Lexington Insurance Reviews | Glassdoor

Lexington Insurance Reviews

10 reviews

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3.9
Star Star Star Star Star
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Recommend to a friend
Approve of CEO
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Peter J. Eastwood
4 Ratings

Employee Reviews

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  1. "Senior Underwriter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Negative Outlook

    I worked at Lexington Insurance full-time (More than 5 years)

    Pros

    Flexible work from home, good benefits and generous time off.

    Cons

    Low pay and limited growth and job opportunities due to company reorganization


  2. "Construction unit Underwriting Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Product Line Manager in Boston, MA
    Former Employee - Assistant Product Line Manager in Boston, MA
    Recommends
    Positive Outlook

    I worked at Lexington Insurance full-time (More than 8 years)

    Pros

    Challenging work environment in the casualty risk assessment sector of the Construction
    industry in both USA and Canada.

    Cons

    Due to family circumstances, I had to commute from southern Rhode Island to Boston, Mass.
    That was the only "CON" I can recall

  3. "Good for the most part..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Claims Examiner in Boston, MA
    Former Employee - Claims Examiner in Boston, MA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Lexington Insurance full-time (More than 8 years)

    Pros

    Great people to work with. Most co-workers are more than willing to assist each other with company policies and procedures. Pay is good. Ability to work from home is a major plus.

    Cons

    The claim distribution procedure could use an overhaul. Employee Performance review process needs to be replaced with one which recognizes the merits of each employee.

    Advice to Management

    I believe more beneficial for Lexington to hire temporary examiners (part or full time) to cover the excess claim flow. That way regular examiners could devote the necessary time to their existing claims. Also, loose the Employee Review Process and replace it with one which will evaluate each employee on their own merits. Just a thought...


  4. "Collections Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    “Good benefits (vacation days, sick, personal), Good health and dental.

    Cons

    “Hard work is often rewarded with more work, under-appreciated, not enough support from management”


  5. "Internship - Catastrophe Modeling"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Catastrophe Modeling in Boston, MA
    Former Intern - Catastrophe Modeling in Boston, MA

    I worked at Lexington Insurance as an intern (Less than a year)

    Pros

    Great group of people who care about the inters. I worked there after my freshman year in college and it was a great experience because they actually had the interns do meaningful work which made days go by faster and gave me some marketable skills.

    Cons

    Hard to say that there was much bad about the internship, only thing that really got me was that it was cyclical so at the end of the month there would be a lot of work and tight deadlines, but during the middle there may be nothing to do.


  6. "It all depends on your group, more decentralized than most large companies"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriting Specialist in Boston, MA
    Former Employee - Underwriting Specialist in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Lexington Insurance full-time (More than 3 years)

    Pros

    Solid pay, awesome benefits, Lexington is very well respected in the industry, many talented coworkers, opportunities to transfer and be promoted.

    Cons

    Lexington really comes down to your group as it is more decentralized than most large companies. Some teams are awesome and others are terrible. The compnay functions more like a bunch of separate divisions with their own culture rather than one unified company. No, or very little interaction with other divisions. While their are still many talented people here, the companies continues to bleed talent.

    Advice to Management

    Increase interaction between divisions and create a culture that brings divisions together.


  7. "Stay away from Lexington Insurance."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriter Assistant in Boston, MA
    Current Employee - Underwriter Assistant in Boston, MA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    It is a very flexible place to work. It is a very laid back environment, just as long as you get your work done. They will pay for insurance classes.

    Cons

    Promotions are rare and you really only get promoted if you suck up to the manager and go out partying with them. They do not help pay for a masters program. They do not pay for overtime and the bonuses are limited and are very small. People only care about themselves.

    Advice to Management

    They need to do a better job of promoting people who work hard and take classes. They should look for the best workers to promote and not to bring so many people from the outside into the company when there are already qualified individuals for the job.

  8. "Great experience if you have the energy to make the most of it on your own"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriter in Boston, MA
    Current Employee - Underwriter in Boston, MA
    Recommends
    No opinion of CEO

    Pros

    Excellent industry experience by nature of the sheer volume of business written

    Cons

    Insular network within management team - only those in the "inner circle" are rewarded with promotions

    Advice to Management

    Pay close attention to all employees


  9. "Lexington Insurance encourages teamwork, entrepreneurship, and knowlege sharing to help the company grow and prosper."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Manager in Boston, MA
    Current Employee - Operations Manager in Boston, MA
    Recommends
    Approves of CEO

    Pros

    Lexington is a part of a large organization - AIG - but it maintains a spirit of entrepreneurship throughout the company. People are encouraged to take chances and stretch to achieve. There are many professionals working at Lexington who have been with the company many years, so the knowledge base is strong and everyone I have worked with is very willing to share their knowledge. As you advance in the organization, there are many opportunities to try new things and add responsibilities. In addition, the company is located in downtown Boston and is easily accessible by the commuter rail or T.

    Cons

    Being an insurance company with tight margins, pay is not as high as with some other industries. Additionally, a lot is expected of workers. If you are looking for a company that rewards mediocrity, this is not the place to come. In order to achieve, you need to work hard, put in long hours, be a team player, and demonstrate your skills. As with any company, what you get out of your work is in large part a reflection of what you put in. If you are bored with your role within the company, do something to initiate change. Change won't always come knocking on your door.

    Advice to Management

    The biggest piece of advice I would give is to keep communicating with the organization even after the dust settles on the current turmoil. Senior Management has spent a lot of time with employees, customers, brokers, and everyone who interacts within and outside the organization.


  10. "Lex jobs"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    Good career opportunities for employees

    Cons

    Training is limited for employees