Comments (7)

 
Jul 18, 2012 - 5:52am

GSRG takes proprietary risk on behalf of the firm. They do this because it's a source of stable capital, and if you're smart you can make good money on your underwriting as well.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 
Jul 20, 2012 - 11:41pm

I know a kid that interviewed there, it's basically principal investing... They look for people with FIG experience, not just from Goldman but from other firms as well. Pretty cool stuff, as far as I could tell, but I don't know much about it. Not sure if they have SAs.

 
Jul 21, 2012 - 1:26am

GSRG sits in the investing and lending division at Goldman and it is considered a "principal investing" desk. They recruit for SA as part of the investing summer program which is different from the traditional Securities (Sales and Trading) rotational program. For more info see below:

"The Goldman Sachs Reinsurance Group (GSRG) is a proprietary principalling/investing business that pursues opportunities across several unique and non-correlated risk classes, traditionally the province of the reinsurance market. These areas include both property and casualty catastrophe reinsurance and the life and annuity space, with an additional focus on the growing market for the assumption and disposition of longevity/mortality risks - those risks created by the dynamic of aging populations. Summer analysts will be exposed the the entire spectrum of the business and will have an opportunity to work with teams sourcing new acquisitions, valuing blocks of insurance, analyzing equity investments, assessing risk, managing acquire operating business, structuring and trading longevity/mortality derivatives and tranced products, and marketing related products to investors. This position requires strong analytical skills, comfort with quantitative concepts, attention to detail, and a relentless and creative commercial focus."

hope this helps.

 
Jul 21, 2012 - 1:27am

GS reinsurance group (Originally Posted: 08/25/2009)

From GS website:

Reinsurance Group is a principal operating business designed to capitalize on opportunities across the reinsurance space, and is organized into three segments: Life and Annuity, Property and Casualty and Longevity Markets. The business reinsures and manages blocks of life and annuity products, and offers property and casualty reinsurance across a number of lines through U.S. and Bermudian insurance companies and a Lloyd's of London syndicate. The Longevity Markets business is focused on creating liquid markets in longevity and mortality risk, and developing structures that enable investors to hedge their risks, or to express a view on the market.

Does anyone know anything about this group? It's under the securities division but I am guessing it's not a trading desk? Is it more like operations or origination/syndication type of work? Thanks

Start Discussion

Popular Content See all

LETS FKING GO BOYS
+157IBby Intern in Corporate Finance">Intern in CorpFin
HELP: Sticky Situation with Boss
+148OFFby 2nd Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 2 in IB-M&A
Idgaf anymore
+46IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind
Arranged Marriage
+34OFFby Intern in Real Estate - Commercial">Intern in RE - Comm
To Snitch or not to Snitch?
+27OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind
tipping point - mental breakdown
+26IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind

Total Avg Compensation

March 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (163) $232
  • 2nd Year Analyst (98) $151
  • Intern/Summer Associate (92) $144
  • 3rd+ Year Analyst (23) $145
  • 1st Year Analyst (370) $131
  • Intern/Summer Analyst (307) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.8
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
Edifice's picture
Edifice
97.5
9
bolo up's picture
bolo up
97.5
10
NuckFuts's picture
NuckFuts
97.5