Pros
Excellent health benefits, including free gym at Home Office and partial gym reimbursements at regional offices. Vacation time is extensive. I've experienced great commraderie with co-workers and the managment team. Ongoing education is encouraged and incentives include: tuition reimbursement, reimbursement and bonuses for insurance designations, and reimbursement for industry workshops and conferences.
Cons
Frequent re-organizations (including senior management positions, work "teams," and reassignments to different products and regions). While the frequency of these changes can be difficult and a bit frusturating, it does give the Underwriting team the opportunity to learn different products, regions, and work with different people. Salaries are a bit lower than industry standard, but benefits and educational opportunities make up the difference.