General Re Reviews | Glassdoor

General Re Reviews

Updated March 8, 2017
5 reviews

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2.0
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General Re Chairman, President, and CEO Franklin (Tad) Montross
Franklin (Tad) Montross
4 Ratings

5 Employee Reviews

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  1. Helpful (4)

    "Innovative thinkers - stay away!"

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

    I have been working at General Re (More than 5 years)

    Pros

    Generous compensation. Home office has post office, Starbucks, decent cafeteria, dry cleaning, gym on site. Bonus, 401K contribution structure, and vacation time are all great but that is being done away with soon by the new CEO.

    Cons

    Gen Re has a "country club" atmosphere, where everyone has been there for 20+ years and is incapable of thinking outside of their little bubble. This, combined with the fact that there is zero accountability, leads to an upper management that is incredibly resistant to any type of change.

    This has also promoted an environment where everyone in senior management has only gotten there by being chummy with the good old boys for 20 years; people DO NOT get promoted on merit (despite their laughable "meritocracy" initiatives). If you have not been working there for a long time or you are young you will NOT be taken seriously.

    In fact, they are notorious for firing progressive, smart people who think outside of the box because their ideas are not in line with those above them.

    If you are a progressive thinker who has big ideas and thrives off changing businesses for the better, do not apply to this company. If you want to be on "easy street" and get promoted through becoming a sycophant for years and years then this may be the place for you.

    Many, many employees were hopeful that with the new CEO this would change but it seems to be more of the same.

    Advice to Management

    Talk to employees who haven't been working there for 30 years to see what their ideas and thoughts are. Implement 360 reviews for managers (and actually read them!) to hold them accountable.


  2. "VP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - V Ice President in Stamford, CT
    Current Employee - V Ice President in Stamford, CT
    Negative Outlook
    Approves of CEO

    Pros

    In the past a stimulating environment with good pay and benefits and flex time.

    Cons

    The future is very uncertain.


  3. Helpful (1)

    "Overall good company, but would highly recommend not working there."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Tax in Stamford, CT
    Former Employee - Tax in Stamford, CT
    Doesn't Recommend
    Approves of CEO

    Pros

    -Benefits are good.
    -Salary is above average compared to other companies.
    -Work/life balance is attainable.
    -New facilities
    -Solid company with strong reputation.

    Cons

    -Turnover is very high compared to other groups due to all the listed cons.
    -Employee morale is very low.
    -Tone at the top environment does not promote collaboration.
    -Lack of consistency among middle managers.
    -Feedback development is very poor compared to professional benchmarks.
    -Managements consistently lacks the skills to professional develop young professionals seen with high turnover.

    Advice to Management

    Identify the causes of the issues and take necessary steps to resolve and improve the overall environment and image of the company.


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  5. "General Re Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    work life balance
    flexible vacation policy

    Cons

    legacy systems
    old school culture and values
    lack of young/dynamic talent


  6. "Former employee review"

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

    Pros

    Reputation
    Financial stability
    Large organization supports multiple career choices within the same umbrella organization (you don't have to leave the Gen Re Group to try something new)

    Cons

    Large organization isn't always in touch with what makes sense
    Reputation causes some to be arrogant or dismissive of client issues

    Advice to Management

    Get expenses under control--it's great having the financial stability of Berkshire behind you, but if you're just going to whither on the vine slowly, you're not serving the Berkshire shareholders. Make a plan to create a viable entity INCLUDING expenses in the next year or two, or start putting some stuff into run-off.


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