Reinsurance Broker Intern (Minneapolis)

Lockton Companies; Minneapolis (MN); On-site; USD 21,000 - 34,000; Part time

Job summary

Lockton Companies seeks a Reinsurance Broker Intern for Minneapolis Summer 2027 to gain hands-on exposure to client relations, technical service, and project management. The program is rotational, allowing interns to learn reinsurance basics while supporting Brokers and the Broking team in producing and administering programs.

Ideal candidates are juniors or seniors eager to learn, with strong communication, numeracy, and collaboration skills, prepared to adapt in a fast-paced startup-like

Qualifications

• Able to learn reinsurance basics and industry concepts.
• Strong interpersonal skills for client and partner interactions.
• Basic math and analytical thinking needed for numeric tasks.
• Team-oriented mindset to work across brokers and departments.

Responsibilities

• Participate in rotational program to learn the reinsurance basics.
• Assist Brokers and Senior Broker in production, design, analysis and administration of reinsurance programs.
• Prepare pre-renewal documents, underwriting submissions and organize quotations.
• Maintain files and liaise with claims, accounting, and contract departments.

Skills

Eager to learn

Relationship building

Numerical literacy

Team collaboration

Strong communicator

Problem solving

Attention to detail

Adaptable

Willing to work long hours

Job description

Reinsurance Broker Intern (Minneapolis Summer 2027))

Minneapolis, Minnesota, United States of America

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

Lockton Re will offer Broker internships during this upcoming summer. The interns will be exposed to multiple facets of the reinsurance industry, including client relations, technical service and project management. The rotational program is very "hands-on" and will give candidates a thorough induction to our business and our culture.

We are seeking individuals who will demonstrate an eagerness to learn, a willingness to communicate and an adaptability to changing environments. Lockton Re looks for students entering their junior or senior year who are interested in building a career in a fast-paced industry.

• 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.

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
• Agood communicator, both verbally and in writing- telling a compelling story and conveying your ideas clearly is what reinsurance broking is all about
• Ableto 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

Equal Opportunity Statement

Lockton Companies is proud to provide everyone anequal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learnsfrom, celebrates and thrives because of ourbreadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.