Pluspunten
The benefits and pay are top tier. QBE really does try to paint an image of a top financial services firm. The 401(k) matching is top notch, the insurance benefits are outstanding, and even benefits for adoption, childcare, and eldercare. The work is also not too hard; it's easy to coast through because nobody really cares and is just trying to play the politics game and not get laid off.
Minpunten
New leadership every two years means a new direction every two years. The pendulum just swings back and forth about every eight years on everything from offshoring to onshoring, outsourcing to insourcing, hiring to firing, acquiring to divesting. Even the "core values" change every time a new exec brings in a new marketing firm or strategy consultant. Because of the wild swings in direction, about every four years, massive layoffs occurs when departments get reorganized. The company has gone from nearly 10K employees to about 2K (in the US) and has still been recently selling off entire divisions and business lines. It just isn't a stable place to work, and everybody has some form of PTSD from one or more of the waves of layoffs in the last several years. The stock price is now about what it was five years ago, and will probably fall even lower until QBE figures out what it needs to do and goes with it.