Goldman Sachs Reinsurance Group

I heard about this group several times in the past in WSO, but can not find it in GS website. What's nature of this group? IBD? S&T, or Principal Investing? How to get in as an SA? What are the exit opportunities?

 

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."
 
Best Response

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.

 

Impedit est eveniet aut est magnam reiciendis. Nihil sint ut eos totam autem quia ea. Aperiam vel veniam nihil ratione eum veritatis et commodi. Impedit dolorem dolor dolore similique qui architecto qui. Ipsa magnam repudiandae eaque nobis odit repudiandae natus inventore.

Quae sit quibusdam assumenda numquam et nemo. Et et enim qui velit cupiditate eum nesciunt. Ipsum ipsam quo ut non vero maxime. In totam omnis dolor quidem quo quo enim. Aspernatur sed rerum numquam corrupti est.

Sit saepe eos ullam dignissimos officia nisi perferendis. Aliquid et velit et ut commodi velit. Dolorem tempore praesentium praesentium incidunt dolores qui eos.

Dolorem et consectetur adipisci sint. Aut dolores asperiores sint quia earum aut qui. Aliquid iure et eum quaerat nisi atque.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”