Swiss Re Reviews

Updated March 25, 2015
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  • Armonk, NY
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3.4
18 Reviews
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Swiss Re Group CEO Michel M. Liès
Michel M. Liès
86 Ratings

18 Employee Reviews

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  1. 2 people found this helpful

    Actuary's opinion

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Actuarial Analyst in Armonk, NY
    Current Employee - Actuarial Analyst in Armonk, NY

    I have been working at Swiss Re full-time (more than 8 years)

    Pros

    Quite a collaborative environment and have the ability to work abroad. Client centric organization focusing what's best for the client and shareholders.

    Cons

    A bureaucratic environment focusing too much on the process and bottom line revenue. Upper management has no clue what employees are actually doing.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful

    Avoid if looking for Growth!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY

    I have been working at Swiss Re full-time (more than 8 years)

    Pros

    Pay is good. Benefits are OK. Benefits like pension is eliminated and EPPis not attractive any more. 401K has been reduced for new joiners.

    Cons

    This company is not what it was once before. Few in upper middle management will do anything to save their job and create an unnecessiary layer. This restricts free communication and innovation.
    Meaning less projects that add no value and feels like things are done to just get attention and incentives. There is lot of good knowledge that is suppressed and not used. The thick middle management layer runs more on ego then knowledge and rationality.

    Advice to ManagementAdvice

    Clean up your culture and reduce clumsy management. Need to scale down the Director and MD levels.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful

    Avoid at all costs.

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

    I have been working at Swiss Re

    Pros

    Initial compensation, benefits. There are some co-workers who are easy to get along with.

    Cons

    The talent level of most mid to upper management is very low and there is a wide chasm between those who do the work and those who make decisions. The upper management seemingly makes decisions "in secret" then plop major tasks on those below them all at once with the expectation that whatever management decided on should take a certain amount of time effort and resources that they envisioned without ever having asked what exactly the work entails.
    The atmosphere is one of extreme passive-aggressiveness in management which creates a highly political environment with very low accountability up top.

    Advice to ManagementAdvice

    Work gets done in spite of you, not because of you. Stop thinking you know everything and utilize the talents of those who work for you who know more about certain topics/fields than you do. Stop feeling threatened by employees being empowered with knowledge.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 1 person found this helpful

    Actuarial Development Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Actuarial Development Program in Armonk, NY
    Current Intern - Actuarial Development Program in Armonk, NY

    I have been working at Swiss Re as an intern (less than a year)

    Pros

    Work-life balance is great, hours were flexible, and company promoted personal growth through experience in areas outside of your specified role. As an intern, I was able to meet with so many graduates and experienced professionals from other parts of the company. It was difficult getting work as an intern, but I was able to make this internship very worthwhile by reaching out, networking, and getting educated.

    Cons

    They are doing a great job improving their internship program, however some areas are lacking in their ability to work the interns, seem uninterested in having one, or are just too overloaded during quarter end for the intern.

    Recommends
    Positive Outlook
    No opinion of CEO
  6. 5 people found this helpful

    Overall a positive experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY

    I have been working at Swiss Re full-time (more than 10 years)

    Pros

    The company is generally generous with respect to compensation, bonuses, retirement plans and work/life balance.

    Cons

    Heath care keeps going up as I'm sure is happening in other companies. I'm not sure the new high deductible plan is good for employees.

    Advice to ManagementAdvice

    It seems that is you are not a Swiss man living in Zurich opportunities for senior positions are much rarer to come by. While I have seen some change in this recently, more work needs to be done.

    Recommends
    Neutral Outlook
    Approves of CEO
  7. Overall great experience. Would highly recommend the Interns@ program to anyone considering a career in Reinsurance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Actuarial(@ Program) in Armonk, NY
    Current Intern - Actuarial(@ Program) in Armonk, NY

    I have been working at Swiss Re as an intern (less than a year)

    Pros

    Great learning and growth opportunities as a Summer Intern. Swiss Re encourages a healthy work life balance, and has proven to be a warm and friendly environment to work in. The Armonk campus and building is beautiful and functional. The Interns@ program is a great way to get to learn about many different aspects of the re/insurance industry and encourages socializing and networking both with other interns and more senior employees.

    Cons

    Even as an Intern you still have to apply and go through the same competitive interview process as non-interns for a full time job at the company. There can sometimes be a confusion as to the many different intern programs which run throughout the summer (Interns@, Actuarial Development Program, Summer Jobs). Location (which may actually be a pro during the summer).

    Recommends
    No opinion of CEO
  8. 1 person found this helpful

    Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY

    I have been working at Swiss Re full-time (more than 5 years)

    Pros

    Excellent company to work for. Number 1-2 in the reinsurance industry. Access to Global expertise is a plus. Good salaries and benefits above average if compared with direct insurance companies.

    Cons

    A large company with a heavy structure, which sometimes seem to be bureaucratic. There have been constant changes in the recent past changing the direction of the company.

    Advice to ManagementAdvice

    Review policies for allocating corporate bands.

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful

    I have worked at Swiss Re for more than 10 years.

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

    I have been working at Swiss Re full-time (more than 10 years)

    Pros

    Swiss Re provides a good work-life balance, flexible hours, good pay and bonuses, and development opportunities. The people are great....diverse workforce both culturally and intellectually. Armonk location is beautiful with alot of amenities.

    Cons

    A bit bureaucratic. Internal opportunities can be limited in certain areas of the business.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful

    Best employer in the financial services industry

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

    I have been working at Swiss Re full-time (more than 10 years)

    Pros

    - Work life balance
    - A lot of creative freedom
    - Work is interesting and engaging
    - Great colleagues
    - Great strategy

    Cons

    - A bit bureaucratic
    - Changes in structure too often

    Advice to ManagementAdvice

    Great strategy and appreciate the initiatives to increase employee engagement. Would recommend a bit more stability - things change too fast around here. But love the company!

    Recommends
    Positive Outlook
    Disapproves of CEO
  11. 1 person found this helpful

    Excellent Company for Reinsurance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Actuarial Intern in Armonk, NY
    Former Intern - Actuarial Intern in Armonk, NY

    I worked at Swiss Re as an intern (less than a year)

    Pros

    Developed full-time onboarding program and the culture is very welcoming. Swiss Re has a global recognition and the work you do at any level is of the highest caliber. I especially liked the field of reinsurance simply because as an aspiring actuary it has options that are very similar to primary insurance but also has other roles that can offer a consultative experience. Also, as a non-US company the opportunity for global experience is easy to achieve.

    Cons

    The area the NY office is in (Armonk, NY essentially Westchester) is not in a particularly exciting area as a new college graduate, but NYC is only a 30-minute train ride away. For living in the Westchester area, the pay is not outstanding.

    Recommends
    Positive Outlook
    Approves of CEO

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