Everest Reinsurance

  www.everestre.com
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Everest Reinsurance Reviews

Updated Jun 29, 2014

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All Employees Current Employees Only

2.5 10 reviews

25% Approve of the CEO

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Joe Taranto

(8 ratings)

29% of employees recommend this company to a friend
10 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Old fashioned, but very stable company

    Director (Current Employee) Liberty Corner, NJ

    ProsVery stable company, Good working hours, Employer savings contribution, Decent pay master

    ConsNo work from home, no flexible hours

    Advice to Senior ManagementKeep up with the times. Please provide work from home option for IT team. Upgrade the technology and invest in training the work force.

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

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    If you're looking for average

    Anonymous Employee (Former Employee)

    ProsNice building, good access to highways. Great campus. Profitable company on paper. Distant management, very slow middle management.

    ConsSystems are outdated.
    Key financial information it reported by MGA's and tpas by spreadsheet. Much of the company's financial information is not in the systems but is only on paper and interpreted by actuaries.

    Advice to Senior ManagementYou can't run a multibillion dollar company on spaghetti systems, paper spreadsheets, calculators and rubber bands.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

     

    Good entry-level company.

    IT Business Analyst (Current Employee) Liberty Corner, NJ

    ProsNo need to think outside of the box.

    ConsLots of favoritism. No job growth. Many in the same position for years without training. “Management by intimidation” by VPs who have been there since day one of their careers. No telecommuting (even during bad weather.)

    Advice to Senior ManagementBring in new management in many of the departments. Perhaps new CEO or CFO will run company how it should be.

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    as with all opportunities, being in the right place at the right time makes all the difference

    Anonymous Employee (Current Employee)

    ProsBenefits are ok, pretty standard package for a large corporation I think. There are managers that get a bit fired up sometimes but most of the time the senior folks are polite to their subordinates. Employees are encouraged to seek solutions to problems and look for new business opportunities, which are both big positives.

    ConsLack of organization exists in many departments. Communication within departments and from one department to another is often quite poor. Many employees lack clarity as to where they are going with their careers. Really stinks that the company does not offer stock at a discount or some way of encouraging employees to acquire shares. At the rate at which my 3% contribution & 3% match for 401K is growing I think that I will retire at 121 years of age.

    Advice to Senior Managementacknowledge that your employees exist, and, oh yeah, that they're working pretty hard for you

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Overall nice place to work

    Software Engineer (Current Employee) Basking Ridge, NJ

    ProsNice place to work
    Stable company, not hire and fire type company. they have many employees working for 30-35 years.
    they have good balance sheet
    Not much work pressure, everyone leaves at 4.
    Overall ok place to work

    ConsLittle bit conservative people,
    very discplined, not much partying type environment.
    Not very flexible in timing.
    No work from home option
    Salaries are average.

    Advice to Senior ManagementManagement should encourage new people and newer ideas. should be bit flexible in timing and should provide work from home option.

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

     

    Appearances can be deceiving.

    Anonymous Employee (Former Employee) Oakland, CA

    ProsNice facility, well equiped and organized. Decent pay and benefits. High quality, knkowledgabe staff.

    ConsPoor management. Department/Division heads with little or no people skills. Emphasis is on form over substance. Volume of work is prized over quality of work. High level claims professionals spend a great deal of their day inputting redundant notes into an antiquated computer system. The mangers regurgitate information obtained from the TPA's notes into the company system. As long as the note is input timely, the content is of little importance. Creativity and competincy are not rewarded, timely input is. Everest recently took advantage of the "poor ecomony" (while posting very respectable profits) to downsize its staff and increase the workload on the already very busy staff that remained.

    Advice to Senior ManagementSince you hire and pay for highly knowledgable claims professionals, you might want to let them spend their time trying to save money on the claims and work on creative solutions, rather than input data.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Poorly managed company

    Anonymous Employee (Former Employee) Liberty Corner, NJ

    ProsGood Benefits, Generally nice people, decent pay

    ConsNarrow minded HR dept as well as dictator like "micro managing" VP's. In bad times, they have shown a complete disregard for hard working employees. This past Feb they laid off approximately 10% of the workforce completely by surprise. No warning, just a quick "see you" and escorted out of the building. Then, a week later, they dole out promotions to a large group of people and promote the "fireing" Vp to Senior VP. No class.

    Advice to Senior ManagementClean up your act and get off employee's back. Do not award good performance by unneeded layoffs.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Worst Company Ever

    Claims Manager (Former Employee) Liberty Corner, NJ

    ProsThe paid time off and salary/bounses are excellent.

    ConsEach and every day upper level management goes out of their way to micromanage and nitpick every detail of your day. There are 3 layers of mangement over every technician and the vie with each other to "out micro-manage" each other. No detail is so small or inconsequential as to not be dissected by them with an eye towards personally attacking the technical staf..
    This is the worst company I've ever worked for.

    Advice to Senior ManagementFire the current management staff in your claims department and stop hiring Reinsurance people to manage front line casualty staff. They simply do not know what they are doing and are afraid of making decisions.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Average company

    Anonymous Employee (Former Employee)

    ProsJob security, good annual increases

    ConsLimited advancement opportunities, old fashioned organization

    Advice to Senior ManagementModernize

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    A good place to learn how insurance works from the ground up.

    Anonymous Employee (Current Employee)

    Pros- Good HR personel
    -Great Benefits
    -Financially fit

    Cons-Very flat organization, no room to move up

    Advice to Senior Management-Management training

    Yes, I would recommend this company to a friend

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