General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. Its direct reinsurance companies conduct business as Gen Re.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.
General Reinsurance, Cape Town Branch (a subsidary of General Reinsurance AG) is offering an opportunity for Actuarial Student Internship in our Life Australia, UK, SA, Canada division.
Gen Re is offering a one-year internship program in the life pricing team. The internship is based on a high level of empowerment within an exceedingly productive environment, combining on the job training with training phases. This great opportunity will enable you to learn from within an established pricing team and collaborate with actuaries across various disciplines in the business. During your time you will gain particular knowledge about reinsurance standards and guidelines, pricing, risk management, tools and, of course, clients.
The key responsibilities of the role:Preparing quotations for new business and reviews of existing business for the group life business line.Support of analysis and assessment of group life reinsurance portfolios for the purposes of risk management, experience studies, planning and quotation.Monitoring and provision of management information statistics.Assistance with maintaining the Company’s pricing guidelines and pricing tools.Interaction with group life clients.
Completed a relevant University degree involving actuarial studies.The ability to work in a methodical manner with good numerical and analytical skills.Able to multi-task and work under pressure in meeting internal and external deadlines.Strong problem-solving skills, particularly when in new situations or dealing with clients.Very good familiarity with MS Office, especially Excel.Strong verbal and written communication skills.
Our AddressGeneral Reinsurance Africa Ltd.(Reinsurer licensed to conduct composite insurance business)2nd Floor, Waterway House North, V&A Waterfront,
Cape Town, 8002 (South Africa)
Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.
Gen Re is a leading property/casualty and life/health reinsurance company. We are owned by General Re Corporation, a reinsurance holding company for global reinsurance and related operations and a subsidiary of Berkshire Hathaway Inc.
Gen Re delivers Treaty and Facultative reinsurance solutions to companies in all segments of the insurance industry. Our direct business model ensures our clients have direct access to decision makers, and underwriting, actuarial and claims experts, who understand and support their business objectives.
Gen Re is headquartered in Stamford, Connecticut. A network of 37 branch and subsidiary offices are located globally in key markets.
Our professionals bring a combination of local knowledge and global strength to our clients. We work closely with our clients to understand their objectives so that we can provide relevant capacity and differentiated services to them.
Gen Re hires and trains the best underwriters, actuaries and claims professionals in the industry. We are in the risk assumption business - just like our clients - so the work that we do on a daily basis is a valuable component of how we see and evaluate risk. We share this experience with our clients in various ways - via direct underwriter-to-underwriter dialogue, research, technical seminars, underwriting and claims roundtables and audits, to name a few.
For more information about Gen Re and access to all our current publications, please visit us on www.genre.com.
