Reinsurance Broker Intern (Minneapolis Summer 2027)

Lockton; Minneapolis (MN); On-site; USD 25,000 - 34,000; Full time

Job summary

Lockton Re offers Broker internships for the upcoming summer, exposing interns to multiple facets of the reinsurance industry. The program is hands-on with a thorough induction to our business and culture.

We seek junior or senior-year students eager to learn, communicate, and adapt in a fast-paced environment, supporting brokers and various teams in production, documentation and analysis.

Qualifications

• Currently a junior or senior in university and eager to learn about reinsurance.
• Excellent written and verbal communication; able to build relationships.
• Numerically literate with ability to reason about numbers and basic math.
• Collaborative, team-oriented and adaptable to changing environments.
• Willing to work outside of normal business hours as needed.

Responsibilities

• 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.

Skills

Eagerness to learn

Strong communication

Adaptability

Numerical literacy

Team player

Detail-oriented

Creative problem solving

Relationship building

Flexible hours

Education

Pursuing Bachelor's degree (junior or senior)

Job description

Your Responsibilities

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
• A good communicator, both verbally and in writing - telling a compelling story and conveying your ideas clearly is what reinsurance broking is all about
• Able to 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