New York University President L. Jay Oliva and Chubb Chairman and CEO Dean O’Hare today announced a new round of internships/scholarships for NYU students. The Chubb Group of Insurance Companies will provide four NYU juniors with paid internships this summer and $5,000 scholarships next year. Recipients of the scholarships also receive “inside track” consideration for employment with Chubb upon graduation.
Candidates for the scholarships must be interested in careers in insurance or financial services and have finished their junior year with a minimum grade point average of 3.0. Chubb, one of the largest insurance companies in the U.S., began funding the program last year.
The Chubb-NYU Scholarship/Internship Program is part of NYU’s “Corporate Leadership Alliance,” a program that combines scholarships and paid internships. The “Corporate Leadership Alliance” enables students to get valuable business experience in addition to scholarship funds, and it permits corporations to preview, train and bring in new talent for a modest investment.
Dr. Oliva said, “More than 70 percent of our students work. At NYU, we consider that marvelous. We need to prepare our students not just to have a full life, but to have a prosperous one, one that enables them to serve their families and communities. Work is not a distraction from university life; it makes it richer. That is why we value this Chubb program and all our Corporate Leadership Alliance’ programs so highly.”
Mr. O’Hare said, “The future of the insurance industry depends largely on our ability to adapt to the changing needs of the dynamic industries we protect. And our ability to adapt depends on bringing into the company young people with a diversity of ideas and perspectives.”
The four undergraduates chosen as recipients of this year’s Chubb-NYU Scholarship/Internship Program are:
- Valerie Darguste, Stern School of Business (marketing); Manhattan, N.Y.
- Monique Lanaux, College of Arts and Science (metro studies); Freeport, L.I., N.Y.
- Simon Moi, Stern School (general business); Bayside, NY
- Archana Muralidhar, College of Arts and Science (economics); White Plains, NY
The program provides internships that offer students technical education in financial services and insurance, hands-on work experience before graduation, and professional contacts and references for future employment. Upon successful completion of the internships, the students are awarded $5,000 scholarships from Chubb for academic expenses in the senior year.
The Chubb Group of Insurance Companies is managed by Chubb & Son, Inc., a wholly owned subsidiary of the Chubb Corporation. Chubb & Son, Inc. provides a variety of commercial, personal and specialty insurance lines through an international network of agents, brokers and affiliates.
New York University, located in the heart of Greenwich Village, is one of America’s premier urban research universities and the largest private university in the nation. NYU offers undergraduate, graduate and professional degrees through its 14 colleges and schools.