Recruitment and Internships Liberty Mutual’s comprehensive website provides an updated list of the colleges and universities where the company recruits biannually. The firm offers summer internships to undergraduates, and also targets post- MBA students for their highly selective corporate development program, in which participants are placed across all business lines and functions. π AT A GLANCE Financial and Personnel Highlights 2007 sales ($M): $25,900 1-year sales growth: 10.1 percent Number of employees, 2007: 41,000 1-year employee growth:
28 WETFEET INSIDER GUIDE Careers in Insurance & Risk Management FOR YOUR REFERENCE THE WORKPLACE ON THE JOB THE COMPANIES THE INDUSTRY AT A GLANCE GETTING HIRED LOEWS CORPORATION 667 Madison Avenue New York, NY 10065-8087 Phone: 212-521-2000 Website: Ticker symbol: L Key Product Lines Commercial property-casualty insurance, life insurance Background Hotels, offshore oil- and gas-drilling rigs, and cigarettes are just a handful of operations this holding company lists in its ledger. Its real moneymaker, though, is CNA Financial, a commercial property- casualty carrier that brings in more than half of Loews’ revenues. CNA Financial used to provide life and reinsurance coverage, but Loews put both units up for sale in 2000 when a spate of tobacco lawsuits involving Lorillard, its cigarette-manufacturing subsidiary, tagged the company with severe losses. (One payment cost Loews $325 million.) Affiliates such as The Continental Insurance Company and Continental Assurance still allow CNA Financial to offer life and group insurance. Recruitment and Internships Though you might come across CNA at the occasional campus career fair, you’re more likely to find success with the company if you submit a virtual candidate profile through its online recruitment site. Students lucky enough to land an internship at the firm will receive exposure to more facets of the insurance and risk management fields because of the company’s smaller staff size; assignments won’t be as clearly delineated the way they are at larger companies. Interns and employees are encouraged to participate in learning and development courses. π AT A GLANCE Financial and Personnel Highlights 2007 sales ($M): $18,380 1-year sales growth: 2.6 percent Number of employees, 2007: 21,700 1-year employee growth: 0.5 percent
29 WETFEET INSIDER GUIDE FOR YOUR REFERENCE THE WORKPLACE ON THE JOB THE COMPANIES THE INDUSTRY AT A GLANCE GETTING HIRED MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY 1295 State Street Springfield, MA 01111-0001 Phone: 413-744-1000 Website: Ticker symbol: Mutual company Key Product Lines Life and disability income insurance, as well as financial services, including money management and annuities Background The flagship firm of MassMutual Financial Group (a global outfit of companies offering financial services), the Massachusetts Mutual Life Insurance Group reaffirmed its mutual ownership in 2001, despite some policyholders’ insistence that it begin issuing stock to the public. The company started expanding overseas around the same time, acquiring Hong
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