Lloyd’s has announced the launch of its new graduate recruitment program in an expanded effort to “recruit fresh talent and ideas to the insurance industry.” The program is scheduled to run for 18 months and features a web site – www.lloyds.com/graduates -to make it easier for potential job applicants.
Lloyd’s Chief Executive, Richard Ward, said the program has been launched to develop Lloyd’s skilled talent pool and to secure the caliber of people needed to ensure the market’s continued success. “The attraction, development and retention of talent are key issues facing the insurance industry today,” he noted. “Bright, creative and innovative graduates will be the lifeblood for our future success.”
Lloyd’s initiative joins those of the Chartered Insurance Institute (CII) and its own Lloyd’s Marketing Association (LMA) in addressing the longstanding industry problem of making insurance attractive to university graduates as a first career choice rather than a fallback or stop gap position (See IJ web site Oct. 9).
Ward stressed how well known Lloyd’s brand is throughout the world and the “opportunities to graduates that no-one else can provide.” He described Lloyd’s as being at the “cutting edge of risk taking – insuring risks ranging from celebrity body parts to offshore oil platforms to terrorism cover. We provide an environment where young minds can be developed, challenged and encouraged to think in new ways every day.”
Sean McGovern, Director and General Counsel at Lloyd’s, said he believes that the through this “program, managing agents will have the opportunity to be involved in candidate selection with a view to sponsoring a graduate. Our aim it to offer graduates the opportunity to spend time in a variety of businesses in the market to broaden their experience believes the program will benefit both Lloyd’s and the insurance market.”
He also noted the initiatives along similar lines taken by the CII, indicating that a “coordinated and unified approach to investing in the London insurance market’s talent is the only way forward.”
Lloyd’s has developed its graduate program in close cooperation with the LMA, as well as “in consultation with HR professionals in the market.” It will include rotations through both Lloyd’s and the market, a comprehensive development program, and mentoring support from senior management.
In addition to the web site Lloyd’s also said it will “commence a series of visits to campuses and regional careers fairs, and an extensive advertising campaign to attract potential applicants.”
Source: Lloyd’s – www.lloyds.com
Topics Talent Excess Surplus Training Development Market Lloyd's
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