Chubb Corp Reviews

Updated 22 October 2014
Updated 22 October 2014
168 Reviews
3.8
168 Reviews
Rating Trends

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Approve of CEO
Chubb Corp Chairman, President, and CEO John D. Finnegan
John D. Finnegan
90 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.  

    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 (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
  2.  

    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 (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
  3.  

    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
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  5.  

    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.

  6. 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 (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
  7. 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 (less than an 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
  8.  

    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

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

    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
  9.  

    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 (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
  10. 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)

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

    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
  11. 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

    I worked at Chubb Corp

    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

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