Property & Specialty Underwriting Summer Intern

McNeil & Co.; Morristown (NJ); Hybrid; USD 30,000 - 41,000; Full time

Benefits offered by this job

Arch benefits

Job summary

Arch Reinsurance Company in Morristown, NJ, offers an 8-week summer internship in property and specialty underwriting. You will join education sessions, work with underwriters, and learn underwriting systems while helping with research and task execution.

The program runs June 2–July 23, 2027, is hybrid (4 days onsite, 1 day remote), and pays $26 per hour. Applicants should be a current sophomore in Insurance & Risk Management, Business, Finance, or related fields with a ≥3.0 GPA.

Qualifications

• Actively completing area of study in Insurance & Risk Management, Business, Finance, Engineering, or relevant program.
• Minimum 3.0 GPA or higher.
• College-level – current sophomore with expected graduation between Dec 2028 and May 2029.
• Strong written and verbal communication skills.

Responsibilities

• Participate in education sessions and exposure to property and specialty underwriting and networking.
• Receive hands-on training with underwriters and the assistant underwriting team.
• Learn underwriting systems, processes, and account setup.

Skills

Strong communication

Microsoft Excel

Team player

Self-starter

Education

Sophomore status with 2029 graduation

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

About This Internship

Arch’s 8-week summer internship program offers students a unique opportunity to gain hands on experience in the insurance industry. It provides challenging learning experiences that serve as a foundation for interns to explore their career choices and to develop professional skills. Working alongside some of the most talented members of the specialty insurance industry, interns will gain relevant expertise in various aspects of the field, participate in learning activities and receive ongoing feedback.

About This Role

• Participate in education sessions and gain exposure to all aspects of property and specialty underwriting, analysis, networking, and team-building opportunities.
• Receive hands-on training with underwriters and the assistant underwriting team through repetitive learning.
• Learn underwriting systems, processes, and account setup.
• Assist the team with tasks to develop an understanding of property and specialty underwriting while providing research and information.
• Demonstrate the ability to achieve results by setting goals, prioritizing tasks, and staying accountable to stakeholders.
• Collaborate with other interns on group activities, including the end-of-program capstone project.

Qualifications

• Actively completing area of study in Insurance & Risk Management, Business, Finance, Engineering, or relevant program.
• Minimum 3.0 GPA or higher.
• College level - current sophomore student with expected graduation date between December 2028 - May 2029.
• Strong written and verbal communication skills.
• Microsoft Excel proficiency strongly preferred.
• Entrepreneurial spirit along with the desire to be a continuous learner.
• Team player who collaborates effectively.
• Self-starter who can work independently and deal effectively with multiple tasks/priorities in a fast-paced environment.

Location & Work Arrangement

The program dates are June 2 - July 23, 2027. This position is classified as a hybrid position. You will work 4 days onsite and 1 day from home. This position is in Morristown, NJ. Relocation and housing assistance is not provided for this role.

Timeline

Arch internship positions will be unposted when filled.

Pay

For individuals assigned to or hired to work in Morristown, NJ, the hourly rate is $26 as of the time of posting. The breadth in the range exists to accommodate students in specialized programs such as actuarial candidates and graduate students. Any actual rate offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, along with the education & qualifications of the candidate. The above range may be modified in the future. Intern position is eligible for select Arch benefits.

About Arch

13100 Arch Reinsurance Company Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.