OneBeacon Reviews

Updated August 29, 2015
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3.2
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OneBeacon President, CEO, and Director Mike Miller
Mike Miller
13 Ratings

32 Employee Reviews

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  1. Good company - great people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at OneBeacon full-time (More than 10 years)

    Pros

    Very challenging environment (in a good way) these past few years as the company fulfilled its mission to be a specilaty insurance company.

    Cons

    As the company changed its focus, jobs were effected. Numerous RIFs over the years resulting in a major loss of historical knowledge and experience.

    Advice to Management

    Be a bit more appreciative of those "little people' who got the organization to where it is today.


  2. Not a job for long-term

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I have been working at OneBeacon full-time

    Pros

    Flexible working schedule Remote/work from home options

    Cons

    Top heavy and lot's of office politics. Also health benefits keep changing to the absolute lowest cost provider.

    Advice to Management

    Modernize. Adapt faster. Provide tech making it possible to perform duties efficiently. Current technologies are antiquated, and there is little dynamicism.


  3. Long term look back

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at OneBeacon (More than 10 years)

    Pros

    on the business side a well run, conservative insurance company. CEO is a "my way or the highway" guy but is capable and decisive. Makes money.

    Cons

    Famous for lavish spending on executive pay and perks but complaining about expenses and cutting staff. Moves in and out of new businesses so be careful if you're tied to a new business entity. Also health benefits keep changing to the absolute lowest cost provider. Relocated from Northeast to Midwest so maybe the culture will improve.

    Advice to Management

    diversify your management! too many decisions impacting the little people are made in the false reality of rich white guys. Look at the companies that get high ratings from their employees to understand what you have to change.


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  5. Great coworkers but company lacking leadership.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriting Specialist in Farmington, CT
    Current Employee - Underwriting Specialist in Farmington, CT
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at OneBeacon full-time (More than 3 years)

    Pros

    The people are great. The employees get free gym access. Management likes that employees use the gym even during lunch time. The products that are offered are solid.

    Cons

    The leadership is lacking. It is top heavy (think inverted pyramid). The company recently lost its President and the environment has had a nervous energy going through it ever since. The company has staffing problems. Employees are expected to perform additional work without recognition. There is a lack of training which handicaps anyone who wants to grow. The company structure has to be rethought as it currently goes against common sense. The structure leads to redundancies especially on the Operations side of the business. The technology used is outdated and its a major factor in inefficient use of work time.

    Advice to Management

    There are fantastic and skilled people who work here. Make sure they are acknowledged properly and pay them accordingly. Institute a training program so that your employees want to grow within the company. Provide your employees with good technology so that they can perform their duties more efficiently.


  6. Senior Claims Adjuster

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Claims Adjuster in Westwood, CA
    Former Employee - Senior Claims Adjuster in Westwood, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at OneBeacon full-time

    Pros

    Flexible working schedule, remote working from home, and great hardware.

    Cons

    Need a software upgrade and to expand of support staff.

    Advice to Management

    Great idea's, good concepts, loosen the purse strings on benefits, but all the vacation you want as long as you get your job done with no accumulation of vacation time. What if there's a layoff? A lot of people look at accumulated vacation as financial security.


  7. Great flexibility great package

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexibility pay benefits good free gym

    Cons

    Limited space to grow in Stallone offices

    Advice to Management

    Move back to boston


  8. Used to Be Great, Needs Development.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Development/Marketing
    Current Employee - Business Development/Marketing
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at OneBeacon full-time (More than a year)

    Pros

    Most of the employees have significant experience in insurance! Unlimited PTO with restrictions. Some flexible working arrangements if you're willing to tell your managers exactly where you are going and with whom. If you're lucky you will get a remote working agreement. Managers have great gigs, travel, all-expenses paid...etc.

    Cons

    Too much micromanagement. Managers are quick to proclaim "I don't micromanage" but are secretly tracking what time you enter and leave the office. They also will watch your internet/computer activity while you a logged on to the network. You will have to work weekends and jump when "managers" who lack management skills say jump. No room for personal growth and development as they often don't promote from within. You are here to sell the insurance products no matter your job function.

    Advice to Management

    Pay all of your employees a fair wage. Figure out your business strategy because not all of the business units are productive. Engage your employees to address the current turnover rates.


  9. Predictive Modeling Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

    Pros

    Professional manager, good location and diverse projects

    Cons

    Small team, temperary office and low salary


  10. Specialty company with calm, conservative financial outlook

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Direct Support Staff in Kansas City, KS
    Former Employee - Direct Support Staff in Kansas City, KS
    Neutral Outlook

    Pros

    Good bonus and ESOP bonuses, even in mediocre years. Ok to underwrite some crazy things.

    Cons

    Understaffed. Not spending enough on image control or relationships. Underperforming companies get axed. Are you next? Medical is only ok. hiring is too conservative. disorganized claims and understaffed centralized processes.

    Advice to Management

    Sometimes you have to spend money to make money. And to keep talent.


  11. Claims Adjuster

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Claims Adjuster in Woodbury, NJ
    Former Employee - Claims Adjuster in Woodbury, NJ
    Doesn't Recommend
    Negative Outlook

    I worked at OneBeacon full-time (More than a year)

    Pros

    Everybody knew what they were doing and were highly competent. I received a lot of useful experience. Managers were highly skilled and mostly supportive.

    Cons

    High stress, rigid, sometimes awkward environment. They used a lot of temps because the claims department was never adequately staffed. Lots of turnover and management would cut to keep the department bare bones. I once received over 10 slip/fall cases on a single day during winter season when we had a lot of snow/ice cases. Management was aware of the backlog and that we couldn't evaluate the rest of our cases properly, but the management reviews in the files and audits did not reflect the situation we were in as they still wanted 100% compliance even though that would have meant we'd have to stay late every day. I'm not one to complain, because any examiner knows that there are peaks and valleys in claims handling, but there was never a "slow period" at this company to catch up on because the department was never staffed enough and they'd simply let the temps go when they weren't needed. A claims job for a general liability company that requires thorough contact and policy analysis can't work if the examiner is always backed up and has to cringe every time the phone rings when someone wants to know the status of their cases and you can't simply tell claimants and insureds that I didn't get to their claim yet because "I'm busy."

    Advice to Management

    They cut my line about 6 mos after I left the company so who cares.



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