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Lockton Re Actuarial Internship 2025

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Lockton Companies

5d ago

  • Internship
    Full-time
    Summer Internship
  • Data
    Business, Operations & Strategy
  • London
  • 16d left

AI generated summary

  • You must be a penultimate year student on track for a 2:1, have 3 A Levels including Math at grade A, and possess strong numerical, analytical, and communication skills.
  • You will quantify client risks, collaborate with broking teams, design reinsurance products, advise on claims, and link clients with reinsurers while negotiating terms.

Requirements

  • Our Actuarial Internship Programme is open to all penultimate year undergraduate students, who are curious and eager to learn, regardless of degree subject.
  • You are a strong communicator, have excellent numerical and analytical skills and enjoy building relationships and collaborating with others.
  • A desire to provide a best-in-class project delivery
  • A positive, proactive, can-do attitude, even when under pressure
  • Organised and proactive with the ability to plan own workload
  • Quality-driven with great attention to detail
  • Adaptability, as the insurance landscape is ever-evolving and a fast-paced environment
  • Minimum requirements:
  • Penultimate year students only (2nd year of a 3-year course or 3rd year of a 4-year course)
  • You will be on track to achieve a 2:1 degree (or equivalent) in any subject*
  • Three A Levels, including Mathematics at grade A or above
  • *Please note that you do not require a Mathematics or Actuarial Science degree, however, due to the nature of actuarial work you need excellent numerical skills.

Responsibilities

  • Our clients range from specialist insurers to multi-national insurance and reinsurance companies.
  • We build relationships with our clients, understand their needs, provide advice on reinsurance products, create a link between clients and reinsurers, negotiate terms and provide advice on claims.
  • As an Actuarial Intern, you will quantify the risks faced by clients and work with our broking teams to design and evaluate reinsurance products which mitigate those risks.

FAQs

What is the duration of the Lockton Re Actuarial Internship?

The Lockton Re Actuarial Internship lasts for 6 weeks.

When does the internship program start?

The internship program starts on Monday, 16th June 2025.

Is this internship paid?

Yes, the internship is a paid program with a competitive salary of £2,900.

Who is eligible to apply for the internship?

The internship is open to all penultimate year undergraduate students, regardless of degree subject, who are curious and eager to learn.

What qualifications are required for the internship?

Applicants must be in their penultimate year of study, on track to achieve a 2:1 degree (or equivalent), and must have three A Levels, including Mathematics at grade A or above.

Where is the internship located?

The internship is based at Lockton’s central London office, located near the iconic Lloyd's of London building (EC3A 7AG).

How do I apply for the internship?

To apply for the internship, you need to submit your CV only by the application closing date of Tuesday, 7th January 2025.

Will I receive any support during the internship?

Yes, as an intern, you will be supported and mentored by experts from across the business and participate in training sessions to grow your knowledge.

Are there opportunities for successful interns after the program?

Yes, successful interns may be fast-tracked onto Lockton's Graduate Programme the following year.

Does Lockton offer any diversity support for applicants?

Yes, Lockton is committed to removing barriers to entry and can provide a range of discretionary support options to applicants if required.

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Lockton Companies

Finance
Industry
10,001+
Employees
1966
Founded Year

Mission & Purpose

What makes Lockton stand apart is also what makes us better: independence. Lockton's private ownership empowers its 10,750+ Associates doing business in over 140+ countries to focus solely on clients' risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.