Gen Re Reviews | Glassdoor

Gen Re Reviews

Updated January 1, 2019
41 reviews

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2.9
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Gen Re President & CEO Kara Raiguel
Kara Raiguel
11 Ratings

Employee Reviews

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  1. "Excellent place to work!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Gen Re full-time

    Pros

    Work life balance
    Facilities
    Compensation
    Leadership is rock solid

    Cons

    There aren't very many downsides for an employee


  2. Helpful (1)

    "Unfortunately, Not What it Once Was"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT
    Former Employee - Anonymous Employee in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gen Re full-time (More than 8 years)

    Pros

    - Good people
    - Good work/life balance
    - Solid work

    Cons

    - Small, flat organization means that career paths don't really exist
    - Managers tend to manage up as opposed to managing their teams
    - Extensive budget cuts over the past 4 years
    - Compensation and benefits have consistently been cut year over year since 2014

    Advice to Management

    Need to focus on growing the business, as the company has been consistently shrinking over time. Also need to hire/promote managers who truly care about their teams.

  3. Helpful (2)

    "Middle Management needs to be trained or fired"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accountant in Stamford, CT
    Current Employee - Accountant in Stamford, CT
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Good group of people, but we're rapidly loosing the good ones and keeping those that are mediocre or just there because it's convenient.

    Cons

    Middle management is terrible, most barely understand their jobs let alone the jobs of their team. Middle management is so concerned about looking good to senior management that they openly steal their team's work and pass it off as their own, until a mistake is made and then it is all the teammember's fault. Most of us that aren't job hunting are awaiting our package.

    Advice to Management

    Please please please come down to the 2nd floor and see the insanity going on in your operations and finance groups. The company is going to fail because you have poor management in those groups. There is still time before we all fail to wipe the slate clean and bring in management that actually understands the business and what we do and how we can be successful and grow.


  4. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter
    Former Employee - Underwriter
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Gen Re full-time (More than 5 years)

    Pros

    It's a nice family feel that really supports the network it belongs to.

    Cons

    It is a bureaucratic operation that doesn't promote out of the box thinking.

    Advice to Management

    I think it's moving in the right direct, cultural shifts are happening.


  5. Helpful (1)

    "Possibly in run off?"

    StarStarStarStarStar
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Account Executive in Stamford, CT
    Former Employee - Account Executive in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gen Re full-time (More than 10 years)

    Pros

    There are a lot of great, smart, talented people at Gen Re. For many years it providied a terrific learning and growth environment.

    Cons

    Cost cutting is causing the company to lose many of the best people, and become just another market. What was valuable about doing business with Gen Re is gone. They have lost their differentiation. CEO picked poor managers at the top and is doubling down which will exacerbate the situation.

    Advice to Management

    Treat employees better. Pay them and let them make decisions at a lower level in the organizaon. Invest in value delivery to customers.


  6. Helpful (1)

    "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I worked at Gen Re full-time

    Pros

    Owned by Berkshire and strong financially

    Cons

    Poor ceos in past and thus poor culture

    Advice to Management

    Change culture to more trusting


  7. "Changes in expense structure (good - getting leaner) but leadership lacking totally in charisma or personality."

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Time off, smart people. Used to be a good retirement package but now just a six percent match. Could be worse

    Cons

    Tough market, super risk averse for an insurance company. Management just spews the same obvious goals... maximize underwriting gain, without giving any good suggestions on how

    Advice to Management

    Try to understand the businesses better to position yourself to take on intelligent risk

  8. Helpful (1)

    "Company Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT
    Former Employee - Anonymous Employee in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gen Re full-time (More than 10 years)

    Pros

    Very good, knowledgeable, hardworking employees.

    Cons

    Senior management only cares about lining their own pockets.

    Advice to Management

    Start caring about your hard working employees.


  9. Helpful (2)

    "Company is on the decline"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT
    Former Employee - Anonymous Employee in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    - Great work life balance

    - Horizontal structure makes it possible for younger employees to get exposure to and learn from upper management

    Cons

    - Overly conservative pricing attitude has led to Gen Re not getting new business and decreasing market share substantially over the years.
    - In the past couple years, benefits and bonuses have been slashed in the name of cutting costs
    - Management is unwilling to adapt. The “that’s the way it’s always been done” mentality persists big time within the company culture.


  10. "IT Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Gen Re full-time

    Pros

    Committment to quality and team work is excellent. People and integrity matter.

    Cons

    They are going through organizational changes and new directives that are causing staff reductions and stifling growth and development.

    Advice to Management

    Look for ways to boost company morale and bringing the "people behind the promise" together again, including both business and supporting units.