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Graduate Open Day: Find out what it would be like to work for the London insurance market on 16 October 2017

 

LMG Representing the London specialist insurance market

Insurance – Will you take the risk?

 

Save the date for a Graduate Open Day to find out more about the rewarding career opportunities that the London Insurance Market offers ambitious young people.

Insurance is an exciting and diverse sector: it balances risks (catastrophic hurricanes or a world-wide cyber breach) against probability and rapidly changing environments and customer demands. The London Insurance Market is the world-leading hub for insurance and reinsurance, employing over 52,000 people and handling $91bn worth of business. Come and find out how to be a part of it, and all the various roles that working in this dynamic market offers.

The event is for undergraduates and we are particularly encouraging applications from women. The event will include interactive presentations and workshops and a networking opportunity with potential employers. You will also get to visit two of the City of London’s most iconic buildings not usually open to the public – Lloyd’s of London and the Leadenhall Building (‘the Cheesegrater’).

Date: Monday, 16 October 2017

Time: 10.30am – 5.30pm

Venues: Lloyd’s of London and the Leadenhall Building

The day is free to attend but places are limited. To register your interest or for more information, contact Faye Roney

In the meantime, why not find out more about career opportunities at London Insurance Market organisations by following @londoninsurancelife on Instagram and Facebook and @londoninslife on Twitter.

LMG

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Only a few days left to apply for THB  – a graduate scheme in insurance – work in the City!

THB graduate scheme now open - work in the City!

Insurance is not a sector that many students think about who are interested in a career in finance. Yet the sector employs a high number of grads in prestigious premises in an industry that is growing, with a good work/life balance.  Having spoken to many young grads in the sector, they have talked positively to me about having interesting and  challenging work, with early responsibility. This is a new grad scheme and THB are interested in grads of any discipline.

THB is a specialist mid-sized insurance and risk management company with more than 700 people, nearly $2 billion of premium placed and offices in:

Asia
Europe
Middle East
North America
South America

THB’s head office is in the heart of London, which is where it is hosting its new graduate scheme.

The Programme
The newly-launched, 18-month graduate programme offers you the chance to learn about roles within THB’s Technical, Claims and Broking teams based in London.

You will visit 3 or 4 business units, as well as spending time in Central Operations and undertaking an external placement. It’s a great way to understand how the business operates.

The aim of the graduate programme is to give THB a pipeline of talented people who want to develop a long-term career with the business.

You will receive:

  • An induction programme that gives you the essential skills and knowledge you will need to succeed at THB
  • Exposure to different part of the business
  • A short-term external underwriting placement
  • An appreciation of the roles of the THB central operations team
  • A THB mentor who will give you advice and support throughout the scheme
  • An active network of colleagues and resources.

Your Development
You will spend around one day per month focusing on your personal development during the programme.  You will attend relevant workshops available through the current in-house THB Learning and Development offering, in addition to technical and professional learning.

Your induction programme will quickly integrate you into THB, letting you navigate the business, building on processes, and equip you with an essential toolkit of knowledge, skills and behaviours to be effective during the programme and beyond.

As part of the programme you will complete the CII Award in London Market Insurance within the first six months and complete the CII Diploma in Insurance by the end of the programme. Beyond that you would be expected to achieve full ACII status within 2-3 years.

Every graduate will be matched with an existing THB employee to mentor and support you.

Requirements  
You are welcome to apply to the THB programme if:

  • You are eligible to work in the UK
  • You have a 2:1 degree or above in any subject
  • You have GCSE (or equivalent) Maths and English – minimum grade C.

THB is a relationship business so we are looking for enthusiastic people with fantastic communication skills, a great work ethic, the desire to learn and the ability to build relationships really quickly.

How to Apply
We want to make sure you are right for us and we are right for you, so our selection process is challenging. It’ll give you a great insight into how we do things at THB.  The stages are:

  1. Application with CV and cover letter – deadline 31 January 2017
  2. Telephone interview – during February 2017
  3. Verbal and numeric reasoning tests – during February 2017
  4. Full day assessment centre including interviews – 25 April 2017

Application to the scheme does guarantee a particular role or business unit – permanent placement will be confirmed towards the end of the programme.

To apply, send your CV and cover letter to recruitment@THBGroup.com, explaining why you think you are the right person to join the programme. More info is available on the Careers page of their website.

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The Discover Risk website – a mine of great jobs – and not just in finance!

 

Ant portraitHello again

In my job as a careers consultant at City, I sometimes take time to promote job vacancies. And today, I want to highlight some vacancies at XL Catlin, a global insurance and re-insurance firm. The insurance sector is a big recruiter of graduates, though not many students are aware of this. It is a also growing sector that offers steady employment and a good work-life balance. So insurance is clearly a good option for students interested in a career in finance – but who else might it suit? Well, XL Catlin are currently looking for a Compliance Trainee. So this might particularly suit a Law student who has decided against becoming a solicitor or barrister, although it could suit students who are studying other subjects too. The company are also looking for a Marketing Trainee. Marketing is a notoriously competitive career to get into as a graduate and often people who are interested in marketing only think of firms like Unilever and Nestle. But many good openings can be found in financial marketing and with experience you can then choose to move into a different sector if you like. Another interesting vacancy they have is for a Trainee Underwriter which is a client-facing role that requires good communication skills as well a strong analytical skills.  As well as these roles, the firm is also looking for a Business Management Trainee and a Finance and Accountancy Trainee at the moment plus other positions. Interestingly, XL Catlin accepts 2:2 degrees alongside 280 UCAS points (BBC).

Here is some more info about XL Catlin’s current vacancies and here’s a you can link to Discover Risk website which tells you about the insurance sector and includes lots of job vacancies.

 

 

 

 

 

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Paid global internships

One of the major brands in insurance and risk is AIG, which operates in 130 countries. Insurance companies are often interested in receiving applications from students and graduates of any discipline.

Like many large firms, AIG offers paid internships for penultimate and Masters students. An internship will give you exposure to business operations and functions and the chance to work on a variety of projects.The major difference is that the AIG offices that students can work at are in the following locations:

  • Frankfurt
  • Milan
  • Paris
  • Johannesburg
  • Brussels
  • Madrid
  • Stockholm
  • Oslo

AIG say “Student CVs with international experience stand out from the crowd in any field, and this is particularly true of our global sector. So students could spend ten weeks working with underwriters, gaining hands-on experience and technical knowledge as well as using their foreign language skills. You can visit our website for more information”.

Worth a look in? Closing date for applications 30 Jan 2015.

 

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Guest blog post: Caspar from CII talks tips for students in the City

Caspar Bartington 05

Caspar Bartington is the Chartered Insurance Institute’s Relationship Manager for Education and can be contacted on discover@cii.co.uk – and on Linkedin: http://linkd.in/1uAsocI 

“Getting your first placement or job does not have to be a daunting experience. With the world’s leading financial centre on your doorstep, City University students are ideally-placed to take advantage of a huge diversity of roles. Some are well known, some less so.

The CII is the world’s largest professional body for insurance and financial services. Or, should you prefer, risk management and wealth management. We have more than 115,000 members in over 150 countries. That gives us plenty of insight into employer sentiment.

Each year, I meet students at universities around the country, who ask me what they can do to increase their chances of securing an internship or graduate place. So, here are the views from where I stand:

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The Most Boring Graduate Career?

Insurance! The mere word makes students look at me in horror or disbelief when I mention it as a career pathway which offers  excellent career opportuities for graduates. But why? I suspect many wrongly think it’s about cold calling clients,  door to door selling of life or car insurance or processing boring paperwork.  Actually, just the opposite comes over when I meet trainees on graduate schemes such as Willis, Allianz, Lloyds of London, Hiscox  and  Zurich who describe their roles as interesting and challenging, with plenty of early responsibility. Insurance could be described as managing risk in a fast moving world, within the field of financial services. Within insurance there are opportunities for graduates of any discipline, but for some pathways a degree in business or numerical discipline is preferred. As well as specialist pathways in risk management, there are also pathways for graduates interested in a career as an acountant or as a technologist as well as general management.

The graduate scheme at Zurich clearly demonstrates the excellent opportunities on offer and I guarantee it will dispel some of the myths about insurance!http://www.zurich.co.uk/graduates/ourgraduateprogrammes/ourgraduateprogramme.htm For this prestigious scheme a 2:1 and 280 UCAS points are required. Continue Reading