Reinsurance Actuary

WHO WE ARE 

Relm is the only specialty insurer dedicated to supporting the world’s most innovative industries.  

Whether it’s with startups harnessing zero-gravity conditions on the ISS to manufacture blindness-curing retinas, global crypto exchanges democratizing crypto trading, or biotech pioneers using gene-editing technology to advance personalized medicine, Relm works lockstep with innovators to understand and underwrite businesses shaping the future. 

Relm’s team operates out of offices in London, New York, Dubai, Miami, Bermuda, executing market-leading insurance solutions for companies operating in digital assets and web3, AI, the space economy, financial technology, biotech, and more. 

WHAT WE ARE LOOKING FOR 

Where regular insurers look backwards, Relm differentiates by looking ahead. We operate at the forefront of innovative industries by hiring curious minds with deep sector experience. To continue helping businesses build the future, we need all of our team members to demonstrate curiosity, creativity, courage, and optimism. We need them to be accountable for ideation but able to execute collaboratively. In short: we hire people whose inquisitive minds help them break ground. 

Key Responsibilities

Inwards Reinsurance

• Perform pricing analysis for individual new and renewal inwards reinsurance accounts
• Engage with broker partners on submissions, both new business and renewals
• Monitor the performance of bound inwards transactions on a quarterly basis
• Conduct portfolio-level profitability analysis, including AvE and portfolio modelling
• Support the development of reporting and MI tools to deliver accurate and timely portfolio insights to internal and external stakeholders (management, board, reinsurers)
• Translate complex analytical outputs into clear, actionable insights for non-technical stakeholders
• Collaborate with senior team members to optimise the deployment of Relm’s reinsurance capacity across treaty and facultative opportunities, including fronted business, programmes, traditional cedants, and captives
• Contribute to strategic initiatives such as commutations, novations, and loss portfolio transfers
• Support new product development and alternative reinsurance solutions

Outwards Reinsurance

• Support Relm’s outwards reinsurance strategy across all lines of business, including treaty placements and facultative reinsurance
• Prepare and analyse data for reinsurance submissions
• Perform optimisation and portfolio analysis to ensure reinsurance structures align with overall business strategy
• Conduct actuarial and quantitative analysis to assess profitability and business impact
• Develop a working understanding of catastrophe modelling, where relevant to the portfolio
• Maintain accurate reinsurance documentation, including contracts and bordereaux, and ensure timely distribution to partners

General Responsibilities

• Stay up to date with insurance products, reinsurance market developments, and industry trends
• Monitor the evolving risk landscape and regulatory environment, assessing potential impacts on pricing and strategy
• Identify opportunities linked to Relm’s IIGB licence, including the use of digital assets in underwriting, alternative reinsurance structures, and collateralised solutions
• Support wider team initiatives and undertake additional responsibilities as required

Required Skills & Experience

• Degree in Actuarial Science, Mathematics, Economics, Finance, Risk Management, or a related quantitative field
• Strong analytical and problem-solving skills
• Ability to manage multiple priorities and work both independently and collaboratively
• Excellent written and verbal communication skills, with the ability to present complex concepts clearly
• Experience with data analysis tools such as Python or R
• Proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook, Teams)
• High attention to detail and ability to produce accurate, high-quality work

Preferred Experience

• Minimum of 4 years’ experience in reinsurance underwriting or actuarial roles
• Fully qualified actuary with at least 2 years’ post-qualification experience
• Strong understanding of reinsurance structures, contracts, and policy wordings
• Familiarity with treaty and facultative reinsurance placements

WHY YOU’LL LOVE WORKING WITH US 

Diversity and inclusion are a given in this day and age; Relm goes beyond the norm to provide genuine support for our team members. We believe in equipping our staff with whatever arsenal they need to do their best work (see below), and our commitment to staff growth is often cited by members as one of their most highly valued benefits. 

Relm is a team of innovators redefining what’s possible in insurance. With us, you’ll launch industry-first programs within an environment designed to be antithetical to traditional insurance and the restraints that come with it. Our forward-thinking attracts forward thinkers.