Chubb Corp
3.2 of 5 137 reviews
www.chubb.com Warren, NJ 5000+ Employees

Chubb Corp Reviews

Updated Apr 21, 2014

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3.2 137 reviews

                             

76% Approve of the CEO

Chubb Corp Chairman, President, and CEO John D. Finnegan

John D. Finnegan

(76 ratings)

66% of employees recommend this company to a friend
137 Employee Reviews
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Review Highlights

Pros:
  • "Once you settle in there is a lot of flexibility in regards to work life balance"
    in 22 reviews
  • "Excellent training; good benefits; fairly good opportunities to move around and post for other jobs"
    in 14 reviews
Cons:
  • "Very old fashioned in the way that things are run, stagnant room for growth"
    in 6 reviews
  • "Work/Life balance not what it should be, Chubb does truly get all that they can from their employees"
    in 6 reviews
  • Show more review highlights

Reviews

 

Chubb is an excellent place to work

Anonymous Employee (Current Employee)

I have been working at Chubb Corp

ProsChubb is a great place to start your career. The company provides many learning opportunities and wants its employees to succeed. Management is very knowledgable and easy to access.

ConsThe only con is that compensation remains fairly average as compared to the rest of the industry. Chubb does attempt to make up for this shortcoming through profit sharing programs and year end bonuses.

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Worst place ever.

Senior Underwriter I (Former Employee)
New York, NY (US)

I worked at Chubb Corp full-time for more than a year

ProsGood Compensation and benefits. Underwriting Assistants actually do their jobs which is very helpful.

ConsManagement and Underwriting Model (PI)

Advice to Senior ManagementGet rid of of the pricing index.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Restance is futile. You will be assimilated - or outsourced

Anonymous Employee (Former Employee)
New York, NY (US)

I worked at Chubb Corp full-time for more than 5 years

Pros401K match and old fashioned pension plan.

ConsImpossible to avoid the Borg

Advice to Senior ManagementDon't underestimate human beings.

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Would have been 5 stars but for a few major instances of micro management

Anonymous Employee (Former Employee)

I worked at Chubb Corp full-time for more than 5 years

ProsAn old fashioned company (this might be a con to some), with excellent benefits and low turnover. Work-life balance is very good in most areas. Long-term employees are the majority here, creating a strong team bond and good personal relationships as well. Training opportunities are outstanding.

ConsSomewhat antiquated rules regarding business attire (suits & ties except for Fridays/summer!) and telecommuting.

Advice to Senior ManagementReview the common elements (iow the same manager) in failed or over budget projects - micromanagement is rampant and definitely contributes to the loss of skilled middle managers.

Yes, I would recommend this company to a friend

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Exceptional insurance carrier, great employer

Anonymous Employee (Current Employee)
New York, NY (US)

I have been working at Chubb Corp full-time for more than 10 years

ProsOpen postings for opportunities, strong compensation.

ConsRelocation benefits have decreased making opportunities limited to local geography. Flattened organization does put stress on employees at times.

Advice to Senior ManagementContinue to invest in young talent but find ways to reward the many experienced staff.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Undewriter

Underwriter (Current Employee)
Kansas City, MO (US)

I have been working at Chubb Corp full-time

ProsGreat company, benefits, and compensation

ConsLimited career opportunities requires most to relocate

Advice to Senior ManagementCreate more opportunities in your regional locations

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great company who takes care of high performers

Underwriter Specialist (Current Employee)
Boston, MA (US)

I have been working at Chubb Corp full-time for more than 3 years

Pros-Flexible Work Scheduling (work from home, part-time employment, etc)
-Great people and good culture
-Managers that do care and help foster success
-No micromanaging from what I've seen

Cons-Pay not as high as other carriers
-Work/Life balance not what it should be, Chubb does truly get all that they can from their employees

Advice to Senior ManagementConsider reducing stock buybacks and invest in technology and expanding workforce so employees can provide better service to customers

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Terrific company

Anonymous Employee (Current Employee)

I have been working at Chubb Corp

Prosfamily atmosphere, great benefits, filled with pride to have been associated with such a quality company, nice work-life balance.

Constoo many transfers between locations.

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Employed there 23 years

Claims Adjuster (Former Employee)

I worked at Chubb Corp full-time for more than 10 years

ProsThe benefits are great, but you don't take a job only for the benefits. They're good on work/life balance and medical insurance, OK on the rest.

ConsPrior to 2002 there always was a Chubb family member involved in the company and employees were respected and supported. They brought in a finance guy to run the company and ever since it's been numbers, numbers, numbers. Keeping the stock price up is paramount and employees are treated as second-class. Chubb used to be different than all the other insurance companies (ask anyone who has been in the business more than ten years) but now they are like all the others;

Advice to Senior ManagementTake better care of your employees and their professional development and they will take care of the rest.

No, I would not recommend this company to a friend

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Great company and work environment

Underwriter Trainee (Current Employee)

I have been working at Chubb Corp full-time for less than a year

Pros-Being trained at Chubb to be an underwriter is great on a resume.
-Work-life balance is fantastic and management is very flexible.
-Senior management have proven to be great mentors. They want you to succeed.
-At this point in my career, I feel there's room for advancement, which helps motivate me.
-Great benefits
-Friendly and supportive coworkers. I enjoy coming to work each day.

Cons-I wish the pay was a little higher, but doesn't everyone?
-The technology isn't great.
-Colleagues feel it takes a long time to get promoted.
           -A clearer path to a promotion is what many want.

Advice to Senior ManagementSince Finnegan took over in 2002, he has consolidated the company and "trimmed the fat" off the company. It's much more cost-conscious now than it once was. That's great for shareholders but not as great for employees. More money could be spent on technological improvements instead of buying back shares (i.e. $1.5 billion spent in January 2014). Also, the elimination of many leadership positions means that there are fewer spots for younger employees to move into. That being said, the insurance industry being one that has a higher average age than say finance, impending retirements in the next ten years or so will allow for more advancement down the line.

My advice: Recognize employees who perform well with promotions and raises so talent stays here.

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Chubb Corp reviews and ratings - including employee satisfaction and approval ratings for Chubb Corp CEO John D. Finnegan. All 137 reviews are posted anonymously by Chubb Corp employees.