Chubb Corp

  www.chubb.com
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Chubb Corp Reviews

Updated 8 August, 2014
Updated 8 August, 2014
157 Reviews

3.7
157 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Chubb Corp Chairman, President, and CEO John D. Finnegan
John D. Finnegan
84 Ratings

Review Highlights

Pros
  • The work life balance is very good and the compensation package is quite good (in 23 reviews)

  • Good Benefits including health insurance , Decent Bonus (in 15 reviews)


Cons
  • Few opportunities for advancement unless you are in the "inner circle (in 8 reviews)

  • Company promotes work life balance, but doesn't seem to readily give it (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Great company and work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriter Trainee
    Current Employee - Underwriter Trainee

    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 ManagementAdvice

    Since 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.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great place to work if your motivated and talented.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loss Control Specialist
    Current Employee - Loss Control Specialist

    Pros

    Hard work pays off! Harder work pays very well.

    Cons

    You've got to kill it to get it.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Overall, good insurance company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Examiner
    Current Employee - Claims Examiner

    Pros

    Reputable property and casualty insurance company. Provides insurance industry education to their employees for the insurance industry

    Cons

    Long hours required in order to meet best Requires long hours

    Advice to ManagementAdvice

    Best practices should be revised to reflect realistic expectations

    Recommends
    Approves of CEO
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  5. 2 people found this helpful  

    Large Insurance Corporation that is interested in making immediate profit by outsourcing its key development divisions.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Programmer CPI-IT  in  Whitehouse Station, NJ (US)
    Former Employee - Programmer CPI-IT in Whitehouse Station, NJ (US)

    Pros

    Great learning experience, wonderful technical experience. good co-workers.

    Cons

    Long hours, little recognition, no room for advancement, middle management demonstrated that great programmers do not always make great managers. Managers need to be unbiased, and have excellent communication and people skills, CEO's mandate for a flat budget year to year kept salaries from increasing. Even though the company experienced record-setting profits several years in a row.

    Advice to ManagementAdvice

    2 Part advice - 1) Talk to your employees, hear their ambitions and interests, and give them opportunities to grow and groom for advancement. Stop promoting people simply because they excel in their current position. Great programmers DO NOT always make great managers. 2) Outsourcing your IT divisions is a temporary financial solution. History has shown that it eventually causes companies to fall far behind the competition, and the current CEO will be long gone by the time the effects are felt.

    Doesn't Recommend
    Negative Outlook
  6. 1 person found this helpful  

    They hire good people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Stable company, hire good people, stock options

    Cons

    Since family members have retired, the Chubb company has changed culture. It is now totally focused on the bottom line and not it's best asset, it's employees.

    Advice to ManagementAdvice

    Bring back some of the early family culture

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Chubb has Great benefits offered

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Technician  in  Dallas, TX (US)
    Current Employee - Financial Technician in Dallas, TX (US)

    Pros

    Great benefits are offered at Chubb

    Cons

    Not a lot of advancement opportunities

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Great place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Dallas, TX (US)
    Current Employee - Anonymous Employee in Dallas, TX (US)

    Pros

    Will help to build a decent 401k plan

    Cons

    Not much room for growth.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    My experience at Chubb Insurance was educational. Learning aspects of insurance practices.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Chubb Underwriting Associate  in  Whitehouse Station, NJ (US)
    Former Employee - Chubb Underwriting Associate in Whitehouse Station, NJ (US)

    Pros

    The best reason to work at Chubb is that they appreciate their employees which in turn gives better quality of work performed. They are a company for their employees.

    Cons

    The only con that I have was the distance they were from where I lived.

    Advice to ManagementAdvice

    I don't have a lot of advice to Management as the managers I worked with were very professional, knowledgeable and great assets to the company. I would love to go back to Chubb Insurance as an employee.

    Recommends
    Neutral Outlook
  10. 4 people found this helpful  

    It used to be a great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    The company itself has a great reputation with it's customers. Good benefits.

    Cons

    Management no longer seems to care about it's staff. At one time you can tell the company really valued it's employees and it treated them as such. now it seems it doesn't really care about the emloyees at all. Lots of positions outsourced because it's cheaper (although the quality is much worse). Staff is not appreciated at all.

    This is why although I'm a current employee I am looking for other opportunities.

    Advice to ManagementAdvice

    Realize your staff is the face of your company. If you want them to represent your company well treat them decently and let them know they are valued.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Apartheid managing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Facility was adequately heated. ;)

    Cons

    Technically hired as a contract legal bill reviewer by a temp agency, which is a slick way for Chubb to avoid employment laws and to sub-contract out management of temps. Chubb uses more than one agency to find temporary workers for its legal cost management unit. The goal is to bilk attorneys who are hired to defend/represent Chubb insureds when they are sued. So they train temps in how to reduce the amounts paid to the attorneys, and meanwhile, treat the temps as expendable. A very strange environment. Also in the building, are claim adjusters and their support and managers - who are paid great salaries if they started before the banking crisis in 2008, great benefits, and live as higher class workers. TWO different systems in place. One being the old way; the other being the new. I realize they have to deliver returns to their shareholders (and upper management), but it felt like slave labor.

    Advice to ManagementAdvice

    What goes around comes around. Eventually, the people and businesses that literally entrust you to defend them will find out that you are being so tight with their attorneys that it amounts to managing the entire litigation (taking that right away even when policy-holders have paid to make their own decisions). You will lose market share. Honesty counts, and taking such advantage of the market that you have old staff who are treated well, and more recent staff who are temps working at your mercy should be punishable if not here on earth, than somewhere else.

    Doesn't Recommend

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