6 December 2015 Bermuda Re/insurance Why did you choose to go into the reinsurance industry? It was somewhat of a fluke. I was a highly numerate graduate looking for a secure career in a technical field. I s tarted out at an actuarial consultancy in London but I didn’t know much about the reinsurance industry itself at the time. It has turned out to be a great match. Do you think the industry is attractive to young professionals? I am fascinated by our industry and reinsurance in particular. It is closely tied with current affairs and major world events. However, in spite of this, reinsurance is not that widely known. For those already in the industry, I think it remains attractive. Do you think the reinsurance industry offers good opportunities and career development to young professionals? Without a doubt, there are opportunities and potential for career development. It depends on how you approach it. Be proactive to shape those opportunities, work hard consistently, take responsibility and the rewards do follow. The reinsurance industry is in a state of flux right now. Our world is evolving and reinsurers have to innovate to meet demands. I’m sure that this will present further opportunities. What are your aspirations for the future? To be involved in a start-up, with like-minded people. To be a good person. To make the world a better place, even in a small way. If you’d chosen a different profession/career path, what would it have been? This is a tough one. I remember giving consideration to management consulting when I was at university. I’m open to ideas and opportunities that are challenging, diverse and fun, with great people. BERMUDA’S RISING STARS Shabnam Ahmed Job title: Vice president, global reinsurance Company: AXIS Specialty Career path In 2013, I joined AXIS Re Bermuda as a vice president in our property reinsurance team. The lines dividing modelling and underwriting have faded as we’ve moved into a more model-driven world. AXIS needed an actuary with both strong pricing skills and strong people skills to be a technical underwriter. My focus is on the property per-risk, pro-rata and structured risk deals although I look at cat XOL and other lines too. I see a deal through every stage from client/broker engagements, to pricing and reviewing contract wording, to authorising the deal. I am the point person on the underwriting team for questions on technical pricing and portfolio risk metrics. Before AXIS, I was a group actuary at PartnerRe in Bermuda from 2009 to 2013. It was a varied corporate role supporting the group chief actuary. The role gave me regular exposure to senior management, including the group chief executive officer (CEO) and chief financial officer (CFO) and a top-down view of how a reinsurance company runs. The move to Bermuda from London was a great opportunity to work in a new market. Prior to the move, from 2007 to 2009, I was an assistant vice president (AVP) in Guy Carpenter’s modelling team in London, providing reinsurance pricing and analytics advice to key clients. This was my first chance to dive deep into reinsurance. My first job after I left university, in 2004, was as a consulting actuary at Tillinghast (now Towers Watson). I worked on a variety of projects such as reserve reviews and capital modelling for reinsurance companies and Lloyd’s syndicates. I am a Fellow of the Institute of Actuaries and have a bachelor’s degree in mathematics and a master’s degree in applied statistics from the University of Oxford.
Bermuda Rising Stars
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