Cyber & Liability Catastrophe Modeller

Overview

In this role you advance catastrophe risk management for Beazley’s Cyber and Specialty divisions. You develop, validate, and apply internal and third‑party models to produce robust outputs aligned with business needs. You work with governance committees and external partners to inform underwriting, capital and risk decisions. You drive model quality, documentation and continuous improvement in a fast‑moving, regulatory‑driven environment.

Responsibilities

• Interpret and execute catastrophe modelling across internal and external scenarios (including third‑party models); lead Analysts where needed
• Support modelling and responses for cyber and liability regulatory reporting (e.g., Lloyd’s RDS)
• Run internal probabilistic models with guidance from the Capital team
• Provide portfolio commentary and insights; present modelling results to governance committees
• Validate and challenge third‑party models and internal scenarios; assess assumptions, limitations, uncertainty and impact
• Benchmark outputs with internal and external comparisons
• Develop methodologies to represent complex (re)insurance structures including Cat Bonds, ILS, delegated authority, facilities and programme business
• Maintain documentation of methodologies, assumptions, judgments and model changes
• Support portfolio management and monthly roll‑ups; monitor risk appetites and exposure data quality
• Engage in strategic discussions on catastrophe modelling methods and transformation projects; stay informed on industry and regulatory expectations
• Provide insights to Underwriters, Capital Modelling, Ceded Reinsurance, Risk teams and governance committees; support underwriting decisions
• Participate in model system upgrades; assist with UAT and adoption of new versions
• Coach and mentor junior team members; promote standards and share knowledge
• Uphold Beazley’s values in all interactions and comply with policies
• Undertake additional responsibilities as notified by line manager or committees

Key requirements

• 5+ years in commercial insurance in exposure management, catastrophe risk or actuarial
• Knowledge of catastrophe modelling methodologies (including third‑party models) and communicating changes to stakeholders
• Lloyd’s market experience and RDS knowledge desirable
• Strong numerical ability with high attention to detail
• Effective verbal and written communication skills for senior stakeholders
• Strong time‑management with ability to manage competing priorities
• Problem‑solving mindset and practical solution development
• Understanding of policy structures and reinsurance structures essential
• Advanced Excel skills; strong technical capabilities
• Aptitude for continuous improvement and adaptability
• Actuarial background is advantageous but not essential

• strong communication with non‑technical audiences
• detail orientation and accuracy
• proactivity and continuous improvement mindset
• catastrophe modelling methodologies (internal and third‑party)
• validation of third‑party models and internal scenarios
• RDS and Lloyd’s regulatory expectations

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