Head of Pricing - Portfolio Solutions

Job TypePermanentBuild a brilliant future with HiscoxHead of Pricing – Hiscox Portfolio SolutionsAbout Hiscox London MarketAs an international specialist insurer, we are far removed from the world of mass insurance products, selectively focusing on key areas of expertise and strength, all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way.Defined by our strong moral fibre we prioritise above all else the principle of doing what we say we will. Insuring the unique and interesting, our search for talent is the same. We empower our people to think creatively, challenge the status quo and approach things with a solutions focused lens. This results in us being able to provide the type of insurance solutions which are often too complex for other insurance companies, we find a way where others give up.If you thrive in a challenging and collaborative environment where you are trusted to work instinctively and are looking for an environment that will stretch you to your full potential, we encourage you to read on.About Hiscox Portfolio SolutionsHiscox Portfolio Solutions, launching January 2026, will be a key strategic growth area within the London Market Division. The division is an area of strategic growth for both Hiscox London Market and the Group. The division brings together a diverse range of portfolio businesses, including Alternative Risk, Beta, Global MGA and structured solutions to deliver innovative, data led underwriting opportunities across the division.

• Alternative Risk – Written within Hiscox London Market since 2015, the team selectively backs world-class underwriting expertise targeting the most profitable segments of the market writing business via delegated authority. The division takes advantage of opportunities across the Property, Casualty and Specialty segments of the market.
• Beta- Follow – Supporting select broker cross-class facilities to create a diversified portfolio of risk, with high indexation.
• Global MGA – Engaging with large groups of MGAs to provide strategic support across their portfolio, to create a diversified portfolio of risk. This will involve a limited number of significant relationships, utilising both Hiscox London Market and Retail to offer support for a group of MGAs.
• Structured Solutions – Bespoke, innovative structured (re)insurance transactions for corporate clients. These products are typically multi-year and multi-line and are often provided where typical insurance products do not adequately meet a client’s need and typically involve risk sharing between the client and insurer.

The key to our success is taking calculated risk and building strong relationships across the market to optimise our exposure and result. Expectations are high, but with the opportunity to be a key member of a significant line of business within London Market this is an exciting role. If you like a challenge, have an analytical mindset and work to high standards, this could be the role for you.The roleThis role is a certified role under the senior manager regime.As Head of Pricing, you will be part of the Hiscox Portfolio Solutions Leadership team, responsible for shaping and executing pricing strategy across the division. You will monitor and drive the financial performance of all portfolio classes, influencing underwriting decisions in partnership with the Divisional Director and Line Underwriters.You will have significant autonomy to shape pricing direction and are expected to provide independent challenge and insight to the leadership team. You will also lead and develop the pricing team, supporting their professional growth and ensuring the highest analytical and technical standards.We are looking for an ambitious, innovative and commercially minded leader who thrives in an environment of ownership and autonomy. You will be confident working independently and comfortable with ambiguity, applying strong analytical and problem-solving skills to deliver clear, actionable insight.You will be an effective communicator, able to engage and influence a wide range of stakeholders by translating complex ideas into clear practical recommendations. You’ll enjoy collaborating across teams and functions and be comfortable taking decisions where there is no established approach. The role is ‘front line’ and working side by side with the Underwriters and Divisional Director.Curiosity, creativity and a drive to make a difference are key to success in this role. You will thrive in a fast-moving environment, learning from others while challenging established thinking to improve performance and business outcomes.This is your opportunity to become an integral part of a growing team to drive and shape the division in rapidly evolving and growing area of the market. You will help shape the strategic direction of the division, delivering insights and innovation that drive exceptional underwriting performance and deliver sustainable growth in a fast evolving market.What you will be doing as a Head of Pricing:Strategic Leadership

• Shape and execute pricing strategy for Hiscox Portfolio Solutions, providing independent insight and challenge to the leadership team.
• Partner with underwriting, finance, and risk teams to align pricing with business growth objectives.
• Define and monitor key performance indicators for portfolio and pricing performance.
• Take a broad view of profitability by evaluating all factors that influence performance across the division. This includes analysing individual accounts, portfolio results, exposure management and reinsurance as well as operational efficiencies.

Analytical Excellence

• Drive model development and ensure appropriate methodologies for structured reinsurance and delegated authority business.
• Oversee exposure management and assess systemic risk drivers.
• Conduct tailored pricing analyses for structured insurance products, utilising advanced stochastic modelling techniques.
• Collaborate closely with the Exposure Management team to identify, review and mange key drivers of systemic risk throughout the division.

Business partnering

• Leading project work in collaboration with other teams where appropriate e.g. Finance, MI and Reserving
• Provide regular updates on progress, challenges, and opportunities to all relevant stakeholders.
• Develop a broad understanding of business issues, considering perspectives from across these functions, using this insight to provide an independent assessment of key underwriting decisions and address emerging business challenges

Team Development

• Build, lead, and mentor a high-performing pricing team, fostering analytical excellence and professional growth.
• Promote collaboration and knowledge sharing across teams and divisions.

Our Must-haves

• Degree in a numerate discipline; actuarial qualification preferred
• Proven track record in analytical or pricing leadership with experience in the London Market
• Innovative and entrepreneurial with the ability to bring clarity and structure to challenges that have not yet been solved.
• Excellent technical and modelling skills, with proficiency in pricing tools, large data analysis and portfolio management skills
• Strong commercial acumen and ability to influence strategic decisions.
• Excellent communication skills, with the ability to clearly explain complex concepts to audiences without technical backgrounds
• Solid understanding of London Market business.
• Demonstrated ability to lead, coach and develop teams.

About HiscoxAs an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.Diversity and flexible working at HiscoxAt Hiscox we care about our people. We hire the best people for the job, and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.Work with amazing people and be part of a unique culture

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