Reinsurance Broker Intern (NYC)

Lockton Companies

Oct 18, 2023

Applications are closed

Internship
Full-time
Summer Internship
Banking & Finance
New York

Requirements

Summer Intern Qualifications:
Able and willing to learn new things – hardly anyone comes out of college knowing about reinsurance, so we’ll teach you if you are eager to learn
Interested in building relationships - reinsurance is a relationship-driven industry and interacting with customers, reinsurers and colleagues in social settings is part of the job
Numerically literate - you don’t have to be a math major, but you do need to be able to think and reason about numbers and do basic math
Collaborative and team-oriented - insurance works because people work together; reinsurance broking is no different
A good communicator, both verbally and in writing - telling a compelling story and conveying your ideas clearly is what reinsurance broking is all about
Able to think creatively and demonstrate problem-solving skills - new challenges inevitably arise, especially in a new company. Doing the best we can for our customers requires resourcefulness, imagination, and determination
Trusted with detailed tasks - details matter, so having a process for reviewing your work to find errors and noticing when something doesn’t look right help to build trust with colleagues, customers and reinsurance partners
Adaptable to changing environments - as a start-up company that is growing fast, we are gaining new employees and customers daily, so things move quickly and are constantly changing
Ability to work outside of normal business hours as needed

Responsibilities

Summer Intern Responsibilities:
Participate in rotational program to learn the various reinsurance “basics”.
Immerse yourselves in our Lockton Re culture.
Assist Brokers and Senior Broker in the production, design, analysis and administration of reinsurance programs on behalf of client partners.
Assist in preparing pre-renewal documents, underwriting submissions and organizing/tracking quotations.
Assist in handling and maintaining files.
Assist in liaising with the claims, accounting and contract departments to ensure consistent and best-in-class service standards.
Assist in liaising with the Compliance department where necessary to ensure adherence to company guidelines.
Develop and present long-term project to the Broking team based on knowledge gained throughout the program.
Be accountable to Brokers and Senior Broker(s) to provide excellent and timely service to clients.

Lockton Companies

Finance

Industry

10,001+

Employees

1966

Founded Year

Mission & Purpose

What makes Lockton stand apart is also what makes us better: independence. Lockton's private ownership empowers its 10,750+ Associates doing business in over 140+ countries to focus solely on clients' risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.