Swiss Re Reviews

Updated June 29, 2015
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3.7
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Recommend to a friend
Approve of CEO
Swiss Re Group CEO Michel M. Liès
Michel M. Liès
8 Ratings

Pros
  • Company with an xcellent work-life balance (in 33 reviews)

  • Great benefits - pension, season ticket loan (in 14 reviews)

Cons
  • Senior management focuses too much on "the numbers" that they will deliver to shareholders and not enough on what their employees are actually doing (in 10 reviews)

  • Work life balance, depends on line of business you are involved, or markets (ie (in 4 reviews)

More Pros and Cons

23 Employee Reviews

Sort: Popular Rating Date
  1. Head Logistics Armonk

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 a year)

    Recommends
    Recommends

    Pros

    Overall great company to work for. The benefits are nice and their 401K plan is unmatched. Love the location in Armonk but not a ton of corporate jobs outside of NYC.

    Cons

    Salary increases are definitely hard to come by. Bonus pool is typically as planned. Does not pay as well as finance industry but it is the reinsurance industry afterall.


  2. Long term employee

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Flexible work schedule, Great campus

    Cons

    The way they award bonuses does not seem fair not logical.

    Advice to Management

    Happy employee makes for quality work


  3. Bureaucracy and politics reigns

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

    I worked at Swiss Re full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good reinsurer, good work life if your team adopts work flexibility program. Great place to retire or join at MD level.

    Cons

    Lots of accountability yet no empowerment. Academic mentality, including bureaucracy and politics. Academic salaries. Rigid band structures that obstacle performance based rewards and career advancement. Decisions taken in Zurich headquarters. No gender diversity. No culture diversity at management level. No culture sensitivity. Very anti American company.

    Advice to Management

    Implement basic diversity programs. Introduce extra rewards for employees working extra hours at a global level. Increase salaries.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    Some good some bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Global company, good vacation time, good retirement benefit. Bonus can be ok but company is now capping that as well and raises are nearly nonexistent even for high rating on perf review

    Cons

    Bureaucratic, Anti-American, P&C company with disdain for the Life side of the business even though Life is a big portion of the total revenue

    Advice to Management

    Trust regional leaders instead of imposing Zurich view and destroying our market share by mandating changes that don't make sense. Give raises to employees instead of just doubling dividends for investors.


  6. Good working environment

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

    I have been working at Swiss Re

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Company endorses a philosophy of owning the way you work. Decent benefits and working environment. There are many training opportunities to take internal training courses and working with cross function teams.

    Cons

    Very Bureaucratic. Opportunities for advancement limited, especially at the senior management level. Annual increases minimal if any.

    Advice to Management

    Stop managing the company using dashboards and be more appreciative of staff working outside of Switzerland.


  7. Helpful (1)

    Avoid if looking for Growth!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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


  8. Helpful (6)

    Avoid at all costs.

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

    I have been working at Swiss Re

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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 Management

    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.


  9. Helpful (3)

    Actuary's opinion

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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.


  10. Helpful (1)

    Actuarial Development Program

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    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.


  11. Helpful (5)

    Overall a positive experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

    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.



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