Lloyd’s in London Hosts RMI Students
For more than three centuries, Lloyd’s of London has been synonymous with the insurance industry.
That’s why 13 Risk Management and Insurance students at Eastern Kentucky University were excited to give up their recent spring break to work at the fabled British firm, which houses various insurance companies on every floor.
Students Robert Burch, Craig Cleveland, Don Fugate, Hannah Galloway, Adrienne Holtzworth, Dylan Hornsby, John Ison, Mary Jefferson, Nicholas Kubala, Jacob Peters, Sarah Smith, Daryl Taylor, and Rachel Wallace participated in the exciting trip.
“The trip has become something students can look forward to hearing about every year,” says RMI assistant Debbie Ellis.
Along with Lloyd’s, students had the opportunity to work with other companies independently, such as JLT and LIIBA. JLT offered students the opportunity to participate in a working seminar, as well as the chance to chat with peers and colleagues recently hired by the company about what it takes to succeed in the insurance industry. LIIBA is the London and International Insurance Brokers’ Association, representing the trade interests of Lloyd’s.
Senior Adriene Holtzworth had previously traveled to London and has friends in the UK, "so for the most part I knew what to expect as far as food and culture. The companies we visited are widely known, but I did do some additional research to learn more about them before meeting their employees and executives."
Her favorite part of the trip was shadowing a Lloyd's of London syndicate underwriter. "She showed me around and I got to experience first hand what a Lloyd's underwriter's day looks like: it is busy, fast paced, and dynamic." said Holtzworth. "During the shadow I was able to ask the underwriter questions and get instant accurate responses, it was an incredible learning experience."
The trip was hardly all work and no play. Students also enjoyed outings to the Tower of London, the London Eye, a Thames River cruise to Greenwich, the Financial District, and the Bank of England museum. Students travelled by bus through the English countryside to Oxford, where they were introduced to the church and centuries-old library. A tour of the Mini Cooper Plant provided students with a fascinating insight into robotics and the intersections of insurance and industry; in between visits with Lloyd’s, students ate fish and chips as well as watched “The Mousetrap” in London theaters.
2017’s Lloyd’s of London program was a resounding success, offering students both a great time abroad as well as valuable experience in their chosen field.
"As a senior there is more pressure than ever to pick a career path and this trip showed me several viable options: underwriting, brokering, and risk managing," said Holtzworth. "It has also given me invaluable experience in the industry and generated great connections abroad."
For more information on the Risk Management and Insurance program at EKU, visit http://insurance.eku.edu/.
Published on March 20, 2017