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Come grow with James River Insurance!
James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.
At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards.
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.
Job Summary
James River Insurance is seeking an Underwriting Intern for the Summer of 2024. This will be a 9-week remote internship, generally early June to early August. Opportunities are available in our Excess Casualty underwriting division.
As a James River Insurance Intern, you will be given the opportunity to learn from some of the best commercial insurance professionals in the country within a small team setting. As part of the team, you will gain exposure to and experience with insurance processes through mentorship, projects, job shadowing, technical developmental trainings, and professional development sessions. Interns will have the opportunity to gain a broader view and understanding of Excess & Surplus insurance. This is a paid internship.
Our Interns learn to calculate premiums and determine proper terms for acceptable risks as well as review and analyze underwriting data to determine if risks meet corporate underwriting standards.
Duties and Responsibilities
- Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
- Increase knowledge of key insurance concepts through on-the-job training, assigned manuals, and self-study
- Begin to learn how to review submissions, analyze and document key exposures, price accounts, and complete worksheets
- Gain understanding of underwriting decisions to accept, modify, or reject risks
- Assist in reviewing upcoming renewal applications and prior year files, to ensure risk still meets underwriting requirements
- Assist in checking issued policies for accuracy
- Help prepare files for quoting
- Assist with assigned underwriting projects
Knowledge, Skills and Abilities
- Aptitude for learning how to effectively assess risk
- Excellent verbal and written communication skills
- Ability to work independently or in a team environment to complete assignments within the parameters of instructions given, prescribed processes and standard accepted underwriting practices
- Effective problem solving and decision-making skills
- Strong negotiation skills
- Ability to multi-task
- High level of initiative and motivation
- Strong work ethic with a drive to succeed
- Solid customer service and relationship building skills
- Proficiency in MS Office (Word, Excel, Outlook) and Internet researching
Experience and Education
- Enrollment in an accredited college or university majoring in Business, Accounting, Economics, Risk Management & Insurance, or related field.
- Expected graduation date of December 2024 or Spring 2025 preferred
- Job Family Administration
- Job Sub Family Administration
- Pay Type Salary
- Employment Indicator Internship