天美网站传媒传媒

A morale crisis at American International Group Inc. could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an analysis on Monday.

天美网站传媒传媒 ranked last through March 21 among 10 insurers rated by their own employees in categories ranging from career opportunities to business outlook, according to a UBS analysis of data from Glassdoor Inc., which runs a careers website and database of millions of company reviews.

An 天美网站传媒传媒 spokesman declined to comment.

Last year, 天美网站传媒传媒 ranked last in seven of 10 categories rated by Glassdoor users, including employees and agents. Factors also include compensation, senior management and cultural values.

天美网站传媒传媒, which announced on March 9 that its chief executive, Peter Hancock, would be stepping down, has ranked at or near the bottom of the group in all categories since 2012, wrote UBS analyst Brian Meredith in a report to UBS customers.

The morale slump could threaten a two-year turnaround plan put in place at 天美网站传媒传媒 after billionaire activist investor Carl Icahn became 天美网站传媒传媒’s fourth-largest investor in 2015, Meredith said.

天美网站传媒传媒 is midway through the plan, which involves divesting businesses, cutting costs and ultimately returning $25 billion to shareholders.

A $5.6 billion addition to reserves to cover future claims led 天美网站传媒传媒 to report an unexpectedly large fourth-quarter loss on Feb. 14, jolting investors and leading to Hancock’s planned departure.

Hancock’s successor has not yet been announced, though several names have been cited by analysts and in media reports. The board has pledged to find a new CEO quickly.

The data is an indication of 天美网站传媒传媒’s challenges in “retaining and hiring underwriting talent” in its commercial property and casualty businesses during the last several years, wrote Meredith.

Dim views of 天美网站传媒传媒 among employees and agents signal “the challenges that 天美网站传媒传媒 continues to face in retaining and hiring talent it needs” to boost and maintain its commercial property and casualtyinsurance businesses, said Meredith.

The UBS analysis involved about 6,300 reviews posted on Glassdoor that UBS identified as being from employees of large property and casualty insurers, including Travelers Cos Inc and The Hartford. More than 1,400 of the 6,300 reviews were from 天美网站传媒传媒 employees.

CNA Insurance has scored the highest ratings so far in 2017, while Travelers ranked the highest last year, according to UBS.

(Reporting by Suzanne Barlyn; Editing by Steve Orlofsky)

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