ILS Bermuda unveils details of 2025 intern programme
ILS Bermuda has announced its summer 2025 internship and education initiatives with the Bermuda College.
Since 2017, ILS Bermuda has partnered with the Bermuda College as part of an education initiative which provides educational and work experience opportunities for College students, expanding their awareness and knowledge of the Insurance Linked Securities (ILS) and re/insurance sector with the ultimate aim of forging network connections that enhance their potential to enter this critical sector of the Bermuda jobs market.
Over the years, ILS Bermuda’s education initiative has broadened to a more comprehensive offering to include a funding partnership for paid summer internship opportunities with industry organisations exclusively for Bermuda College students where students can learn “hands-on” gaining valuable work experience. In 2024, there were five organisations in the ILS and re/insurance space that participated including: The Bermuda Monetary Authority, Marsh Management Services (Bermuda), Hiscox ILS, Integral ILS and Price Forbes. These five organisations have now confirmed their partnership commitment to the ILS Bermuda’s Internship Program for summer 2025.
In order to ensure that students receive well-rounded exposure and knowledge of the various segments of the ILS and re/insurance industry as well as essential skills for all employment opportunities, the education program consists of several modules that occur throughout the academic year.
Key elements of the full-year program include:
Attendance at the ILS Convergence conference at the Hamilton Princess between October 7th to 9th, where students enjoyed the opportunity to learn more about ILS and re/insurance by attending panel sessions and through support from ILS Bermuda’s education committee members for guidance and answers to their questions. Students were also encouraged to participate in social and networking events with conference attendees and ILS Bermuda education committee members.
The popular Lunch and Learn modules were conducted for the first time in 2023. The module was conceived from questions posed about various roles within ILS and re/insurance organisations by those Bermuda College students attending the prior year’s ILS Convergence conference. In this module individual students volunteer and directly arrange sessions with industry participants while being supported behind the scenes by the ILS Bermuda education committee members.
This year, a revamped one-on-one mentorship initiative has been launched. Mentors will work individually with students to augment the knowledge imparted in practical group seminars in areas such as resumé and LinkedIn profile development, scholarship and internship application strategy and interview practice. In addition, mentors are there to help students with general career developmental questions, honing their career focus and to help make suitable university selection choices as well as helping them develop broader skills required to transition to successful workplace participants.
ILS Bermuda Chair Jo Stanton said: “An important part of our mission at ILS Bermuda is to encourage, support and mentor young Bermudians who are interested in this industry. We had an excellent group of students participate in our various education initiatives this year and we look forward to them continuing and completing their studies and joining Bermuda’s risk industry in the near future. On behalf of the entire ILS Bermuda team, I would like thank all the students for their enthusiasm and participation in our education initiatives this year. I would also like to thank those organisations who have recommitted as partners to provide this academic year’s students internship opportunities for summer 2025.”
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