Underwriting Summer Intern - Sacramento - 2024

Victor Insurance Holdings is the world’s largest managing general underwriter with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $1.6 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor Insurance is committed to building on 65-plus years of experience to develop products that address risk in new and evolving areas.

The Victor Underwriting Intern will learn Victor's disciplined approach to underwriting risk assessment and decision-making, insurance market and competitor landscape analysis, product details, and policy life cycle. The intern will gain first-hand experience through an assigned summer project and presentation of the finding to senior management. Examples include analysis of predictive loss data, effectiveness of various risk management strategies and evaluation of new product opportunities.

Throughout the 9 weeks, summer interns will have an opportunity to collaborate with interns at other Victor subsidiaries.

Responsibilities may include (but are not limited too):

• Learning about the insurance market, policy lifecycle, risk modeling, systems, and overview of Victor's business units.
• Participating in instructor-led training; on-line courses, and shadowing A&E employees.
• Attendance at account review meetings and other meetings relevant to individual projects will further enhance learning opportunities.
• Project work will focus on business processes such as inspections, losses, and the cost of doing business.  Interns will work with the project sponsor to determine scope, resources, and develop timelines for milestones.
• Deliver a final presentation on the project, findings, and recommendations at the conclusion of the internship.
• Underwriting tasks and assignments will be tailored to intern’s project and career interests, schedule permitting.

APPLICATION REQUIREMENTS

• Current Juniors with an expected graduation date of December 2024 or May/June 2025
• Overall cumulative GPA of 3.0 or above at the time of application and start date
• Major’s: Risk management, finance, business, accounting or related fields
• Location: Sacramento, CA (hybrid schedule: 3 days in office per week)
• Applicants must have legal work authorization in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future.

The applicable hourly compensation for this role is $25/hr.

DIVERSITY MATTERS AT VICTOR

At Victor, we believe that diversity and inclusion are vital components of our future, and our goal is to leverage the unique skillsets that each person brings to the company. We provide our colleagues with a supportive, collaborative environment that leads to innovative ideas and the ability to make an impact.

Marsh

Marsh is the world’s leading insurance broker and risk adviser. With over 45,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy, and people. With annual revenue approaching US $20 billion and 85,000 colleagues worldwide, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.

Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.