Why join us?
Everest is a leading global reinsurance and insurance organization with extensive product and distribution capabilities, a strong balance sheet and an innovative culture. Throughout our history, Everest has maintained its discipline and focus on creating long term value through underwriting excellence and strong risk and capital management.
Our strength is in our people
At Everest, we believe that our future is determined by the actions we take today. Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate. Everest’s value commitments include: providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks.
When the worst happens, a policyholder is reliant on their Insurer to help them recover and move forward. But what happens when a hurricane hits the USA, a major music festival is cancelled because of Covid, or a CEO’s ill-timed tweet plunges a company’s share price? Thematic events like this can result in huge losses for Insurers and that is where reinsurance comes in.
The job of the insurance underwriter is to select, price and optimise a portfolio of such risks. Our job as the reinsurance underwriter is to assess which insurers to reinsure, to assess their portfolios on a class by class basis, to price for assuming a portion of their risk and to structure our own portfolios of risks which bring diversity and strength to our reinsurance organisation.
Our Graduate Underwriting position will be a rotation programme across different Underwriting teams. You’ll receive excellent on-the-job training from our highly respected and experienced Underwriters. You will be fully supported with study-time and financial incentives to become professionally qualified through the Chartered Insurance Institute.
The rotations you complete will give you the opportunity to gain an understanding of different lines of business, start to build key relationships and gain knowledge around the type of risks we underwrite.
You will have the opportunity to rotate through our “Short Tail” and “Long Tail” underwriting teams. Short Tail classes include lines of business such as Property, Engineering & Construction, Event Cancellation and Accident & Health. Their short tail refers to the length of time between the policies being written and any claims being settled. Long Tail classes are also known as Liability or Casualty classes and include lines such as Employers’ Liability, Public Liability, Motor, Directors & Officers, Financial Institutions and Cyber. Their long tail reflects the litigious nature of the losses which require lengthy legal proceedings in order to determine culpability and ascertain financial quantum.
- Assist underwriters’ during the underwriting process, production of management information, business development and marketing.
- Entry of risk information and the production and maintenance of underwriting files.
- Monitoring and maintaining accurate and up to date risk data on the underwriting systems.
- Interact with other teams within Everest Re such as Actuarial, Claims and Finance.
- Maintain and develop key relationships including brokers and external clients, responding to client queries in an accurate and timely fashion.
- Attend client meetings as required.
Beyond your day-to-day activities we encourage you to network within the Insurance community and to support others through our Diversity Equity and Inclusion initiatives, Mentoring Programs and Charity Outreach Programs.
What we are looking for
The position is open to Graduates that are hoping to build a career with a globally recognised name located in the world’s leading marketplace for Re/Insurance. We are looking for graduates who are curious and eager to learn! You will be a strong communicator and enjoy building relationships and collaborating with others.
- You should have achieved (or be on target to achieve) an upper second class (2:1) degree or higher from a recognised university in any discipline.