Gen Re Reviews | Glassdoor

Gen Re Reviews

Updated April 13, 2018
37 reviews

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

37 Employee Reviews

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  1. "Business Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Stamford, CT
    Former Employee - Business Analyst in Stamford, CT
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Gen Re (More than a year)

    Pros

    Too Good work environment. Excellent place.

    Cons

    I don't think any big drawback in this company.

    Advice to Management

    Nothing. Keep it up


  2. "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.

  3. 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.


  4. 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


  5. "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


  6. 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.


  7. 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.

  8. "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.


  9. "Good company, uncertain future"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Gen Re full-time

    Pros

    Great people, benefits are still decent.

    Cons

    Aggressive spending cuts, limited growth opportunities.

    Advice to Management

    Communicate better with employees.


  10. "So far so Good - Hope it gets better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Stamford, CT
    Current Employee - Analyst in Stamford, CT
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Gen Re full-time (More than a year)

    Pros

    Very Friendly People, Great learning opportunity about Insurance business for fresh talent. New Management is very aggressive to drive profits and attract new clients. Very good Analytics approach. Management striving hard to work on client benefits & client facing application.

    Cons

    Slow progress if you are IT folk.


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