Talbot Head of Insurance Risk

Join us as Head of Insurance Risk 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 Syndicates 1183, 2019,2478 and 2479 at Lloyd’s. Syndicate 1183 underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, political risk, crisis management and property. 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

This is a fantastic business facing role for a senior leader with a quantitative risk background to join our risk team. This pivotal role will provide oversight and challenge over all insurance risks, as well as leading on Internal Model validation activities.

Some of the key responsibilities include:

Lead the insurance risk sub-team;

Continue the enhancement of Risk Management across Talbot, ensuring consistency with the Group’s ERM framework, with specific focus on insurance risk;

Provide second line challenge of underwriting, reserving, pricing, exposure management, capital modelling and reinsurance;

Lead the quarterly reporting cycle for insurance risks, providing risk expertise and challenge;

Oversight and enhancement of risk appetite for insurance risks, including catastrophe, underwriting and reserve risk;

Identify and assess the key risks to the achievability of Talbot’s business plans;

Carry out risk assessments and deep dives of underwriting classes and other insurance risks;

Oversight of stress and scenario testing and reverse stress testing;

Lead the production of the quantitative elements of the Own Risk and Solvency Assessment Reports;

Accountable for the validation of Talbot’s Internal Models, including planning the validation cycle, execution and review of validation testing and findings and presentation of findings to the relevant committees;

Oversight of annual Board and Regulatory Internal Model validation reports;

Oversight of material expert judgements and associated documentation;

Remaining up-to-date with industry and Lloyd’s Internal Model validation standards;

Represent the Risk Management team at Internal Model Governance Committee;

In collaboration with the Capital Modelling team, to support the on-going development and use of the Internal Model.

What you’ll need to succeed

Extensive insurance risk management, actuarial or capital modelling experience from an insurer or a consultancy

Qualified actuary with internal model validation experience

Self-starter with strong communication skills.

Strong financial analysis and data interpretation skills.

Skilled at presenting complex risk information to senior stakeholders.

Strong leadership presence, with ability to build relationships with senior Management.