Chubb Corp Reviews

Updated 19 September, 2014
Updated 19 September, 2014
165 Reviews
3.8
165 Reviews
Rating Trends

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

Review Highlights

Pros
  • The work life balance is very good and the compensation package is quite good (in 24 reviews)

  • Good Benefits including health insurance , Decent Bonus (in 18 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.  

    Worst place ever.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Underwriter I  in  New York, NY (US)
    Former Employee - Senior Underwriter I in New York, NY (US)

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

    Pros

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

    Cons

    Management and Underwriting Model (PI)

    Advice to ManagementAdvice

    Get rid of of the pricing index.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Restance is futile. You will be assimilated - or outsourced

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

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

    Pros

    401K match and old fashioned pension plan.

    Cons

    Impossible to avoid the Borg

    Advice to ManagementAdvice

    Don't underestimate human beings.

  3.  

    Chubb is an excellent place to work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Chubb Corp

    Pros

    Chubb 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.

    Cons

    The 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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  5.  

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

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

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

    Pros

    An 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.

    Cons

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

    Advice to ManagementAdvice

    Review 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.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Exceptional insurance carrier, great employer

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

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

    Pros

    Open postings for opportunities, strong compensation.

    Cons

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

    Advice to ManagementAdvice

    Continue to invest in young talent but find ways to reward the many experienced staff.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Undewriter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriter  in  Kansas City, MO (US)
    Current Employee - Underwriter in Kansas City, MO (US)

    I have been working at Chubb Corp full-time

    Pros

    Great company, benefits, and compensation

    Cons

    Limited career opportunities requires most to relocate

    Advice to ManagementAdvice

    Create more opportunities in your regional locations

    Recommends
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    Employed there 23 years

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

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

    Pros

    The 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.

    Cons

    Prior 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 ManagementAdvice

    Take better care of your employees and their professional development and they will take care of the rest.

    Doesn't Recommend
    Disapproves of CEO
  9.  

    Terrific company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Chubb Corp

    Pros

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

    Cons

    too many transfers between locations.

  10. 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

    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 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
  11.  

    Overall, good insurance company

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

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

    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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