Everest Reinsurance

  www.everestre.com
  www.everestre.com

Everest Reinsurance Reviews

Updated November 14, 2014
Updated November 14, 2014
12 Reviews
2.3
12 Reviews
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Joe Taranto
8 Ratings

Employee Reviews

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  1.  

    Old fashioned, but very stable company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Liberty Corner, NJ
    Current Employee - Director in Liberty Corner, NJ

    I have been working at Everest Reinsurance full-time (more than 5 years)

    Pros

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

    Cons

    No work from home, no flexible hours

    Advice to ManagementAdvice

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

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    Great work life balance, no career growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Liberty Corner, NJ
    Current Employee - Director in Liberty Corner, NJ

    I have been working at Everest Reinsurance (more than 8 years)

    Pros

    Benefits are good. Work hours great. Most Everyone leaves on time. If you luck up to have a good manager great place to work. Good for those who have established career and not looking for advancement - focus on home kids or near retirement.

    Cons

    Behind the times technology wise. No job/role descriptions so promotions are purely at whim of management. There are some terrible managers. Orgnization very flat. HR is a joke, focus on company not getting sued and not upsetting sr mgmt. Very conservative and slow to change. Senior management does not implement any thing new in fear of upsetting staff who cannot adapt to changes. Middle management cannot do anything without sr mgmt approval. Innovation is stifled because it requires change. No work from home.

    Advice to ManagementAdvice

    Show some leadership by making changes and compelling the staff to follow- processes and systems. Those who cannot change need to leave others will quit. Everyone is replaceable.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  3.  

    *** Just not worth it ***

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

    I have been working at Everest Reinsurance full-time (more than 3 years)

    Pros

    Very good company for those who don't want to learn new technology and stay with old fashioned stuff..

    Cons

    Just everything.. with work environment, time-off policies, training. They no longer have training budget for most but selected employees. No work from home policy tells you how backward they are!! While at work, you can't go and talk to other employees or justify number of minutes you talk to them!! Pathetic!! Everyone is complaining and still nobody taking steps to resolve these issues.

    Advice to ManagementAdvice

    Come and look at these reviews on Glassdoor., come out from your HR bunkers and witness what are we going through! You are losing your best employees if you don't act NOW....

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    If you're looking for average

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

    I worked at Everest Reinsurance

    Pros

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

    Cons

    Systems 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 ManagementAdvice

    You can't run a multibillion dollar company on spaghetti systems, paper spreadsheets, calculators and rubber bands.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    Good entry-level company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Business Analyst in Liberty Corner, NJ
    Current Employee - IT Business Analyst in Liberty Corner, NJ

    I have been working at Everest Reinsurance full-time (more than 10 years)

    Pros

    No need to think outside of the box.

    Cons

    Lots 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 ManagementAdvice

    Bring in new management in many of the departments. Perhaps new CEO or CFO will run company how it should be.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

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

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

    I have been working at Everest Reinsurance full-time (more than 5 years)

    Pros

    Benefits 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.

    Cons

    Lack 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 ManagementAdvice

    acknowledge that your employees exist, and, oh yeah, that they're working pretty hard for you

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Overall nice place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Software Engineer in Basking Ridge, NJ
    Current Employee - Software Engineer in Basking Ridge, NJ

    I have been working at Everest Reinsurance

    Pros

    Nice 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

    Cons

    Little 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 ManagementAdvice

    Management should encourage new people and newer ideas. should be bit flexible in timing and should provide work from home option.

    Approves of CEO
  9.  

    Appearances can be deceiving.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Oakland, CA
    Former Employee - Anonymous Employee in Oakland, CA

    I worked at Everest Reinsurance

    Pros

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

    Cons

    Poor 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 ManagementAdvice

    Since 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.

    Disapproves of CEO
  10. 1 person found this helpful  

    Poorly managed company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Liberty Corner, NJ
    Former Employee - Anonymous Employee in Liberty Corner, NJ

    I worked at Everest Reinsurance

    Pros

    Good Benefits, Generally nice people, decent pay

    Cons

    Narrow 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 ManagementAdvice

    Clean up your act and get off employee's back. Do not award good performance by unneeded layoffs.

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

    Worst Company Ever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Claims Manager in Liberty Corner, NJ
    Former Employee - Claims Manager in Liberty Corner, NJ

    I worked at Everest Reinsurance

    Pros

    The paid time off and salary/bounses are excellent.

    Cons

    Each 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 ManagementAdvice

    Fire 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.

    Doesn't Recommend
    Disapproves of CEO

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