Tower Group (New York)

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Tower Group (New York) Reviews

Updated August 17, 2014
Updated August 17, 2014
43 Reviews

2.7
43 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
William W. Fox, Jr.
1 Rating

Employee Reviews

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  1.  

    It was a great place to work

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

    Pros

    Fast paced and fun. Decent working conditions.

    Cons

    Resources were, at times, limited.

    Advice to ManagementAdvice

    Know where the money is going!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Poor systems and ineffective upper management

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    middle management good and very good experienced claims employees. Pay raises froze and no raise in year & one half. Need to improve benefits, just a meager 401K. Moot issue as company merged now

    Cons

    Benefits poor. No bonus or profit sharing and salaries below average

    Advice to ManagementAdvice

    Support your employees especially during transition to ACP Re

  3.  

    Good place to learn and move on

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Property Field Adjuster  in  New York, NY
    Former Employee - Property Field Adjuster in New York, NY

    Pros

    Good learning experience, managers are helpful. Good Training, good fundamentals.

    Cons

    Bad middle Middle Management, they dont help you. Managers help you but they stab you in the back.
    High volume of claims, impossible to be current.

    Advice to ManagementAdvice

    Be more helpful to the field adjusters

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  5.  

    Challenging and Fast Paced Work Environment

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

    Pros

    I think it's one of the best jobs in risk insurance on Wall Street. Staff is great and helpful, and the VP's are willing to work with you and are not afraid to give you responsibility. This helps one grow,especially as an intern at a great company!

    Cons

    In my department I worked a lot. More than 40+hrs a week.

    Advice to ManagementAdvice

    A little more guidance on projects,or a mentor by our-side to at least show us the ropes.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Business Analyst

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

    Pros

    Great atmosphere, everyone wiling to work as a team.

    Cons

    None at this time s

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    A sad story

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

    Pros

    When I joined, the team was great and the company was focused on growth. There was a lot to do and fix, but there was great optimism.

    Cons

    After the company experienced financial difficulties, everything fell apart. The team did not band together. The environment became very ugly and secretive.

    Advice to ManagementAdvice

    Improve your communications.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    IT

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

    Pros

    Tower's location in NYC and particularly Jersey City makes it an easy commute for anyone in the NY/NJ Metro area.

    Cons

    Declining financial position including AMBest Ratings, pending merger, state oversight, and lack of go-forward bonuses.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Well Treated While It Lasted

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

    Pros

    Ability to work independently and design own (one-of-a-kind) job. Easy access to upper management. Good people. Nice office environment and location.

    Cons

    Ever changing direction from top exec. Promotions from within very rare - negotiate your best deal on the way in.

    Advice to ManagementAdvice

    Company in the process of being sold. New owners should recognize the value in the employees who remain.
    Although I am giving senior management a low rating - some of the top exec's are excellent.

    Doesn't Recommend
    Negative Outlook
  10. 1 person found this helpful  

    The organization is in a constant state of flux as indicated by the current merger status of the company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Office Services/Facilities  in  New York, NY
    Current Employee - Office Services/Facilities in New York, NY

    Pros

    Tower has hired some of the best talent out there and the hard working employees and staff are the biggest plus for the company.

    Cons

    The overall atmosphere, coming from the top down, is unpredictable. The work environment and culture of the company is non reinforcing for the general staff.

    Advice to ManagementAdvice

    Admit your mistakes and move on.

    Doesn't Recommend
    Negative Outlook
  11. 1 person found this helpful  

    Underwriter

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

    Pros

    Nice office, Pleasant coworkers pretty good salary and benefits

    Cons

    Management is all over the place. Lack of organization. Trying to grow too fast will be its downfall.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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