Marine Reinsurance Pricing Analyst

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves.

Marine Reinsurance Pricing Analyst Specialty Pricing – Marine & Reinsurance

About the role

The Pricing function supports underwriters and senior management in building sustainable, profitable portfolios by providing objective, data driven insights underpinned by deep product and reinsurance expertise. This role sits within the Marine and wider Specialty business, with a primary focus on Reinsurance Treaty Pricing. You will play a hands on role in pricing individual treaty submissions, monitoring portfolio performance, and strengthening the link between pricing, underwriting, reserving, and capital. The position offers exposure to complex reinsurance structures, senior underwriting stakeholders, and strategic portfolio decision making.

What you will do

• Treaty pricing & analytics
• Deliver actuarial pricing recommendations for individual reinsurance treaty submissions, covering:
• Risk selection
• Contract structure and coverage
• Pricing adequacy and portfolio impact
• Apply experience rating and exposure rating techniques, including judgement where data is limited or volatile.
• Support underwriting decision making with clear, well reasoned pricing views.
• Model development & systems
• Develop, maintain, and enhance pricing tools and models, including implementation within PRIME, AXIS’ global pricing platform.
• Contribute to the design of robust, scalable analytical tools that balance technical rigour with practical usability.
• Ensure clear documentation, governance, and appropriate controls around pricing methodologies.
• Portfolio monitoring & insight
• Monitor the quality, consistency, and accuracy of pricing outputs, rate monitoring, and transactional pricing data.
• Support segment level and class level profitability reviews, providing evidence based insights and recommendations.
• Analyse market behaviour, rate change, and competitive dynamics within Marine and broader Specialty lines.
• Business planning & control cycle
• Contribute to the annual planning process, including assessment of market conditions, rate adequacy, and portfolio mix.
• Maintain the pricing control cycle, ensuring effective feedback between:
• Pricing
• Reserving
• Capital modelling
• Business planning
• Collaboration & stakeholder engagement
• Work closely with underwriters, pricing colleagues, and adjacent functions to:
• Scope analytical requirements
• Deliver fit for purpose solutions
• Provide training and ongoing support
• Communicate complex technical analysis clearly and confidently to non technical audiences.

You may also take on additional responsibilities aligned with the evolving needs of the business and the Pricing function.

About you

We are looking for a curious, resilient, and analytical individual who is motivated by complex problems and keen to build depth in reinsurance and specialty pricing. We value diverse backgrounds and are open to candidates whose experience may differ slightly from the traditional path, provided the core capabilities are present.

What you need to have

• 2–3 years’ relevant experience, ideally in an actuarial or pricing role (consultancy or industry).
• Strong quantitative and analytical capability, with:
• Programming experience in Python and/or R
• Ability to write and use SQL queries
• Experience embedding analysis into Excel (e.g. VBA)
• A Master’s degree (or equivalent) in a quantitative discipline.
• Intention to qualify as a Fellow of the Institute & Faculty of Actuaries (or equivalent), with a proven track record of exam progress.
• Ability to manage multiple workstreams concurrently and deliver under time pressure.
• A resilient mindset, comfortable operating in a high expectation, commercially focused environment.

What we would like you to have

• A strong interest in Specialty Insurance, particularly Marine lines.
• Practical reinsurance pricing experience, ideally involving treaty structures.
• Experience working with large, complex datasets and enhancing analytical processes.
• Appetite to work closely with underwriters and influence real world decision making.

Role factors

The role has an expectation of being in the office three days per week.

What we offer

We offer a competitive and comprehensive benefits package, including:

• Medical cover for you and your family
• Health and wellbeing programmes
• Retirement and pension benefits
• Tuition reimbursement and professional development support
• Generous annual leave and additional benefits