Do you think there may be small/medium/large Chubb layoffs? Any chatter, news or rumors?
Do you know if any Chubb underwriters will be affected if layoffs happen?
Chubb Says No Layoffs During Covid
https://www.insurancejournal.com/news/national/2020/04/06/563452.htm Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of the COVID-19 pandemic health crisis. The insurer has also... — read more
Chubb fortune 500 ranking 2019: Number 382
That's better than being delisted
How many people work at Chubb?
Do you know how many employees work at the co? How about the HQ at Warren?
Chubb continues to outsource
Had a department meeting today and we were told they are outsourcing our jobs in claim ops starting in September. Kind of crazy. Can anybody share more info on this? Did they tell you what kind of severance you'll be receiving? Is it limited to claim... — read more
Chubb Layoffs 2019
What's your prediction as it relates to the possibility of Chubb Layoffs in 2019?
Chubb Salem Shutdown
Chubb Limited to close Salem, VA site as of 6/30. As of that date, most of remaining IT employees who had not received prior termination dates, will be laid off. Only approximately 9 IT employees remaining to work remotely or move to NJ. From... — read more
Chubb employees who coasted for years deserved exactly what they got!
I was a consultant at Chubb in 2015-part of 2016. I was stunned at how many employees basically did nothing and had immensely inflated jobs. They filled their days up with useless meetings to show how busy they were, thought they were entitled and... — read more
Chubb Layoffs 2017
You can never tell if layoffs are masterminded and completely planned, but if HR has too many meetings with closed doors you got to be freaked out. I am in Warren.
Chubb cuts retirement health insurance
True to Greenberg's insatiable quest to put more money in his pocket, Chubb has announced it will phase out the Chubb retiree health plan by 2026, This was one of the benefits that Henry Harder made sure was available to dedicated Chubb long term... — read more
Salem Office Job Cuts
Greenberg and Chubb's board
Chubb was very loyal and decent to its employees. I know I worked there for over 30 years. That all ended when Dean O'Hare left. He was the last vestige of integrity the company had. When Finnigan took over the strategy was set with Chubb's board... — read more
No longer the place to be and not the place it once was
Job cuts have been ongoing since March and continue to happen throughout the summer and fall. Rumor has it that if you are let go in 2017 the package is 4 weeks pay regardless of years of service. So I guess these folks are lucky because now they get... — read more
In the dumper
Chubb was a great company to work for until the merger took place back in January. There are many departments that are now run by legacy ACE folks and have absolutely no work ... People just sitting around doing nothing. Another issue is that... — read more
ACE NEEDS TO REALLY REVIEW THE MANAGEMENT OF CHUBB AND WHO TO KEEP AND WHO TO LET GO
Ace needs to realize that the management at Chubb (local and Warren) are the most dishonest people. If one does not like you, they will do everything in their power to make sure you are destroyed as an individual. Long term HONEST, LOYAL, DEDICATED... — read more
Chubb is no longer on the Fortune 500 list, either
Now take a moment to process that, let it sink in.
I watched loyal employees cut while the executives made millions...
They're cutting expenses... Yet look at Evan Greenberg's salary for 2014... Evan Greenberg, Chairman, president and CEO of Ace Ltd Base Salary: $1,200,000 Bonus: $6,250,000 Restricted Stock Awards: $6,825,052 All Other Compensation: $900,776 Option... — read more
Worked at Chubb for almost 26 years before I resigned in 11/2015 due to illness.
In a way, I feel blessed by leaving Chubb as my illness was caused by a combination of increased (and overwhelming) workload and poor management (both supervisor and management). If I stayed at Chubb, I may not have been able to handle the aftermath... — read more
Cost to match results by year end 2016
Reduction in cost to prove the takeover was justified will include a large head count reduction. ACE senior management thinks Chubb people have been coddled for too long and are overstaffed in many areas from a culture of we promote from within... — read more
Any word on the Salem office? Ace bought Firemans fund, but it feels like the other way around. Salem office works hard and cheap, but the writing seems to be on the wall. No more Sr. Leadership - positions aren't being filled at that office - rumors... — read more
Heard there were cuts in Warren
Heard that there were lots of cuts affecting Warren last week. That's all I heard.
Welcome to the world of ACE!
The company had perhaps the worst reputation among large carriers and culture towards its employees of any including AIG. For those at Chubb that still believe that they will be left alone to operate as a separate enclave within the ACE organization... — read more
This is corporate greed at its best. 1) little Evan has to prove to his father he's a BIG man 2) Finnegan never invest a dime in Chubb. They should never of kept the Chubb name. It's being misrepresented. Shame
$650M In Cuts - How Many jobs is this?
I think it's about 150K per job - so it adds up to a few thousands? Do we REALLY know how many people will be eliminated?
In your office what percentage of people do you think are leaving?
So word at "new" chubb is legacy chubb folks are waiting for bonus payouts in March and then the mass exodus will start. At least that's what they are hoping and will get them well on their way to cost savings. There are massive turf wars going on... — read more
I was one of the victims of the 2011 EPC layoff. Chubb was a good company to work for, and they really took care of their folks. Best of luck to all who may be involved in any type of separation from the company.
I work in I.T
Now I'm going to be in the **I.T
This is the company that I retired from last May. Man I am so glad I did. The comments you're reading and the lost your seeing are from people that I've worked with for 15 years. Be strong.
I worked for Chubb 37.5 years.
Retired 2015, boy am I glad
New branding is a little sexist
"Craftsmen" and "craftsmanship"... Didn't anyone think about how women also work at this company?
For people who are spreading rumors about Warren HQ closing - it will not close in 90 days
It's closing at the end of the year - please do not lie
Flexible with employees
They are really flexible with employees work schedule, which is a good thing. They are always trying to provide employees with an extraordinary work environment. But, on the other hand balance between life and work is good just for lower level... — read more
Should I update my resume?
It seems like some folks are already updating their resume. Situations is not good at all. Who will be hit the most... We will end up outsourcing almost everything.