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Everest Re Group

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Everest Re Group reviews

3.2

46% would recommend to a friend

(328 total reviews)

Jim Williamson

32% approve of CEO

41% positive business outlook

Everest Re Group has an employee rating of 3.2 out of 5 stars, based on 328 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Everest Re Group employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

328 reviews
1.0
Sep 27, 2023
Recommend
CEO approval
Business Outlook

Pros

Fast track adoption of new technologies, opportunity to be part of a major technology refresh, great opportunity to live the life of a top-5 consulting firm with the security of a full-time job (if you are lucky to be hired from a non-NJ location)

Cons

Taco Bell discontinued 7-Layer Burrito from its menu in 2020 and after a hiatus of 2 years it has reappeared in a completely new avatar at Everest. Don’t go looking for it in the café, look at the organizational structure of Everest IT and connect with anyone who has been there for over two years. When the whole IT industry is attempting to go flatter, the IT leadership has made it their mission to counter it by creating more layers. Every reorg will push you deeper. The CIOs believe that more Directors, AVPs and VPs are needed to create a layer of interpreters between them and the worker bees, never mind the cost burden for Everest. The most important qualification to be hired for these positions is your past association with the CIOs. You do not know them personally, no problem. Find someone outside Everest IT who can introduce you to them and your probability rises exponentially. If a business leader recommends you to the CIOs, your hiring is almost guaranteed, never mind how well you qualify for the position. And money is not going to come in the way of hiring you in such situations – name your price. After all these CIOs also came to these positions based on their past associations with leaders and they do not tire talking about those connections. Did you say internal candidates are the first ones to be considered for new positions? That may be the norm in companies where IT leaders value the knowledge and the capabilities of their team. You will be disappointed if you expect to see that at Everest under the current IT leadership. Expect to receive a lot of negative feedback in the garb of coaching. Expect to be challenged by your CIOs in the presence of Business or vendors if you dare to be truthful and stay with facts that counter their narrative or promises. Very soon you will realize that the only way to survive these rough waters is to dive deep, become invisible, and take deep breaths when you get the urge to speak against the official narrative. If you are identified as someone who can’t be neutered, your favorability vanishes and you can count on getting one layer deeper. For your entertainment in these tough times, Everest offers a very flourishing grapevine and if you are lucky, you could win bets with colleagues on the next big reorg or a new senior hire or another major exit. You will be amazed at how a gathering of over 200 colleagues in an IT townhall for over 90 minutes can act so mesmerized by the content presented that they have little to no questions – not in the townhall, not after. A pop quiz after an hour of the townhall will leave you struggling for what you retained from the 90-minute ordeal. It is more like a presidential rally where on cue you are supposed to applaud, show specific emotions, cheer and then go about your job. If you are a non-referral hire, leave your dignity and self-respect outside the door. You did not know how much tolerance you had for putting up with humiliation, being ignored, being summarily dismissed, and things decided for you. Any new initiative of value, substance and visibility will only be routed to those managers who are good at saying yes to CIOs and treat every breath of air emanating from their mouths as gospel truth and royal command. So over time, you will settle into doing lesser for a good pay and wait it out. You may be reminded of Eagle’s Hotel California – “You can check-out any time you like but you can never leave!" Once you have checked in and stayed a bit, too late my friend. Run while your soul is still in your control. Well, if you are really missing the 7-Layer Burrito, look no further, you have come to the right place.

1.0
Nov 19, 2019

Horrible Management

Recommend
CEO approval
Business Outlook

Pros

Some consistency in the division.

Cons

Where to start... nepotism is rampant throughout the company. Very few opportunities to advance your career internally. They would rather over pay and recruit from the outside than look internally. Pay and benefits package are not good, especially taking into account what is being offered in the industry. HR (in their infinite wisdom) has decided to rebrand positions and many people have seen their position titles stripped and rebranded to what outwardly seems as demotions hurting employee morale.

2.0
Jun 21, 2017

Bad IT Management

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Company is doing well, many opportunities. Fair compensations &benefits and decent pension plan. Majority of the employees are very nice and many of them have worked in the same company for a long time.

Cons

New IT Management joined 2016 and everything has gone downhill since. They opened many new high level (highly compensated) positions at the top to bring in Leadership, Project Managers, Scrum Masters, Architects from outside the company. On the other end, they have forced out/replaced many existing experienced technical staff and replaced them with cheap offshore consultants (with zero experience) from Infosys Management staff spent all day in meetings with very few people left on the floor to do the actual work. In addition, management came up with so many new processes & procedures (Agile, JIRA, Pillar groups, Architecture Review Board) that has added another layer of overhead to the few technical staff who were doing the actual work. It now takes weeks (if not months) to complete a very simple project. The new IT team are managing their staff using ‘fear’ tactics: first telling employees that they will give out more bad(they call it 'curved') reviews and then threaten to get rid of people with below average reviews. Bonus are reduced because all those new high paying big fishes take money from the pool first. IT consultants are being clamped into desks & environment worse than a call center floor. The result: employees are fed up and moral are low. Everyone is focusing on their own assignments and stopped helping out each other. Projects were delayed and quality of work dropped thanks to the help from Infosys. If you want to join Everest as an engineer, developer, QA, or tech support; please think twice because this company is moving all these positions offshore to Infosys. Management here don’t value these technical skills (easily replaceable in their mind) and eventually and IT department will be left with on-shore management team plus an army of Infosys consultants.

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Everest Re Group Response
9y
Thank you for sharing this feedback on your experiences within the Everest ETS group. As you are aware, the ETS team has been going through a transformation to make the department and its processes more effective and efficient, and our projects more collaborative, but we do understand that transformations such as this can be difficult to get through. We recognize that the team is being held to a higher standard, and that performance expectations are changing. IT management is being asked to create an IT Department that better supports our fast-paced, growing business. Our CIO, ETS Leadership and Recruiting teams are focusing on recruiting talent at all levels, specifically those in the early stages of their career to encourage growth and development at Everest, and we have many brand new roles open at that level. Please know that we are sharing your feedback appropriately so that it is addressed. We never want to hear that employees are fearful, morale is low, or that individuals are no longer collaborating with each other, as this is not the culture we strive for at Everest.
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Glassdoor has 410 Everest Re Group reviews submitted anonymously by Everest Re Group employees. Read employee reviews and ratings on Glassdoor to decide if Everest Re Group is right for you.