
Skills:
Actuarial Science, Analytical Thinking, Collaboration Tools, Communication, Critical Thinking, Customer Service, Data Quality Assessments, Intentional collaboration, Managing performance, Price Modelling, Pricing Strategies, Programming Languages, Research Analysis, Risk Management, Working IndependentlyApplication Close Date: 10/04/2026 11:59 PMHow to Apply:
To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
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What We Do
QBE Insurance Group is one of the world's top 20 general insurance and reinsurance companies, with operations in all the key insurance markets. QBE is listed on the Australian Securities Exchange and is headquartered in Sydney. We employ more than 11,000 people in 27 countries.
