Role Title: 12-month Placement Student
Division: Various
Location: 20 Fenchurch Street, London
Type: 12-month Fixed Term Contract
Are you in your penultimate year at university and looking to do a Placement year?
We are offering students with an interest in insurance the chance to kick-start an amazing career in the industry!
As part of the Liberty Mutual Insurance Group (LMIG), our global, award-winning business strives to make the world a safer place by providing continuity in an unpredictable world. The Liberty International Insurance (LII) and Liberty Mutual Reinsurance (LMRe) Placement Year Program will provide you with the opportunity to shape and influence your own career path.
The Placement Programme:
Our program provides insights into how our high-performing, global organisation operates within the insurance industry. You’ll have the opportunity to apply your knowledge, skills, and insights in a real-world setting, joining a business area that aligns with your interests and abilities. During your placement, you’ll gain hands-on experience with exciting projects within a specific area that you will be aligned to; such as Underwriting, Claims, Surety, Exposure Management, Portfolio Management and Data Analytics.
What You Can Expect:
Throughout your Placement Year, you’ll experience what it’s like to work at LII/LMRe. You’ll be welcomed into a team and work on live projects with skilled and experienced colleagues, giving you the chance to dive in, take initiative, and make a real impact.
We offer an initial training programme along with tailored development, networking, and mentoring opportunities. These will provide you with the industry knowledge and exposure to our international locations and global industry leaders necessary for success.
While on placement, you’ll receive a competitive salary, with the opportunity to secure a place in our Graduate programme upon successful completion.
What You Need to Succeed:
We’re looking for university students in their penultimate year, predicted to achieve a 2:1 or equivalent, who:
- Are creative, innovative, and digitally oriented, embracing new ideas to futureproof our business.
- Are open-minded, resilient, and focused on building sustainable, collaborative relationships.
- Possess a passion for data-driven analytics and a talent for transforming complex data into actionable business insights.
- Are fluent in English, both written and verbal (additional languages are a plus).
- Have the right to work in the UK.
What We Can Offer You:
At LII/LMRe, we value diversity, inclusion, and collaboration. We actively encourage students from varied backgrounds, including those with disabilities, to apply. We know that bringing together diverse perspectives helps us make better decisions, deliver innovative solutions, and reach our goals.
As part of Liberty Mutual Insurance Group, we benefit from the strength of approximately 45,000 employees across 800+ offices worldwide, enjoying a culture of inclusivity, long-term stability, and financial strength.
We are an equal-opportunity employer, committed to a healthy work-life balance, corporate social responsibility, and ESG initiatives across our business.
In addition to a competitive benefits package, we reward individuals based on performance, ability, and attitude.
An example of some of the teams you have the opportunity to work in:
Supports Underwriting teams with modeling of natural catastrophe (e.g., earthquake, windstorm) and non-catastrophe risks (e.g., terrorism).
Assists in decision-making for underwriting and pricing, helping to optimise portfolios, manage risk limits, and provide post-event loss estimates.
Collaborates with various departments across the business.
Preferred degree: Natural Science, Geography, Mathematics, Science, or Business; proficiency in Excel is a plus.
Underwriters assess risk and work with brokers to create policies that balance clients’ needs with company risk.
Various lines of business, such as Marine, Construction, and Property insurance, offering insight into diverse insurance practices.
Preferred degree: Various
- Management Information (MI) and Analytics
Provides the business with data to support effective decision-making within Underwriting, Management and other business functions. It consists of several specialised teams:
Insights Team: Acts as the face of the MI department, liaising with the business to understand and meet its data needs.
MI Services: A technical team responsible for maintaining and creating databases.
Claims Team: Handles data and insights related to claims.
Governance Team: Ensures data management policies and compliance.
Reconciliation Team: Manages data reconciliation processes.
Operational Performance Team: Monitors and reports on operational metrics and performance.
Preferred degree: Mathematics, Statistics, IT, Business, or related disciplines namely STEM disciplines.
Supports the underwriting process by analysing risk profiles and creating tailored insurance solutions for clients.
Offers exposure to various lines of business and portfolio management strategies.
Works with experienced underwriters to balance profitability and risk.
Preferred degree: various
Ensures smooth business operations by working across multiple functions to support growth and innovation at Liberty.
Helps improve processes to drive efficiency and project delivery.
Preferred degree: various
Engages in managing insurance claims, from assessing losses to negotiating settlements with clients.
Collaborates with underwriters, brokers, and legal teams to resolve complex claims, gaining insight into the claims process’s impact on client relationships and the business.
Preferred degree: various
Surety bonds and guarantees, such as bank letters of credit, provide financial security in business transactions and are essential in regions with high construction activity and regulated industries.
The surety market is led by major insurance groups, with Liberty Mutual as the largest global provider, and London as a key hub for non-US underwriting.
A career in surety offers diverse skill development in areas like credit analysis, legal expertise, and client relationship management.
Recruitment Timeline:
- Online applications open
- Online assessment and interview
- Assessment Centers
