1.0
Jul 15, 2024
Ace destroyed the uniqueness of Chubb.
Former employee, more than 5 years
Simsbury, CT
Recommend
CEO approval
Business Outlook
Pros
Be part of the walmart of insurance.
Cons
Overtitled under experienced Ace management took over a company that had a reputation so good they could charge more just because of the name. Ace combined a bunch of companies it purchased and then slapped the Chubb name on it. The number of Chubb employees who left Chubb in the five years after Ace purchased Chubb and gutted its practices is an astonishing number. Why such an exodus of talent? Because if you were not part of the leverage size strategy you were meaningless.