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2025 Summer Internship - Claims

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Arch Capital Group Ltd.

3mo ago

  • Internship
    Full-time
    Summer Internship
  • London
  • Quick Apply
    21d left

AI generated summary

  • You should have a minimum 2:1 degree, strong analytical and interpersonal skills, excellent work and academic records, and a passion for the insurance industry.
  • You will manage claims, update files, agree payments, network with brokers, work on projects, handle losses, write reports, and review Third Party Administrators’ performance.

Requirements

  • Expected/achieved minimum 2:1 classification in any degree discipline
  • Arch seeks candidates who have excelled in previous work experience, demonstrated outstanding academic and extracurricular achievement, possess strong analytical, quantitative, and interpersonal skills, and are enthusiastic about the insurance industry.

Responsibilities

  • Assist in the management of bordereaux claims.
  • Assist Claims Handlers with keeping updated correspondence on files.
  • Where instructed, agree payments and reserves on relevant systems.
  • Attend networking opportunities with our Brokers and experts.
  • Work independently on projects.
  • Adhering to the Arch Insurance UK Ltd reserving philosophy and ensuring claims are reserved in a consistent and accurate manner.
  • Responsibility for handling losses within delegated authority.
  • Writing and reviewing internal large loss reports.
  • Representing Arch in a lead and follow capacity in the London market.
  • Work alongside our technical experts i.e. lawyers, loss adjusters and forensic accountants.
  • Review and provide feedback on the performance of Third Party Administrators (TPAs).

FAQs

What is the duration of the Claims Summer Internship?

The Claims Summer Internship runs for 8 weeks, from Monday 23rd June 2025 to Friday 15th August 2025.

Is the internship a paid opportunity?

Yes, the Claims Summer Internship is a paid opportunity.

What educational background is required for this internship?

Candidates are expected to have a minimum of a 2:1 classification in any degree discipline.

When does the application window open and close?

The application window opens on Wednesday 2nd October 2024 and closes on Friday 24th January 2025.

What kind of tasks will interns be responsible for during the internship?

Interns will assist in managing bordereaux claims, updating correspondence on files, agreeing payments and reserves, attending networking events, and working independently on projects.

What skills will be developed during the internship?

Interns will develop skills in claims handling, communication and negotiation, commercial thinking, teamwork, organizational discipline, results delivery, relationship building, and interpersonal communication.

Will there be any training provided during the internship?

Yes, comprehensive training and support will be provided throughout the Summer Internship Programme.

How will successful applicants be notified?

Successful applicants will be contacted during the week commencing 27th January 2025 and invited to participate in online interviews.

What is the expected profile of candidates for this internship?

Arch seeks candidates who have excelled in previous work experience, demonstrated outstanding academic and extracurricular achievement, possess strong analytical and interpersonal skills, and have enthusiasm for the insurance industry.

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Arch Capital Group Ltd.

Finance
Industry
5001-10,000
Employees
2001
Founded Year

Mission & Purpose

Arch is a leading global insurer with operations in more than a dozen countries. We write insurance, reinsurance and mortgage insurance on a worldwide basis, with corporate headquarters in Bermuda. Our customers value us as an innovative partner and dependable risk manager with decades of fresh ideas and solid results. Since our formation in 2001, Arch has grown organically, by building capacity in diverse lines of insurance, and through targeted acquisitions of businesses that enhance our offerings and fit our culture. We see our employees as our greatest asset and we’re deeply committed to doing what’s right for our people and the communities where we live and work. That’s why we offer what matters to our expanding, diversifying team — from a collaborative and creative environment, to professional growth opportunities and forums to advocate for one another and spark change. As a corporation, we support initiatives to improve housing, education and equity around the world. At the same time, we encourage our employees to give to the causes that matter to them by providing Volunteer Time Off and Matching Gifts programs. Whether you’re looking for an insurance solution, a place to grow your career or simply to better understand what we offer our shareholders, we’re glad you’re here. ATTENTION JOB SEEKERS Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. If you receive a communication or email, please be vigilant to fraudulent activity asking you to submit any personal information. DO NOT send money or share any details with someone suggesting they can provide employment with Arch. Your information should only be entered into our official job portal. Please know the following about our interviewing and hiring practices: We never make job offers without a formal interview process. We never ask you to send money of any kind.