Divisional Actuary, Casualty in City of London

Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

In London, Starr operates at the heart of the global specialty insurance market. Through our Lloyd’s platform and company market presence, we bring together deep underwriting expertise, strong broker relationships and meaningful capacity across a broad range of classes. We work in close partnership with brokers and clients, combining data, insight and experience to respond quickly, cut through complexity and deliver clear, practical solutions. It’s a fast-moving environment, where responsiveness, clarity and consistency define how we meet the moment.

Role Purpose

We are looking for a candidate with strong expertise and best practice knowledge to lead the specification, stewardship and governance of the pricing models and processes used for Casualty business across Starr’s US and International operations. The divisional role covers General Liability, Environmental Liability, and Primary and Excess placements, across direct & facultative and delegated business. The role is a senior technical pricing contact for Casualty across Europe, Middle East and Africa (EMEA), LATAM and APAC, and reports to the Chief Pricing Actuary, International.

Key Responsibilities

• Models and methodology
  • Lead the specification, calibration and stewardship of pricing models and processes for Casualty business.
  • Hold ultimate accountability for these models: own methodology, parameter and low-level code updates, and back-test review and sign-off.
  • Develop and maintain casualty methodology, including experience and exposure rating, loss development and trend selection.
  • Work closely with Reserving so that pricing assumptions are consistent with reserving.
  • Identify internal and external data sources, and specify pricing templates and models for use by underwriters.
  • Act as expert adviser to underwriters using the pricing software.
• Pricing support across International
  • Support pricing-related topics for Casualty across International.
  • Conduct case pricing reviews across Casualty and other lines of business.
  • Lead pricing approaches for delegated authority, facility and MGA business.
  • Propose rate changes and conduct impact analyses.
• Portfolio, capital and performance
  • Monitor and report pricing metrics.
  • Make a significant contribution to portfolio optimisation and capital allocation workstreams.
  • Develop strong communication and collaboration with underwriters, capital and reserving across regions.
• Governance and regulatory
  • Ensure all regulatory requirements impacting Starr’s pricing function are known and addressed.
  • Contribute to Actuarial Function Reports (AFRs) as required.
• Working within the pricing function
  • The role sits in the Core Pricing Team, which owns business-facing class pricing and the stewardship of its models.
  • Review of underwriting adjustments, and pricing controls in all models.
• People and leadership
  • Line manage and develop the analysts reporting to the role.
  • Coach and mentor other junior members of the wider pricing team.

The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies.

Qualifications, skills and experience

• Essential:
  • Actuarial skills at the level of a qualified UK actuary (FIA or equivalent).
  • Experience of pricing Casualty business.
  • Working knowledge of casualty pricing methods.
  • Proficiency in R or Python, and SQL, for modelling and analysis.
  • Strong written and face to face communication skills.
• Desirable:
  • Experience contributing to the management of a pricing function.
  • Hands-on experience of building models in a dedicated pricing platform.

Core behavioural expectations

• Analysis and decision making
• Innovation and problem solving
• Strategic perspective
• Commerciality
• Communication and influence
• Development of self and others

Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees.