Pros
Very talented, dedicated people. Good salary and benefits. Attractive building. Pleasant office space. Nice views from Hoboken. Some prestige--name recognition around the world (at least in the insurance industry).
Cons
Lots of layoffs in IT. Low morale. Everyone worried that the axe will fall on them. Tendency to leave people stuck in same position for years--you have to really be assertive to avoid getting stuck. Frequent leadership changes with corresponding changes in culture/direction. Feeling that employees are taken for granted. Management does not seem to care at all about losing good people. In fact, they've been actively trying to get rid of people to reduce payroll. There seems to be a perception around the firm that IT doesn't really help to maximize profit--it provides too little bang for the buck.