Lexington Insurance Reviews

Pros

Excellent industry experience by nature of the sheer volume of business written

Cons

Insular network within management team - only those in the "inner circle" are rewarded with promotions

Advice to Senior Management

Pay close attention to all employees

Pros

It is a very flexible place to work. It is a very laid back environment, just as long as you get your work done. They will pay for insurance classes.

Cons

Promotions are rare and you really only get promoted if you suck up to the manager and go out partying with them. They do not help pay for a masters program. They do not pay for overtime and the bonuses are limited and are very small. People only care about themselves.

Advice to Senior Management

They need to do a better job of promoting people who work hard and take classes. They should look for the best workers to promote and not to bring so many people from the outside into the company when there are already qualified individuals for the job.

Pros

Lexington is a part of a large organization - AIG - but it maintains a spirit of entrepreneurship throughout the company. People are encouraged to take chances and stretch to achieve. There are many professionals working at Lexington who have been with the company many years, so the knowledge base is strong and everyone I have worked with is very willing to share their knowledge. As you advance in the organization, there are many opportunities to try new things and add responsibilities. In addition, the company is located in downtown Boston and is easily accessible by the commuter rail or T.

Cons

Being an insurance company with tight margins, pay is not as high as with some other industries. Additionally, a lot is expected of workers. If you are looking for a company that rewards mediocrity, this is not the place to come. In order to achieve, you need to work hard, put in long hours, be a team player, and demonstrate your skills. As with any company, what you get out of your work is in large part a reflection of what you put in. If you are bored with your role within the company, do something to initiate change. Change won't always come knocking on your door.

Advice to Senior Management

The biggest piece of advice I would give is to keep communicating with the organization even after the dust settles on the current turmoil. Senior Management has spent a lot of time with employees, customers, brokers, and everyone who interacts within and outside the organization.