Actuarial Analyst
Hannover Re, with gross reinsurance revenue of EUR 24.5 billion, is one of the world's leading reinsurers. Through its network of more than 170 locations worldwide and a total workforce of roughly 3,900, it transacts all lines of Property & Casualty and Life & Health reinsurance.
In Bermuda, the core subsidiary Hannover Re (Bermuda) Ltd. is a BMA regulated dual license reinsurer and has a focus on property catastrophe reinsurance contracts, mainly on an excess of loss basis, as well as on life & health business, mainly financial solutions. Hannover Re (Bermuda) Ltd. is a core part of Hannover Re and strategically operates as the Centre of Excellence for natural catastrophe risks.
We are currently seeking applicants for our ACTUARIAL ANALYST position reporting to the Head of L&H Corporate Actuarial. This role is responsible for valuation, documenting, reporting and monitoring of existing and new treaties for the Company’s reinsurance portfolios. The focus of these activities is on risk management tasks. The employee shall also undertake such additional or other duties as the Company may reasonably require from time to time. Key duties will include the following:
Main Responsibilities:
- Analyzing, modeling and monitoring of risk through the Company’s business activities.
- Reporting and valuation of the reinsurance portfolio to fulfill reporting duties in accordance with current processes.
- Supporting the CRO in compiling and evaluating the risk management reports to meet Group and local regulatory standards.
- Coordinate meetings for the Risk Management Working Group/ Risk Committee.
- Support the quarterly value valuation process for Solvency II and IFRS reporting.
- Contribute to the development and enhancement actuarial valuation and analysis models.
- Monitoring performance of existing treaties.
- Maintaining of a strong relationships with Pricing and Financing Department and other entities of Hannover Re.
Requirements:
- Bachelor’s degree or equivalent qualification in Mathematics, Computer or Actuarial Science.
- Actuarial certification (or working towards) along with a minimum of two years’ experience.
- Knowledge and good understanding of Risk Agility FM, R, SQL, Power BI and VBA.
- Excellent organizational and time-management skills.
- Demonstrated ability to work independently on complex analytical problems while supporting broader team objectives.
- Strong written and verbal communication skills, with the ability to interact effectively with the Pricing and Financing Teams and other internal and external stakeholders.
- High attention to detail, strong work ethic and flexibility to work additional hours during peak business periods as needed.
Hannover Re (Bermuda) Ltd. is an equal opportunity employer. Qualified persons should apply by 31 May 2026. No need to upload a photo – it won't impact your application. All applications will be held in the strictest of confidence.