Hi All, Keep hearing water cooler rumors of Chubb moving in office mandate to 4 days. Anybody hearing any different?

Have you heard anything about potential Chubb layoffs? Any chatter, news or rumors?

Here is a vote of confidence, I guess we should interpret it as some very good news. https://finance.yahoo.com/news/warren-buffett-details-berkshires-apple-224315971.html

Do you think there will be Chubb layoffs? Any chatter, news or rumors?

Do you think there may be small/medium/large Chubb layoffs? Any chatter, news or rumors?

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 

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 

Do you know if any Chubb underwriters will be affected if layoffs happen?

Do you know how many employees work at the co? How about the HQ at Warren?

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 

What's your prediction as it relates to the possibility of Chubb Layoffs in 2019?

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.

Now take a moment to process that, let it sink in.

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 

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 

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 

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 

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 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 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 

http://www.roanoke.com/news/local/layoffs-announced-at-salem-office-of-global-insurer/article_73e485b1-793a-5517-b9be-e9518a2583a0.html

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 

What is the likelihood of Chubb layoffs in Warren in 2016? Please let me know if you have any information.

Probably common knowledge, but for those not "in the know," Chubb's Warren HQ will be closing within 90 days. Employees will be moved to other offices, especially Whitehouse Station, where Evan Greenbergs new office is being constructed...

Heard that there were lots of cuts affecting Warren last week. That's all I heard.

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?

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 

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 

This is a stable company and financially conservative company. It is a definitely a good place to be with the current economy. Lots of smart people, they valued characters. i would say it is a good job security in tough times.

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.

See the linked interview where Greenberg basically says that the new company will be Ace with the Chubb brand & book. If you thought the Chubb culture might survive, you were wrong. http://m.institutionalinvestor.com/Article.aspx?ArticleId=3520126 — read more 

Can't say how I know. But if you are in IT, I suggest you brace yourself for big changes in 2016. Sorry to hurt anyone's feelings, cause honestly they're all nice people, but big changes are probably well warranted. The bloat, the churn, the... — read more 

Used to work for Chubb - My job had outstanding benefits, profit sharing and pension plan was exceptional. The company was going through a major layoff and I was let go. That's such a bummer as I enjoyed working there. My boss, Lisa was the best boss... — 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

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 

Chubb will at some point experience much bigger issues if compared to what we have now - the industry is slowly changing and it'll catch up with us. Chubb is very slow to move in the face of change, and that's not good for workers and shareholders... — read more