Hannover Re is hiring a Quantitative Actuarial Analyst Insurance Linked Securities

Hannover Re is looking for a Quantitative Actuarial Analyst to join our Insurance Linked Securities (ILS) team. In this role, you will help transfer reinsurance risks to the capital markets through securitisations and fronting solutions, working closely with brokers, legal specialists, and banking partners to develop innovative solutions for our clients.

What You'll Do

• Carefully review Cat-Bond submissions, assess risks, and identify specific features such as windstorm or earthquake exposure.
• Structure analyses clearly and support the team in deciding whether risks should be underwritten.
• Work closely with colleagues from Underwriting, Actuarial, Risk Management, and Legal, as well as with external partners, to ensure smooth and efficient processes.
• Work on projects that convert (re)insurance losses into catastrophe bonds, contributing to contract documentation and supporting investors and reinsurance partners.

What We're Looking For

• A completed degree in a scientific field such as (business) mathematics, meteorology, physics, statistics or a comparable qualification.
• English at a business-fluent level (C1/C2).
• German at a confident conversational level (B2 or above).
• Strong communication skills.
• Ability to make sound decisions in day-to-day work.
• Ability to structure complex data and models clearly, translate them into actionable recommendations.
• Strong numerical skills and attention to detail.
• Enjoy working in a team, sharing knowledge and building trust-based relationships with internal and external partners.

Nice to Have

• Initial practical experience in actuarial work, risk management, insurance or banking — for example through internships, student roles or early professional experience.

Team & Environment

You will be part of the dedicated ILS Actuarial team, collaborating closely with various internal departments and external partners.

Benefits & Compensation

• Flexibility: A hybrid work model with flexible working hours and 30 days of annual leave.
• Work Abroad: Up to 30 days a year within the EU Member States, Iceland, Liechtenstein, Norway and Switzerland.
• Financial Benefits: Company pension scheme, employee shares at favourable conditions, vacation and Christmas allowances as well as financial participation in the company's success.
• Worry-free Relocation: Wrap-around support for your accommodation search and relocation to Hannover.
• Lifelong Learning: Innovative programme of further training, including e-learning, specialist seminars, soft skills training, language courses, and opportunities for work shadowing.
• Digital Fitness: Training on making daily work more efficient using AI tools, especially Microsoft Copilot.
• Healthy Work Environment: Ergonomic workstations and an outstanding canteen with a rich selection of regional dishes.
• Corporate Fitness: Hansefit membership across Germany or at Daily Fitness gym in Hannover.
• Corporate Benefits: Discounts on products and services from well-known vendors.
• Individual Family Support: Company daycare facility and free, anonymous external counselling.
• Mobility: Free pass on local public transport (Deutschlandticket), bicycle leasing (JobRad), free parking and electric charging stations.
• Connecting Power: Together we enjoy parties, team events and internal networking activities.

Work Mode

This is a hybrid role based in Hannover, Germany, offering flexibility between office and remote work.

Hannover Re values responsibility, a we-spirit, and drive. We are #somewhatdifferent – people with their own stories, experiences, and career paths. Everyone is welcome!