Pros
Pay and benefits are decent. Used to have good expense accounts and some in office perks but all of those have been taken away gradually over time in the US region. Zurich is still awash in benefits, resources and amenities.
Cons
If you are based in Zurich, you get a wealth of benefits no one else in the company gets including 1% mortgages, credit cards, free food every day, beautiful health /gym facilities, an extra 4 weeks vacation after 10 years with the company among others! If you work anywhere in the US, you are not considered valuable, important or worth much more than the dirty desk you sit at. Despite the fact that the North American region represents about 50% of Swiss Res' global profits, we get likely 15% of the resources and benefits that Swiss Re allocates. The rest goes to Zurich based staff. It is time to start investing in your non Swiss employees so your turnover won't be so horrific. Good people are leaving Swiss Re in droves and are being replaced with low paid staff who steal from the office. The economy isn't that bad that qualified employees won't find jobs. Only the losers will stay because they know they can't find work elsewhere.