Life Actuarial Intern

Nashville, TN, USA Req #445
Tuesday, October 11, 2022

Fortitude Re is a liability-led reinsurer of legacy insurance portfolios complemented by sophisticated investment capabilities. In 2016, AIG created a “Legacy” portfolio as a separate non-core segment representing insurance reserves associated with discontinued lines of commercial Property & Casualty and Life & Annuity insurance businesses. The following year, AIG formed a Bermuda-domiciled composite reinsurer, now Fortitude Re, to house the Legacy portfolio in a separate, distinct, well-capitalized balance sheet with a dedicated management team. In 2018, the company entered into a series of L&A and P&C reinsurance transactions with AIG and received an initial capitalization of ~$3 BN. The transactions represented ~$37 BN of reserves supported by ~$40 BN of invested assets. During this time, AIG also entered into a long-term partnership with The Carlyle Group, with Carlyle acquiring 19.9 % ownership. Then in 2019, The Carlyle Group and T&D announced acquisition of majority interest in Fortitude Re from AIG. This allowed for a new long-term shareholder base for the company while maintaining a strong capital position for supporting reinsurance obligations. Click here for more information about Fortitude Re.

Position Summary

 

Location:                                  Nashville, TN

Travel:                                      0% to 15%

Experience:                              0+ years

GPA:                                        3.0/4.0 required

 

Becoming an actuarial intern is a great way to enhance your business acumen and gain insight into our industry. Interns are placed into meaningful roles that have an immediate and integral impact on the business.

 

The internship lasts approximately 10 weeks. Interns will join our actuarial team which offers a unique opportunity to obtain core technical knowledge and professional skills across many different business lines. In addition to the experience acquired on the job, interns have the opportunity to learn directly from senior management, participate in webinars, and contribute in discussion forums.
 

Key Responsibilities

Actuarial professionals have the pivotal role in driving the results at Fortitude Re, and are integral to the company’s success with their expertise in quantitative analysis, insurance pricing, loss reserving, and risk quantification.

 

Specifically, the Fortitude Re Life Actuarial team is responsible for determine reserve valuations and financial reporting; developing long-term projections of our insurance products to be used for a variety of internal analytical and regulatory purposes; performing experience studies; and setting assumptions for Life, Annuity, and Accident & Health blocks of insurance.


Position Requirements

Fortitude Re seeks candidates who have excelled in previous work experience, demonstrated outstanding academic and extracurricular achievement, possess strong analytical, quantitative and interpersonal skills, and are enthusiastic about and committed to the insurance industry.

The ideal candidates will be bold thinkers with an entrepreneurial bent, and will possess a powerful blend of IQ (technical skills, consistent learning, statistical & financial acumen) and EQ (adaptive communication, empathy, listening skills, challenging with humility).

We also look for a diverse background of experience, culture, and thought. Successful candidates typically have a global perspective and a record of successful teamwork.

It has been and will continue to be the policy of Fortitude Group Holdings, LLC, its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories. 
                                                                                                                                                 
At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

Other details

  • Job Family AC - Actuarial
  • Job Function Associate/Sr Associate
  • Pay Type Hourly
Location on Google Maps
  • Nashville, TN, USA