Location: London Duration: 12 weeks Start date: June 2026 Salary: £ 75,000 pro-rata for 12 weeks Join Howden Capital Markets & Advisory (HCMA) - a leading risk, capital and strategic advisor to the global insurance and reinsurance industries. Founded in 2015, HCMA is one of the premier insurance-focused investment banking groups in the industry with teams based in New York and London. Our team covers a broad range of insurance carrier and insurance services companies and offers expertise in M&A, capital raising, general strategic advice and Insurance-Linked Securities. While HCMA operates as its own entity, we sit within the Howden Re pillar which is the global reinsurance broker, and risk, capital and strategic advisor of Howden. Howden Re deliver specialised reinsurance brokerage services and analytical advice for our clients in 20 different countries worldwide. At HCMA, you will be part of an entrepreneurial and collaborative workplace culture where your hard work and ideas will directly impact our mission to be the global partner of choice. What is the role? As an I nvestment B anking Analyst, you will have the opportunity to contribute to some of the largest insurance investment banking deals. You will play an integral role in our team, working directly with junior and senior bankers and gain hands on experience in: Merges and Acquisitions (M&A) Public and Private Capital Offerings Insurance-Linked Security (ILS) offerings Financial Advisory Our Summer Internship Programme offers a direct pathway into our Graduate Roles. Based on your performance and business needs, you may receive a full-time graduate offer to start in Autumn 2027, known as a deferred offer. Please note that deferred offers are not guaranteed. What you’ll do Interns develop their skills through broad and frequent exposure to both junior and senior bankers. You will gain knowledge and skills to build a strong career foundation in financial services. Contribute to researching and identifying potential investment or financing opportunities, known as origination, a cross various deal types, including M&A, equity, de b ts and ILS deals. Play an active role in keeping internal materials up to date such as company and investor profiles. Build detailed financial models to evaluate performance under various operating scenarios and to analyse the impacts of different capital structures and potential M&A transactions. Assist in preparation of company valuations involving using various methodologies including discounted cash flow, leveraged buyout, trading comparables and trans-action comparables. Prepare presentation materials for use in client meetings; covering topics such as strategic alternatives, capital markets activity and general corporate finance. Assist in preparation of company marketing documents and client presentations in addition to performing research and various analyses in support of new business generation. What are we looking for? Penultimate year student s who are studying towards a numerical-based degree subject. Genuine interest and passion to start your career in i nvestment b anking. Excellent verbal and written communication. Strong mathematical and data analysis skills. Strong collaborators who thrive on working with in a team environment. Strong attention to detail and a high level of accuracy in their work. Resilient individuals who can work at a fast pace and are deadline driven. Prior investment banking experience is not. Candidates must have full and unrestricted right to work in the UK. Unfortunately, we are unable to offer sponsorship for this role. Applicatio n process Online application form – no CV. We believe you're more than just a document, so we won’t ask you to submit one. Please upload a blank document on the application form. Online gamified test Pre-recorded video interview Final round assessment centre at our offices due to take place in December 2025 At Howden, we are committed to developing and maintaining a culture of equality and diversity in the workplace and welcome applications from all backgrounds. What do we offer in return? A career that you define. At Howden, we value diversity – there is no one Howden type. Instead, we’re looking for individuals who share the same values as us: Our successes have all come from someone brave enough to try something new We support each other in the small everyday moments and the bigger challenges We are determined to make a positive difference at work and beyond Reasonable adjustments We're committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs. Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours* or hybrid working*. If you're excited by this role but have some doubts about whether it’s the right fit for you, send us your application – if your profile fits the role’s criteria, we will be in touch to assist in helping to get you set up with any reasonable adjustments you may require. *Not all positions can accommodate changes to working hours or locations. Reach out to your Recruitment Partner if you want to know more.