Toxic culture from the top to the bottom - Underwriter Munich Re Employee Review

1.0
Aug 1, 2023
Recommend
CEO approval
Business Outlook

Pros

Starbucks at cafe. Cafeteria serves lunch High school style at Princeton prices.

Cons

MR US CEO is arrogant, condescending and egocentric. His direct reports do not bother advising him as he is German and knows everything. They just follow orders. Authorities are words on paper but none in reality. Everyone is micro managed. Different rules for different people. Accelerated career ladders for friends. Interviews are a farce as most often “special people” will get coached for interview by the interviewers. Office politics is overwhelming. Compensation is stagnant and not competitive. Bonus tied to lack of worldwide catastrophes. No bonuses were paid during Covid. Supplies were on the employees dime. pricing tools are antiquated. Layers of work arounds and multiple excel based tools. Blame shifting, managing out vs managing up employees and bullying/ fear tactics best describes management style -driven by CEO. Strategy changes at a whim. Communication is poor. Goals are vague. Careers are capped unless you are German, Risk trainee, or have a friend on BOD mgmt that will send a recommendation.

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5.0
Jun 8, 2026
Recommend
CEO approval
Business Outlook

Pros

Great team culture and great benefits

Cons

Corporate venture capital can move a little slower than typical VC

4.0
Jun 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Great bonus and great health and commuter benefits

Cons

A lot of company politics

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Munich Re Response
4d
Dear colleague, Thank you for sharing your feedback. We’re pleased to hear that you value our benefits, in particular the bonus structure as well as our health and commuter offerings at Munich Re. We also appreciate your perspective regarding the company politics. We understand this is a broad term that can reflect very different individual experiences. If you would like to share more specific insights or examples, we would welcome you to reach out directly via e-mail to HRcareers@munichre.com. Thank you for your contribution during your time with us. Kind regards,
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