At a Glance
- Tasks: Lead natural catastrophe modelling and manage risk across various insurance classes.
- Company: Join Talbot, a global leader in insurance and reinsurance with a diverse portfolio.
- Benefits: Enjoy a comprehensive benefits package focused on health, wellbeing, and professional development.
- Why this job: Make a real impact in a supportive culture that values collaboration and innovation.
- Qualifications: Significant experience in catastrophe management and strong analytical skills required.
- Other info: AIG promotes a culture of inclusion and offers reasonable accommodations for applicants with disabilities.
The predicted salary is between 43200 - 72000 £ per year.
Join us as the Head of Nat Cat Modelling to take your career to the next level with a global market leader.
Make your mark in Talbot
With offices in the U.S., London and Asia Pacific, Talbot is the managing agent of Syndicate 1183 at Lloyd’s. Syndicate 1183 underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, transport, political risk, crisis management, kidnap & ransom, contingency, property and treaty reinsurance. Through its expert team of underwriters and a balanced, geographically-diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance and reinsurance specialist.
How you will create an impact
- Manage, develop and apply, under the direction of the Aggregation Risk Committee, TUL\’s views of natural catastrophe risk across relevant classes: this includes implementing the defined views of cat risk through appropriate representation (\’modelling\’), ensuring TUL\’s exposure management systems, processes and data-capture are appropriate to support them, and prioritising development needs.
- Oversee the relationships with relevant external providers (including Accenture, RMS and RMSI).
- Manage the business planning process for the cat exposed classes.
- Work with underwriters, pricing actuaries and the capital modelling team on the preparation of the inputs for the Internal Model.
- Provide portfolio optimisation and related analytics to support the delivery of Talbot’s property underwriting objectives and to inform future strategy.
- Assess impacts of model changes on Talbot’s accounts/portfolios and internal/external cat metrics.
- Lead the business’s efforts in estimating and communicating exposures and potential losses when major events occur, in accordance with the event loss procedure.
- Take responsibility for all aspects of internal reporting for TUL\’s natural catastrophe risk.
What you’ll need to succeed
- Significant experience in the insurance industry within catastrophe management
- Ability to work across departments including Underwriting, Actuarial Pricing and Capital Modelling to ensure nat cat risk is managed and represented appropriately and consistently
- Experience in understanding underwriter needs and to offer analytical solutions to help their decision making
- Clear vision for how to utilise analytical insight to support underwriting decisions.
- Deep understating and experience interacting with main model vendors
- Strong stakeholder management and relationship building skills
- Experience of leading a team
- Strong technical understanding and problem solving ability.
Ready to take your career to the next level? We would love to hear from you!
#LI-AIG
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to .
Functional Area:
AC – Actuarial Talbot Underwriting Services Ltd (TS1) #J-18808-Ljbffr
Talbot Head of Nat Cat Modelling employer: AIG
Contact Detail:
AIG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Talbot Head of Nat Cat Modelling
✨Tip Number 1
Familiarise yourself with the latest trends and developments in natural catastrophe modelling. This will not only enhance your understanding but also demonstrate your commitment to staying current in the field during discussions.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors, particularly those involved in catastrophe management. Attend industry events or webinars to build relationships that could provide insights and referrals.
✨Tip Number 3
Prepare to discuss specific analytical tools and models you have experience with, especially those from major vendors like RMS. Being able to articulate your technical skills will set you apart from other candidates.
✨Tip Number 4
Showcase your leadership abilities by sharing examples of how you've successfully managed teams or projects in the past. Highlighting your stakeholder management skills will be crucial for this role.
We think you need these skills to ace Talbot Head of Nat Cat Modelling
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Nat Cat Modelling position. Tailor your application to highlight your relevant experience in catastrophe management and your ability to work across departments.
Highlight Relevant Experience: In your CV and cover letter, emphasise your significant experience in the insurance industry, particularly in catastrophe management. Provide specific examples of how you've successfully managed risk and collaborated with underwriters and actuaries.
Showcase Analytical Skills: Demonstrate your analytical skills by discussing how you've used data to support underwriting decisions. Mention any experience you have with model vendors and how you've applied analytical insights to improve business outcomes.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for the role and the company. Discuss your vision for utilising analytical insights in catastrophe modelling and how you can contribute to Talbot's objectives.
How to prepare for a job interview at AIG
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Head of Nat Cat Modelling role. Familiarise yourself with Talbot's approach to natural catastrophe risk and how it integrates with underwriting and capital modelling. This will help you articulate how your experience aligns with their needs.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used analytical insights to support underwriting decisions. Highlight your experience with model vendors and how you've leveraged data to optimise portfolios. This will demonstrate your technical understanding and problem-solving abilities.
✨Emphasise Stakeholder Management
Given the collaborative nature of this role, be ready to talk about your experience in managing relationships across departments. Share examples of how you've successfully worked with underwriters, actuaries, and external providers to achieve common goals.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world situations, such as estimating exposures during major events. Think of past experiences where you had to communicate complex information clearly and effectively, as this will be crucial in the role.