time type Full time
job requisition id R4610
Title: 2024 Reinsurance Underwriting Summer Internship Program – London
Company: Everest Advisors (Uk), Ltd.
Job Category: Interns
Job Description: Reinsurance Internship 2024
Are you interested in a career in underwriting? Perhaps you wish to become an Actuary, or you have an interest in the law and claims? Join Everest’s 2024 Reinsurance internship scheme, just a stone’s throw from the iconic Lloyd’s of London building on Lime Street, in the heart of the city.
This is a fantastic opportunity for smart, intuitive, inquisitive minds to join a leading global financial organisation that is genuinely passionate about the development of our entry level employees and future leaders. We pride ourselves on nurturing talent and kick-starting lifelong careers in a professional, exciting, and long-standing industry.
So, what is reinsurance?
Essentially, it’s the insurance of insurance. Our clients are insurance companies who need additional protection for the risks they assume. But this additional protection is not for the standard car, home, and pet coverage you might think of when you hear the word ‘insurance’. Here at Everest, we reinsure special, high-value or high-risk businesses and industries across different classes of insurance such as Aviation, Property, Engineering, Public and Employers’ Liability, Professional Indemnity, Medical Malpractice, Accident & Health, Contingency and Cyber.
The ”risks” our clients might reinsure could range from Messi’s left foot, a rocket launch, a cargo ship transporting luxury cars, the Ed Sheeran Tour, a petrochemical refinery or a thousand residential properties on the coast of Florida.
When the worst happens, a policyholder is reliant on their Insurer to help them recover and move forward. But what happens when a hurricane hits the USA, a major music festival is cancelled because of Covid, or a CEO’s ill-timed tweet plunges a company’s share price? Thematic events like this can result in huge losses for Insurers and that is where reinsurance comes in. Reinsurers like Everest Re not only pay claims at the time of loss; more importantly, we provide business continuity.
Our opportunity provides a leading London programme with hands-on learning. The job of the reinsurance underwriter is to select risks and determine the adequate terms, conditions, and price for the risks we assume from the insurance companies. Our actuaries analyse trends and numerical data to help us price risks and our claims experts investigate and settle claims.
What can you expect?
The internship program at Everest Re provides a learning experience that develops professional skills and serves as a foundation for students to explore career choices in Underwriting, Actuarial, Claims or Finance. Working alongside some of the most talented members of the reinsurance industry, our interns gain relevant experience in various aspects of the field.
During your summer internship with us, you will learn what reinsurers and underwriters actually do. Afterwards, you will not only have gained your first practical work experience, but also have a clearer idea of your own professional future. Seize your chance – and shape your future with our short summer internship. Examples of the practical work activities are:
About the programme
Roles will vary depended on business area but the typical areas we recruit into are:
We will rely on you to have
What you need to have
What you will be rewarded with
DEADLINE 14th January 2024
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
Time Type: Full time
Primary Location: London
Everest Group, Ltd. (“Everest”) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide. Everest is in over 100 countries across 6 continents. We provide the world with protection, we underwrite more than risk, we underwrite opportunity.
Everest Group, Ltd. is listed on the New York Stock Exchange (NYSE: EG) and is a component of the S&P 500 index.
FINANCIAL STRENGTH RATINGS
A+ by A.M. Best
A+ by S&P
A1 by Moody’s