Swiss Re
3.8 of 5 140 reviews
www.swissre.com/careers/ Zurich, Switzerland 5000+ Employees

Swiss Re Reviews in Armonk, NY

Updated Mar 30, 2014
All Employees Current Employees Only

3.7 12 reviews

                             

80% Approve of the CEO

Swiss Re Group CEO Michel M. Liès

Michel M. Liès

(5 ratings)

82% of employees recommend this company to a friend
12 Employee Reviews Back to all reviews
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Vice President

Vice President (Current Employee)
Armonk, NY

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

ProsExcellent 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.

ConsA 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 Senior ManagementReview policies for allocating corporate bands.

Yes, I would recommend this company to a friend

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

Anonymous Employee (Current Employee)
Armonk, NY

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

ProsSwiss 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.

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

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Best employer in the financial services industry

Anonymous Employee (Current Employee)
Armonk, NY

I have been working at Swiss Re full-time for 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 Senior ManagementGreat 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!

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Excellent Company for Reinsurance

Actuarial Intern (Former Employee)
Armonk, NY

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

ProsDeveloped 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.

ConsThe 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.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great Global Company!

Technical Accountant (Current Employee)
Armonk, NY

I have been working at Swiss Re full-time for more than 3 years

ProsFlex time, great benefits, good pay, and great co-workers

ConsLittle growth opportunities in a huge company

Advice to Senior ManagementDevelop and grow employees

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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great company

Associate Actuarial Analyst (Current Employee)
Armonk, NY

I have been working at Swiss Re full-time for less than a year

Prosit is a very global company, big platform for you with great opportunities worldwide. very diverse culture. people you work with are smart and sharp.

Consduring busy season, it could be super busy if you work in reporting division

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Graduates Program in the US

Graduate (Former Employee)
Armonk, NY

I worked at Swiss Re full-time for more than a year

ProsDecent program -- but certainly not the greatest -- for a first job straight from undergrad. (If you have an advanced degree or some years of real work experience then don't bother unless reinsurance is really what you want to do.) Being an international corporation they still have better perks than most but of course those in the home office (Zurich) have it best.

ConsMicromanaged by folks in Zurich who don't really care about US employees. The people who run the Graduates Program are HR types who care more about themselves the program itself -- they lie to you about long term opportunities. Treat everyone the same including those who have several years of experience.

Advice to Senior ManagementLook at the retention rate of graduates in the US -- it's a joke!

No, I would not recommend this company to a friend

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Politics reigns supreme

Anonymous Employee (Former Employee)
Armonk, NY

I worked at Swiss Re full-time

ProsNice place, easy commute with plenty of parking. Good salary and benefits.

ConsManagers throw people under the bus. Would be nice environment except that back-stabbers seem to have the upper-hand. A merger/acquisition every couple of years and the new companies always seem to impart a negative impact on the culture. Long weeks.

Yes, I would recommend this company to a friend

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Watch the ReOrgs !!!

Business Analyst (Former Employee)
Armonk, NY

I worked at Swiss Re

ProsNice People wo work with, Lots of opportunity in Insurance and Client Mgmt. Work all over the World !!

ConsPig Headed Swiss / German Mentality !!! Beware when after a ReOrg, you find yourself working for Zurich all alone in the US.

Same position not the same PTO..

3 weeks in US vs 5 weeks in Europe

Yes, I would recommend this company to a friend

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Unfair compensation and hypocrisy run rampant at Swiss Re

Vice President (Current Employee)
Armonk, NY

I have been working at Swiss Re

Pros- Work/Life Balance
- Travel
- Professional Development in certification courses
- Flexible hours that do not drive you crazy

Cons- Lack of inspiration from upper management: Very mature company in a mature industry. Cannot think outside the box
- If Zurich says jump, New York says how high
- Non-transferable skill set when looking to leave
- Hypocrisy in upper management value message and execution
- Lack of vision
- Personally believe that Swiss Re, in the next market down cycle, will suffer severe repercussions for their inability to hedge highly exposed balance sheet

Advice to Senior Management- Stop being scared. Use the talent around you to achieve greatness. You are not relegated to only one sector or industry. Take a lesson from the Buffets of the world and diversify.

No, I would not recommend this company to a friend

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Swiss Re – Why Work for Us?

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance… Full Overview

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Glassdoor is your free inside look at Swiss Re reviews and ratings in Armonk, NY — including employee satisfaction and approval rating for Swiss Re CEO Michel M. Liès. All 12 reviews posted anonymously by Swiss Re employees.