IASDA 2014 Scholarship Program Information and Application Form

IASA is pleased to announce the launch of our 2014 Scholarship Collegiate Scholarship Program. IASA is one of the insurance industry’s oldest and largest associations focused on providing education to insurance professionals.

IASA is pleased to announce that we will award collegiate scholarships in 2014 to students at a sophomore level or above enrolled in a university with an insurance program and whose course of study is working toward a degree in Information Technology, Actuarial Science, Accounting or Risk Management.

For additional information about the 2014 IASA Scholarship Program, please refer to the attached brochures and application, contact me, or visit the IASA website http://www.iasa.org/Scholarship

John W. O’Hara
johnwohara@comcast.net
(708) 860-6721 ©
2014 IASA Scholarship Application_Final.docx
2014 IASA Scholarship_Brochure.docx
2014 INSURANCE INDUSTRY COLLEGIATE SCHOLARSHIP PROGRAM (2).docx

Intermediaries & Reinsurance Underwriters Association Internship Opportunity (Application due 2/01)

IRU Summer Internship Program

The IRU intern program provides an opportunity for college juniors and seniors to learn about the reinsurance industry and gain practical experience in its operation. It also provides the intern an opportunity to evaluate reinsurance as a potential career.

Sponsorship of an intern is by participating IRU members. Each intern will spend eight weeks during the summer gaining “hands-on” experience in the reinsurance industry. In an effort to maximize the intern’s exposure to the overall business, it is intended that each intern would spend four weeks with an underwriting sponsor and four weeks with an intermediary sponsor. Due to logistics, this ideal situation is not always possible.

At the conclusion of the program, each intern is required to submit a paper to the IRU Internship Committee. The paper should evidence the depth of knowledge attained in a specific segment of the business via the internship experience, as well as outside research. Each intern is encouraged to select a topic that is of particular interest to them, utilizing the expertise of their sponsors and the contacts made during the program. The papers will be judged by the Internship Committee.

The intern submitting the most outstanding paper, as judged by the committee, will be eligible to receive a $2,500 scholarship provided by the Angus Robinson, Jr. Memorial Foundation and may be invited, as a guest of the Association, to the following IRU Spring Conference – usually held somewhere nice! The selection committee reserves the right to split the award in the event of a tie.

Intern Qualifications

1. Full-time student enrolled in an undergraduate program at an accredited 4-year College or University. Students should be entering at least their junior year and have at least one term remaining following completion of the intern program.
2. Overall grade point average of at least “3.0” and two recommendations from Faculty Adviser, Dean or Department Chairman.
3. Enrolled in degree program with major in Insurance, Economics, Business or related field. 4. At least 18 years of age and U.S. Citizen (or legal to work in the U.S.).

Selection of Intern

1. Each member of the Internship Committee will be provided with data on all qualified candidates. The number of intern positions available depends on the number of IRU members deciding to sponsor one or more interns for the year. Final selection of candidates to be accepted into the program, as well as placement with sponsoring underwriters and brokers, will be made by the Internship Committee.
2. A member of the Internship Committee will act as Adviser to each Candidate accepted into the program. The adviser will act as liaison between the Intern and IRU, help coordinate details of the Intern’s summer work and monitor the Intern’s progress.

The Reinsurance Industry

There are over 50 property and casualty reinsurance operations in the United States writing in excess of fifteen (15) billion dollars of reinsurance premium annually. Most of the premium is written by professional reinsurers many of whom are members of the Intermediaries & Reinsurance Underwriters Association.

The reinsurance industry has two distribution systems. One is defined as “direct markets” where an employee of the reinsurance company solicits business directly from the ceding company. The other system is called “broker markets.” This market receives business submissions from professional reinsurance intermediaries (generally called brokers) who are typically not affiliated with the markets (reinsurers) they utilize when placing coverage; the broker solicits business from the ceding company and contacts one or more reinsurers who set price and terms for the business.

Financial Support

The sponsoring underwriter or broker will compensate their intern at a minimum rate of $450.00 per week.

Timetable (Approximate)

02/01

Deadline for Applications

03/01

Placement of candidates selected for program

06/01 – 08/15

Intern period (8 weeks during 10-week period)

09/01

Papers due

10/01

IRU Intern of the Year – Angus Robinson Jr. Memorial Foundation Scholarship recipient announced

Full details of the program and an online application form may be found on our website – http://www.irua.com

HELP REQUESTED: AIG Underwriting Internship Program & GIS Partnership

This sounds like an excellent opportunity for members of GIS and for that matter anyone interested in pursuing a risk management/insurance career!

From: Shulman, Philip

Sent: Wednesday, January 22, 2014 1:58 PM
To: James Garven
Subject: HELP REQUESTED: AIG Underwriting Internship Program & GIS Partnership

Dear James,

By way of introduction, my name is Philip and I am a member of American International Group’s (AIG) University Relations team. Our team is responsible for all the summer intern and full-time entry level hiring globally and across all functions of AIG.

Given our ongoing partnership with Gamma Iota Sigma’s national organization, we recognize the strength of GIS and its students as a key talent pool for our industry, particularly given the Risk Management and Insurance focus. I am e-mailing you because I have just recently posted our 2014 Underwriting Summer Internship position on Baylor University’s campus recruiting portal and would like to ask if you would please encourage other GIS members and any other interested students to apply to this position. Please note that the application deadline for this position is Sunday, March 2nd, 2014.

Candidates who are selected to interview with us will not only have the opportunity to interview in our Dallas/Houston office, but will also be invited to attend our AIG Underwriting Internship Symposium in late February/early March. At this symposium, students will have the opportunity to learn about both AIG and our internship program, and have the chance to network with professionals.

Gamma Iota Sigma Interest Meeting: January 23 at 5 p.m. in Cashion 305

Gamma Iota Sigma is a professional and international risk management, insurance, and actuarial science fraternity that is open to all business and math students. We offer multiple scholarship opportunities, certification reimbursements, meetings with recruiters offering internship and job opportunities, and reimbursed professional trips. The first interest meeting will be this Thursday in Cashion 305 at 5 p.m. and will discuss membership and what the next semester will look like for Gamma Iota Sigma. For more information, contact David Giraldi at David_Giraldi@baylor.edu.

The Republic Group: Underwriting Job Opportunity

Hello Gamma,

Cyndi Shelton with The Republic Group recently contacted me and told me they are currently looking to hire seniors graduating this May (’14) who are interested in Underwriting.

This would be a full time Underwriting position starting this summer in their Dallas office.

Her number is (972) 788-6113.

Feel free to contact me if you have any addition questions.

Ryan Campbell
President, Fall 2013
Ryan_Campbell1@alumni.baylor.edu
(817) 944-0493

Below you will find a link to The Republic Group’s website and Ms. Shelton’s LinkedIn page:

https://www.republicgroup.com

http://www.linkedin.com/pub/cyndi-shelton/33/a2a/64a

Claim Management Internship Opportunities

I’m pleased to advise you that we are now opening applications for the 2014 CLM Claim Management Internships. Our intern program has more than 30 openings across the country with several leading insurance companies, including:

  • ACE
  • Allied World Assurance Company, Ltd.
  • Arrowpoint Capital
  • Aspen Specialty Insurance Solutions
  • Berkley Life Sciences, LLC
  • Chubb
  • CNA
  • Colony Specialty Insurance
  • Direct General
  • Infinity Insurance
  • Louisiana Citizens Property
  • Merchants Insurance Group
  • People’s Trust
  • Swiss Re America Holding
  • The Hartford
  • The Republic Group
  • XL Specialty Insurance Company

Interns are paid $6,400 for the eight-week internship and are given the opportunity to earn a claim adjuster license. I’m attaching a flyer that can be shared around campus. The application can be found at:

https://www.theclm.org/InternshipInformation

I have also posted to your school’s career center, but wanted to bring this to your attention so you can share the flyer with interested students.

Susan

Susan Wisbey-Smith

Communications Manager | CLM

Managing Editor | Litigation Management

847-317-9103

CLM Claims Management Internship 2014.pdf