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Risk Actuary

Reference Number:  3234
Contract Type:  Regular
Working Time:  Full-Time

Hannover Re – as one of the world’s leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow.
Our strength?
Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products.
Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next.

Sounds good? Get to know us as a reliable employer and find your place with us.

In Bermuda, the core subsidiary Hannover Re (Bermuda) Ltd. is a BMA regulated dual license reinsurer. The Company focuses on property catastrophe reinsurance contracts as well as life & health business, mainly financial solutions. We are currently seeking applicants for our RISK ACTUARY position reporting to the Head of L&H Corporate Actuarial. This role is responsible for supporting the delivery, development and governance of the Company’s actuarial reporting, risk management, capital management and financial reporting framework. The role encompasses actuarial valuation, model development, governance and technical oversight across IFRS 17, Solvency II, Bermuda regulatory, rating agency and internal economic capital frameworks.

Responsibilities:

  • Deliver quarterly actuarial reporting across IFRS 17, Solvency II, Bermuda regulatory, rating agency and internal capital frameworks.
  • Provide support in delivering the technical activities of reinsurance portfolios, including valuation methodology, assumption setting, ongoing monitoring and implementation of new reinsurance transactions.
  • Develop and enhance actuarial models, reporting systems and analytical tools.
  • Support actuarial governance, model validation and regulatory compliance.
  • Partner with Business Development, Finance, Risk Management, auditors and Group functions to provide actuarial insight, technical advice and support strategic decision-making.
  • Analyse financial results and communicate key drivers and insights to stakeholders.
  • Drive continuous improvement through automation, innovation and the adoption of best practice.
  • Contribute technical expertise through knowledge sharing, project delivery and collaboration across the Corporate Actuarial function.

Requirements:

  • Qualified Actuary (Associate or Fellow of a recognised actuarial body).
  • A minimum of three (3) years’ experience within life insurance or reinsurance.
  • Experience of IFRS 17 and/or Solvency II reporting, or other economic capital frameworks would be advantageous.
  • Strong understanding of actuarial valuation techniques and life and health reinsurance products.
  • Experience with actuarial modelling software (e.g. Risk Agility FM, Prophet or Moses).
  • Experience using analytical programming tools such as SQL, R, Python or 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 Finance 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 is an equal opportunity employer. Qualified persons should apply by 24 July 2026. All applications will be held in the strictest confidence. If you are interested in joining a dynamic team, please apply.

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