Thread regarding ACE-Chubb (Chubb Corp.) layoffs

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 Personal Lines promotes minorities to management which is great. but they should also consider promoting people who deserve the job not just to meet a quota. No one is happy in this company. People waiting for a package just bail because they cannot take it any longer. Chubb is losing tons of business to AIG which is growing by leaps and bounds off of this. You can put lipstick on a pig but its still a pig. VIP clients are not fooled. HIgher premiums were paid to "Chubb" for the prestige of having Chubb Insurance which is now gone. Therefore these clients are moving the business elsewhere, as this company is viewed as just another insurance carrier. RIP Chubb 1882-2015

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Post ID: @OP+IrBT3HP

7 replies (most recent on top)

Chubb needed a shake-up. Legacy chubbies we're living in a bubble.

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Post ID: @43vxh+IrBT3HP

I couldn't say it better than the prior comment does. Evan just paid billions for a name he has ruined.

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Post ID: @2huyi+IrBT3HP

Chubb was profitable. There was no reason to sell other than to make the CEO richer beyond the imagination of any workers could imagine. Finnegan's sole purpose from day one was to freeze budgets and get the books looking good to a buyer. A buyer has only one objective. To take the customers and shed the employees. Well, that's exactly what Greenberg is doing. Both ACE and CHUBB employees are on the chopping block. First comes outsourcing of departments, then replacing long-time workers with new hires. In some cases both processes at once.

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Post ID: @1Dzin+IrBT3HP

It's not fair to say it was great until ace. Chubb has been going into the dumper since the board named a mediocre accountant as Ceo.

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Post ID: @3zhh+IrBT3HP

I collected a humongous package and got a job paying much more so no need for a job search moron...You will see when the cut your job, and it is coming so don't worry...BOHICA and enjoy..

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Post ID: @2fyy+IrBT3HP

I thought Ace was a great company until the merger. Now I have to listen to people complaining all day.

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Post ID: @1lzw+IrBT3HP

With nothing to do, you should get your job search going!!!

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Post ID: @rjo+IrBT3HP

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