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Fortitude ReFR

AVP, M&A & Reinsurance Risk Analyst

Fortitude Re is a Bermuda-based reinsurance company that provides services such as policy administration and claims handling for insurance companies, specializing in legacy Life & Annuity and P&C lines.

Fortitude Re

Employee count: 501-1000

Salary: 155k-170k USD

Bermuda only

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Fortitude Re is seeking an AVP, M&A & Reinsurance Risk Analyst to support the identification, assessment, monitoring, and mitigation of reinsurance transaction risks within the organization. The role involves working closely with pricing actuaries, corporate development, investments, and other functions to evaluate proposed reinsurance transactions.

Requirements

  • Review transaction documents including deal information memorandum, appraisals, product profiles, contracts, experience studies, and other materials associated with prospective transactions.
  • Review pricing assumptions and internal underwriting diligence.
  • Review the analysis of cedants' experience to ensure sufficient diligence was performed, data is credible, and proper controls were employed in setting assumptions.
  • Ensure pricing assumptions are reasonable in light of cedant's experience, company experience, industry experience, and professional judgment.
  • Validate pricing models and results.
  • Review pricing model design, results, and the peer review (challenger) process.
  • Recommend sensitivity and stress tests and evaluate their impacts.
  • Perform independent validation of pricing models in their entirety or specific pricing results, including the development of replication models where necessary.
  • Identify, assess, and communicate deal risks.
  • Evaluate proposed risk mitigation strategies and their potential effectiveness.
  • Document risks for management presentations and in ERM risk memorandums.
  • Advise SVP L&A Risk Officer and CRO on deal economics and risks in advance of bid decision making.
  • Ensure full compliance with the company's transaction and pricing governance standards.

Benefits

  • Annual bonus based on company and individual performance
  • Generous benefits package

About the job

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Posted on

Job type

Full Time

Experience level

Salary

Salary: 155k-170k USD

Location requirements

Hiring timezones

Bermuda +/- 0 hours

About Fortitude Re

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Fortitude Re is a leading global provider of bespoke reinsurance solutions, catering to the complex needs of the world's foremost insurance companies. Many insurers face significant challenges in managing their legacy Life & Annuity and Property & Casualty (P&C) lines. These legacy portfolios can tie up substantial capital and create long-term risk exposures that hinder growth and strategic flexibility. Fortitude Re was established to address these very issues, offering comprehensive and transformational solutions that allow our clients to free up capital, de-risk their balance sheets, and focus on their core business operations. Our customers, major multinational insurers, require a partner with deep expertise, significant financial strength, and a commitment to long-term policyholder protection. We meet this need by structuring customized transactions that are meticulously designed to manage the most complex legacy liabilities.

Our approach is built on a foundation of deep industry experience and sophisticated risk modeling capabilities. The leadership team at Fortitude Re possesses an average of over two decades in the insurance sector, with a proven track record of successfully navigating intricate market risks. This expertise, combined with the backing of world-class institutional investors like The Carlyle Group and T&D Insurance Group, provides us with a robust capital base and the unique ability to undertake large, complex deals. We understand that our clients' promises to their policyholders are paramount. Therefore, we embed a rigorous risk management ethos into every aspect of our operations, ensuring that we will be there to honor those commitments for the long haul. By partnering with Fortitude Re, insurance companies can confidently transfer their legacy risks, knowing they are supported by a financially strong and dedicated partner committed to providing best-in-class service and ensuring the financial security of their policyholders for decades to come.

Employee benefits

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Unlimited PTO

Unlimited Paid Time Off policy.

Paid parental leave

Paid parental leave for new parents.

Paid volunteer time

Up to 16 hours per year of paid volunteer time.

Learning and Development Stipend

Stipend for learning and development opportunities.

View Fortitude Re's employee benefits
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Fortitude Re

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