2021 Summer Intern Opportunities
Role (2): Reinsurance Analyst / Legal Assistant
Athora is a specialised insurance and reinsurance group fully focused on the European market. Our principal operational subsidiaries are Athora Netherlands N.V. in the Netherlands, Athora Belgium SA in Belgium, Athora Lebensversicherung AG in Germany, Athora Ireland plc in Ireland, and Athora Life Re Ltd in Bermuda
Looking for an energetic and amitious intern with a quantitative background such as finance, maths, or engineering, to join our dynamic team. You will support us with a range of technical reinsurance matters such as actuarial, risk, finance and pricing.
Also seeking an energetic and ambitious inern with a legal background and interested in pursuing a career in (re)insurance, to join our dynamic team. You will support us with a range of corporate legal matters such as compliance, governance, and regulation.
Click HERE for more information about Athora Life Re.
Role (1): Reinsurance Intern
Fortitude Re is Bermuda's largest composite reinsurer with $45b of life, annuity and property and casuslty reserves and is focused on building the balance sheet through new transactions. Fortitude Re is headquartered in Bermuda, but also has staff in the U.S.
The Fortitude Re intern will have an opportunity to learn in a start-up environment from talented and experienced actuarial, accounting and legal professionals.
Applicants should be majoring in actuarial science, however consideration will be given to business-related fields (e.g. accounting, finance, insurance, economics, etc).
We seek a candidate that is ambitious for a role in the reinsurance sector and has a willingness to work on projects across multiple teams and present findings to senior colleagues. The applicant must have strong communication skills, attention to detail, good organization skills and a strong desire to learn. Proficient in Microsoft software packages is essential.
Clicke HERE for more information on Fortitude Re.
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.
Role (1): Actuarial Associate
Actuarial interns are assigned a supervisor who will provide on-the-job training, guidance and feedback throughout the internship period. This structure affords the opportunity to work side-by-side with FSA's, ASA's and other Actuarial Associates. Interns can expect to learn about IFRS accounting principles, the basics of life and health insurance, as well as reinsurance accounting and reserving methods. Interns will also have the opportunity to use actuarial software programs such as Risk Agility, and expand their knowledge of Excel, VBA, SQL, R and other systems. Projects vary and are based on current workload within various departments.
Additionally, as part of the internship experience at Hannover Re, interns will have the opportunity to hone their business communication and interpersonal skills.
The successful applicant must:
- Be in an accredited Bachelor's Degree program in actuarial science, mathematics, statistics of related field
- Concentration in actuarial science, mathematics, statistics or related
- Have a minimum GPA of 3.5; average transcript score/grade report: 75% or higher, in good standing
- Prior internship experience preferred
- Be a 3rd or 4th year student
- Have excellent analytic, communication and leadership skills
- Be proficient in MS Excel and applied statistical proficiency
Click HERE to learn more about Hannover Re.
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 specialize 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 Standard & Poor's and AA- from Fitch. We have a strong balance sheet with 19.0 billion pounds ($25.3 billion) of assets under management at 31 December 2019.
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
Role (2): Various
The Sun Life Financial International is headquartered in Bermuda offering life insurance solutions for High-Net-Worth clients around the world.
The Sun Life Financial International interns may have the opportunity to gain experience across our departments including Operations, Actuarial, Underwriting, Reinsurance, Distribution and Finance. In case we are unable to return to the office due to COVID-19, our internship program will take place virtually.
- A citizen of Bermuda or a holder of Bermudian status
- 3rd or 4th year undergraduate student with GPA of 3.0 or higher
- Active in extracurricular activities, possess leadership and problem solving skills
- Able to work independently and in a team, ready to take on responsibility
- Have prior internship or work experience
Click HERE to learn more about Sun Life Financial International.
Apply by January 15, 2021.
To apply, submit your resume/application to https://sunlife.wd3.myworkdayjobs.com/Campus.
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 continued its growth including 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 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.
Wilton Re Bermuda, a Class E licensed Bermuda reinsurer, is part of the Wilton group of companies, which specializes in the acquisition of inforce blocks of life and annuities. The company is an A-rated reinsurer committed to creating solutions that enhance value for its clients, policyholders and shareholders.
The successful applicant must be:
- a university student majoring in mathematics or actuarial science
- interested in pursuing actuarial exams
- competent in Excel, Outlook and Word (PowerPoint a plus)
Click HERE to learn more about Wilton Re Bermuda.