2020 Summer Intern Opportunities
Global Atlantic RE
Role (1): Actuarial, Finance & Operations
GA Re is the Bermuda-based entity of Global Atlantic Financial Group (GAFG). Through its subsidiaries GAFG offers a broad range of retirement, life and reinsurance products designed to help their customers address financial challenges, with confidence. GA Re is a fast paced, collaberative entrepreneurial culture, committed to investing in its people because it believes they are critical to the long-term success of its business.
Applicants should be majoring in Actuarial Science, however consideration will be given to business-related fields (e.g. accounting, finance, insurance, economics, etc.). The successful applicant will work with the Actuarial, Operations and Finance teams and will have opportunities to gain hands-on experience with production processes and entry-level finance functions. Depending on the intern's specific skill set, opportunities may also exist to conduct a research project/present recommendations based on findings, and if tech-savy, to build a technical tool for potential ongoing use within the organization.
Click HERE for more information on Global Atlantic Re Ltd.
Legal & General RE
Role (1): Actuarial and Accounting
Legal & General Reinsurance Company Limited (L&G Re) is the global reinsurance hub of the Legal & General Group. We specialise in the reinsurance of annuity, longevity and mortality risks by providing bespoke solutions to meet the risk and capital management needs of our clients.
L&G Re is based in Bermuda and engages with clients located in strategic territories across the globe. We are licensed by the Bermuda Monetary Authority and have credit ratings of A+ from both Standard & Poor's and Fitch. We have a strong balance sheet with 6.2 billion pounds ($8.3 billion) of assets under management at 31 December 2017.
The successful applicant must:
- Be actively pursuing a degree in math, acturial science, accounting or other financial related field
- Be competent in Excel
Click HERE to learn more about Legal and General Re
Role (1): Actuarial / Accounting / Investments
Somerset Re Ltd. is a life and annuity reinsurance company with a Class E long-term license.
Headquartered in Bermuda with a dedicated staff and experienced actuaries, accountants, and investment professionals, the company is focused on providing dynamic reinsurance solutions to the US life insurance industry.
Somerset Re is looking for an ambitious, self-motivated university-level student to join this growing company for the summer of 2020.
Tasks and responsibilities will include:
Assisting with reconciliation of financial data
- Assisting with the maintenance of actuarial projection models
- Supporting the ongoing performance evaluation of existing reinsurance contracts
- Supporting overall asset management activities and analysis
Upon completing the internship the student will have gained introductory experience in:
Reporting financial results of insurance companies
- Understanding the international accounting standards for insurance companies
- Building actuarial projections for US life insurance and annuity products
- Evaluating the performance of existing reinsurance contracts
- Understanding the role of investments and asset management within an insurance company
Be a math, computer science, actuarial science, finance or accounting major
- Interested in pursuing actuarial, accounting or CFA designations
- Experience in Excel, Outlook, Word
- Powerpoint a plus
Click HERE to learn more about Somerset Re Ltd
Sun Life Financial International
The Sun Life Financial family of companies is a leading financial services organization with a 150-year history of financial strength and innovation. Sun Life Financial International, headquartered in Hamilton since 1996, develops leading Life Insurance solutions for high-net-worth families around the globe.
Sun Life Financial International is looking for two (2) high-performing Bermudians to join our paid internship program in the summer of 2020 in operational roles
Operations role: The student interns wil have the opportunity to learn and execute processes within New Business, Administration and Inforce. Types of processes may include running In-Force illustrations, applying renewal premiums, policy changes, reviewing and understanding collateral assignments/release of assignments, completing client risk assessments, and learning corporate and trust structures as it pertains to policy ownership. The interns will have the opportunity to shadow Sun Life employees within Life Operations departments to gain a broad understanding of the function of the operations team while learning, at a high level, about each of the departments within the Bermuda Office.
Click HERE to learn more about Sun Life Financial International
Resolution Re is a Bermuda domiciled Class E long term reinsurer and a part of the Resolution Life Group of companies. Founded in Bermuda in 2018, we help global insurance groups to pursue growth and innovate new products by allowing them to release capital and remove cost stranded in their legacy insurance portfolios. Resolution Life has raised more than $3 billion of capital since 2018 and has recently announced deals with major insurers in the US and Australia.
This intern role represents an exciting opportunity to get experience as part of a fast growing, dynamic and entrepreneurial environment, working with experienced actuaries, accountants, investment and compliance professionals. The successful applicant will be assisting the Bermuda team in production and analysis of financial results, and potentially have an opportunity to complete a research project of relevance to the business.
The successful applicant will be pursuing a degree in maths, actuarial science, data science, accounting, economics or other related business field.
Click [Here] for more information on Resolution Life.