Tuesday, April 28, 2015

Bond and Financial Products Underwriting Internship

What exactly is an Underwriter?

Insurance is the contractual transfer of financial risk from one party to another.  Underwriters (Account Executives) are the heart of the insurance process, gathering and researching pertinent information and then using finely tuned analytical skills to evaluate the acceptability of business and institutional risk.  However, underwriters are more than just analysts – they are the core relationship builders with our agents and clients.  They are responsible for managing a profitable portfolio of business through our distributing agents and brokers.  An underwriting career includes a dynamic blend of analytical and marketing skills – it's challenging, stimulating and a superb career choice.

The Bond and Financial Products Division

The Bond and Financial Products division provides management liability, professional liability and surety to businesses of all sizes. In addition, Bond & Financial Products also provides traditional property casualty coverage to Financial Institutions. Bond & Financial Products is organized into six separate and distinct business units which include:

  • Commercial Surety: Protects a third party from the failure of an insured to perform or fulfill an obligation
  • Construction Services: Insuring the bond between contractors and clients
  • Financial Institutions: Insurance for community banks, credit unions, insurance companies, investment advisors and large depository & non-depository institutions
  • Private/Non Profit Liability: Insurance products for private companies and non-profit institutions
  • Professional Liability: Professional liability coverage protects against liability claims for negligence, errors and omissions in the performance of professional services
  • Public Company Liability: Insurance products crafted to address the diverse management liability exposures faced by today's public companies 

Requirements/Qualifications
  • Preferred cumulative GPA of 3.0 or above
  • Undergraduate students completing their sophomore or junior year
  • Business Administration, Economics, Finance, Risk Management/Insurance, Marketing or other Liberal Arts majors with a business focus are preferred
  • Working knowledge of Microsoft Office
  • Strong verbal and written communication skills
  • Strong analytical skills
  • Legally eligible to work in the United States
Positions are available across various U.S. offices lasting approximately 10-12 weeks beginning in late May/early June.  Click here to apply.