Reinsurance Fac Broker Intern (Chicago 2027)

Lockton • Chicago, IL

2d

About The Position

Lockton Re, the global reinsurance business of Lockton Companies, helps businesses understand, mitigate, and capitalize on risk. With more than 400 colleagues in 19 locations globally, Lockton Re is growing and advancing the reinsurance industry through technology-enabled solutions and a people-focused approach to client service.

Lockton Re offers a summer Broker internship that introduces interns to several facets of the reinsurance industry, including client relations, technical service, and project management. The hands-on rotational program provides an induction to the business and its culture. Interns assist Brokers and Senior Brokers with client reinsurance programs and related documentation, coordination, and service, and develop and present a long-term project to the Broking team based on what they learn during the program.

Requirements

• Eagerness and willingness to learn.
• Interest in building relationships and interacting with customers, reinsurers, and colleagues.
• Numerical literacy, including the ability to reason about numbers and perform basic math.
• Collaborative and team-oriented approach.
• Strong verbal and written communication skills.
• Creative thinking and problem-solving skills.
• Care and reliability when handling detailed tasks, including reviewing work for errors and noticing inconsistencies.
• Adaptability in a fast-changing environment.

Responsibilities

• Participate in a rotational program to learn the basics of reinsurance.
• Become immersed in Lockton Re’s culture.
• Assist Brokers and Senior Brokers in producing, designing, analyzing, and administering reinsurance programs for client partners.
• Assist with preparing pre-renewal documents and underwriting submissions, and with organizing and tracking quotations.
• Assist with handling and maintaining files.
• Assist with liaising with claims, accounting, and contract departments to support consistent service standards.
• Assist with liaising with the Compliance department when necessary to ensure adherence to company guidelines.
• Develop and present a long-term project to the Broking team based on knowledge gained throughout the program.
• Provide Brokers and Senior Brokers with excellent and timely client service.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: No Education Listed