CapSpecialty Reviews

4.1

83% would recommend to a friend

(50 total reviews)
avatar

Jack Sennott

100% approve of CEO

83% positive business outlook

CapSpecialty has an employee rating of 4.1 out of 5 stars, based on 50 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The CapSpecialty employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

50 reviews
2.0
24 June 2021

Company is falling apart

Recommend
CEO approval
Business outlook

Pros

Okay work life balance Good benefits Company has a strong moral culture

Cons

Compensation does not meet the market where it is Advancement is nonexistent Company is unprofitable leading to a vacuous cycle of hollowing out High employee turnover

2.0
24 Jan 2016

Not the Same Old Company....

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I worked at the company for over 10 years and it was a wonderful place. The old CEO treated everyone with respect and the company treated the employees well. Things like flexible work hours, work-life balance, generous benefits and even a holiday bonus of $50 to $500 depending on tenure were a part of the culture. New management took over in 2013 and has made some dramatic changes. The core employees in Middleton, WI are great people, but fewer and fewer. The new strategy has enabled the company to add a lot of new products, but it's also cost a lot of market share in the older products that made the company successful. The agency force has been very supportive, but many appear to have run out of patience and give us less and less new business. Business continues to grow, but at a much slower pace then projected.

Cons

New management took over in 2013 and has made some dramatic changes. All of the senior executives who were there in 2013 are gone and the company's product lines, systems and compensation/benefit plans have changed considerably. A number of people in Wisconisn have lost their jobs and all new positions are being created/filled on the East Coast where the new leaders reside. The new CEO has a track record of building up and then selling companies making himself a lot of money and leaving others to clean up the mess, so a number of people are concerned about their future job status. Weekend emails and weekend/late hour work on a regular basis are much more common and the new executives put much more emphasis on work and less on life balance. The new strategy seems to change frequently with many starts, stops and do overs, which makes it very hard on the staff and building any positive momentum. New systems have been slow to build and costly with repeated changes in the CIO (on our 4th since 2013) and IT staff.

4.0
19 June 2018

Lot's of growth!

Recommend
CEO approval
Business outlook

Pros

Open PTO (work, life balance), career paths, internal growth,

Cons

Collaborative work spaces. Their headquartered in WI and moved to an open concept and short cubicle walls. Renovations look nice, but for those of us who are introverts have a hard time with low cubicle walls. Even managers are in them. I agree with the collaborative areas for team meetings, but tall walls are needed to have phone conversations and not overhearing everyone else's conversations.

Viewing 1 - 3 of 50 Reviews

Glassdoor has 51 CapSpecialty reviews submitted anonymously by CapSpecialty employees. Read employee reviews and ratings on Glassdoor to decide if CapSpecialty is right for you.