EKU Risk Management and Insurance Students Learn from the Best at Lloyd’s in London
Six Risk Management and Insurance students, accompanied by Debbie Ellis and Carol Jordan, traveled to London, England Marach 11-17, 2016. Pictured above (left to right) are: Victoria Lowery, Shaun Cawley, Debbie Ellis, Audrei Egbudin, Sarah Smith, James Speaks, Carol Jordan, and Devin Borders with Lloyd's International Trading Advice hosts Giles Taylor and Amanat Takhar.
EKU seniors Audrei Egbudin (Lagos, Nigeria), James Speaks (Somerset), Shaun Cawley (Florence), and Devin Borders (Florida) along with juniors Victoria Lowery (Georgetown ) and Sarah Smith (Berea), signed up for the one-credit hour trip to London. While there, the students studied underwriting with several different insurance companies. These companies included big utilities, ocean cargo, American West Coast earthquake insurance, re-insurance, and Arch Insurance. The students worked at Lloyd’s, an institution housing various insurance companies on every floor, that’s been operating using the same processes since 1688.
Audri described her experience. “It was a lot of fun and I learned a lot. I met with different companies, but primarily worked with Arch Insurance. They help take the burden from other insurance companies. They’re also very new; they started last year. At Lloyd’s there’s a different company on every floor; I worked with marine insurance. I shadowed a woman named Ellis. She underwrites what interests her. She decides whether to accept the claim of a loss or not, and while I was there I got to observe her make a claims decision about a flood in Taiwan.”
Coordinated by RMI Visiting Professor Dr. Carol Jordan, the Lloyd’s trip has been in the planning since her return to EKU last fall. “Eastern students are very motivated and hard-working, which makes them great employees and a joy to teach. Moreover, Lloyd’s of London, an international insurance marketplace, is admitted in the state of Kentucky,” said Jordan. She has amassed considerable experience working with Lloyd’s, and teaching at EKU provides her with an avenue to promote these types of opportunities. EKU’s talented students are a good match for organizations like Lloyd’s and she wants to leverage her connections to help them make a successful transition from college into the career field.
The trip wasn’t all work and no play. The students also had the opportunity to experience the best of London, including outings to Brick Lane, the Tower of London, Westminster Abbey, the Royal Observatory, the London Eye, Buckingham Palace, the River Thames, the National Gallery, and the War Museum. They also saw a play called Kinky Boots on the West End.
Debbie Ellis, RMI program assistant, went on to explain that students prepared a resume for the trip, as well as documentation to travel abroad. Several students were offered internships at Lloyd’s for the summer. According to Ellis, “All of the students had an excellent time, gained a well-rounded education of international insurance, and made valuable networking connections that will last well into their careers.“
For more information on Risk Management and Insurance at EKU, visit www.insurance.eku.edu.
Published on March 22, 2016