Starr Insurance
Divisional Pricing Actuary - Marine

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Starr, a global leader in commercial insurance with over a century of expertise, empowers our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
Responsibilities
Actuarial Pricing Delivery
- Own and deliver technical pricing across all assigned classes of business, including case pricing, portfolio pricing, and ad hoc analytical work
- Maintain independent and objective pricing views, remaining commercially aware and sensitive to business needs without being subject to commercial pressure in forming analytical judgements
- Conduct calibration exercises across assigned classes to reduce model adjustments, bias, and noise in deployed pricing models
- Review underwriting adjustments to model outputs, assessing their suitability and escalating material concerns to the Head of Pricing (International) where appropriate
- Ensure appropriate pricing controls are embedded within all models deployed to the assigned division
- Contribute to business planning for all classes within the divisional remit, coordinating the pricing function's input alongside other actuaries
Model Ownership & Stewardship
- Hold ultimate accountability for all pricing models deployed to the business within the assigned division, including sign-off on model releases in accordance with the pricing model release policy
- Maintain sufficient technical competency to interrogate pricing model databases for BAU data, update model parameters, perform low-level code changes, and review back-testing results
- Maintain awareness of how pricing systems are implemented and maintained — including the hx Renew platform and other pricing tools in use — to enable effective oversight, informed sign-off, and productive collaboration with the Technical Pricing team
- Provide specifications and requirements for model developments to the Technical Pricing team, taking ownership of the output once tested and deployed
- Adhere to all pricing governance policies in force, including those governing the review, approval, and release of models into production
- Deliver training to underwriting teams on deployed pricing models, ensuring underwriters understand model mechanics, outputs, and appropriate use
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.
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Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Business Partnership & Governance
- Act as the primary point of contact for the assigned underwriting division, building trusted working relationships at the divisional level and establishing a consistent pricing presence in underwriting-led forums
- Represent the pricing function at Pricing Committee, presenting items originating from the assigned division
- Provide actuarial challenge on pricing-related matters, maintaining a clear boundary between actuarial and underwriting judgement
- Support functions outside of underwriting — including Finance, Reserving, Risk, and Capital — on actuarial pricing matters pertaining to the assigned division, ensuring a consistent and well-informed pricing view is available across the business
- Act as the primary point of contact for regulatory queries relating to class-specific pricing matters, coordinating responses in conjunction with relevant stakeholders as required, including Lloyd's and PRA/FCA requirements and contributions to Actuarial Function Reports (AFRs)
Analytics & Management Information
- Monitor and report pricing metrics across the assigned division, including pricing adequacy and risk-adjusted rate change (RARC)
- Develop MI to identify underperforming segments and inform portfolio optimization decisions
- Coordinate the design and delivery of class-specific management information
- Propose rate changes and conduct impact analyses as required, presenting findings to senior stakeholders in relevant committees
- Work closely with the Exposure Management team to monitor risk aggregations and assist with forming a Starr view of risk across modelled and non-modelled perils
- Contribute to the annual planning cycle and the feedback loop between planning, reserving, pricing, and capital
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.


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Experience Required
Essential
- Qualified UK actuary or equivalent, with actuarial skills applied in a general insurance pricing context
- Proven pricing knowledge across London Market or specialty lines of business, including delegated authority contracts and large open market accounts
- Ability to maintain independent and objective analytical views in a commercial environment, with strong awareness of the boundary between actuarial and underwriting judgement
- Experience delivering case pricing, calibration exercises, MI development, and portfolio analysis
- Strong collaboration and stakeholder management skills, with demonstrated ability to build trusted relationships with underwriting teams
- Experience managing or directing junior actuarial staff, including technical supervision and peer review
- Strong written and verbal communication skills, including experience presenting to senior stakeholders
Preferred
- Experience working across multiple lines of business or in a divisional actuary capacity within the London Market
- Familiarity with pricing software and model governance frameworks, including experience using or overseeing hx Renew or similar platforms
- Experience with programming in Python or R
- Knowledge of Lloyd's regulatory requirements, AFR processes, and PRA/FCA pricing-related conduct expectations
- Experience contributing to business planning, capital allocation, or reserving feedback cycles
Equal Opportunity Employer
Starr is an equal opportunity employer, which means we'll 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 are committed to creating an inclusive environment for all employees. We offer first-class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
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