OneBeacon Insurance Group Reviews | Glassdoor

OneBeacon Insurance Group Reviews

Updated October 24, 2016
43 reviews

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Full-time Part-time

2.5
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OneBeacon Insurance Group President, CEO, and Director Mike Miller
Mike Miller
16 Ratings

43 Employee Reviews

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  1. Helpful (3)

    "No one is safe in Farmington"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Tolland, CT
    Former Employee - Anonymous Employee in Tolland, CT
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Can be a nice place to work with great people decent pay and benefits. Farmington office has modern desks with the option to switch easily from sitting to standing.

    Cons

    Not much in the way of advancement opportunities unless you are in the clique of favorites. Very small bonuses unless you are in the upper echelon. CEO used to be great but sudden changes in values and culture caused many to jump ship and go to competitors. They continue to eliminate positions in all departments periodically without warning although they do provide a generous severance package.

    Advice to Management

    Be cognizant of employee morale if you want to keep valuable underwriters. Explore redeployment options before sentencing talented people to the chopping block.


  2. "Underwriting Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriting Assistant in Bristol, CT
    Current Employee - Underwriting Assistant in Bristol, CT
    Doesn't Recommend
    Neutral Outlook

    I have been working at OneBeacon Insurance Group (Less than a year)

    Pros

    I truly cant think of any.

    Cons

    Management proclaimed not to be in favor of gossip, however once started, realized the next level managers were the ringleaders, and if you stayed out of the gossip, you were quickly out of the "club".

    Advice to Management

    They went under new management, who fired the managers Im referring to so they may have cleaned it up by now.


  3. "Worst Mistake of My Life"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Master Underwriter in New York, NY
    Former Employee - Master Underwriter in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at OneBeacon Insurance Group full-time (Less than a year)

    Pros

    The president who hired me and the benefits package was good.

    Met some nice people that I'm still in contact with

    Cons

    * They fired the president who hired me within the 3 months I was with the company.
    * Poor management (if they ever showed up to the office)
    * No training programs/ mentoring
    * Unprofessional management

    Advice to Management

    Hopefully they hired good people. As the team I worked with all moved to another company at the same time. That's probably a blessing in disguise.


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  5. "Not A Place For Intelligent People - You Decide....."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Underwriter in Farmington, CT
    Former Employee - Senior Underwriter in Farmington, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    None to speak of - all the good employees and managers are gone....

    Cons

    Company is inconsistent, management that does not understand core business. Farmington people are drones. Previously marketing driven with no regard for underwriting integrity. Used to be a great place to work but now a sweat shop and full of newbies who don't understand the product lines. Brokers only do business with the company because they know they can dump garbage on the green underwriters.

    Advice to Management

    No comment. Not going to suffer the fools. Would give NO rating if possible.


  6. Helpful (1)

    "No training, expect you to figure everything out for yourself"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Canton, MA
    Former Employee - Anonymous Employee in Canton, MA
    Doesn't Recommend
    No opinion of CEO

    I worked at OneBeacon Insurance Group (Less than a year)

    Pros

    The company offers some nice perks, like unlimited vacation days (which have to be approved by your manager) and a casual dress code. Pay is decent, but not great or worth the stress.

    Cons

    The company has no training plan to get you comfortable once you start. I was thrown in and expected to figure everything out on my own. Communication with management was difficult, as my manager was constantly busy and had no time to meet and answer questions. The company promotes people to manager who were good at their jobs, but appear to give no management training. My manager was extremely condescending when I asked for help, and it felt like my manager was constantly looking to nitpick everything I did. Unlimited vacations days are only useful if your manager is willing to approve them (mine were held hostage a few times depending on how things went that week). There were more than a few of my co-workers who felt the same way. I regret ever having worked here and I am much happier after leaving.

    Advice to Management

    Train your employees. When promoting people to management, give them management training. Do not call meetings for the whole department to discuss some rumor you heard from someone outside of the company.


  7. "customer service"

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

    Pros

    nice benefits , office environment

    Cons

    pay was alittle low , no room from advancement


  8. Helpful (2)

    "No Direction"

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

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

    Pros

    Remote working possible
    Fair pay
    Flexible scheduling promotes work/life balance

    Cons

    Constantly changing direction "we're conservative underwriters" one quarter, "we're aggressive salesmen" the next.
    Job security is iffy.
    Management appears to be trying to load up the top line for a sale - less concerned with the loss ratio or claims down the line.

    Advice to Management

    Remember there are people behind the numbers. Set a course and try to stick to it for a little while to promote morale, effort and productivity.


  9. "Underwriting Position"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Undewriter
    Former Employee - Undewriter
    Doesn't Recommend
    Negative Outlook

    Pros

    None to speak of unfortunately - unable to provide any positive feedback as the company is no longer worth working for.

    Cons

    Used to be a great place to work until changes in senior management took place. Now a sweat shop. Underwriting talent, expertise and integrity which was previously the pride of the company no longer exists. If you want to work in a place that promotes poor morale, long hours of overtime, poor pay, nasty unappreciative managers and zero reward for your efforts - this is the place for you!

    Advice to Management

    Inconsistent management and poor communication across the organization. Talented underwriters no longer respected or able to do their jobs with integrity and autonomy with the new regime in place. Employees are treated like dumb worker bees and compensation only goes to the big bosses. Shame on you.


  10. "Many Left Turns"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in Canton, MA
    Former Employee - Financial Analyst in Canton, MA
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    well run, conservative company, manages its current businesses very well

    Cons

    has gone in and out of several markets where it had zero experience.

    Advice to Management

    grow what you know


  11. "Too big"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance in Rogers, MN
    Former Employee - Finance in Rogers, MN
    No opinion of CEO

    I worked at OneBeacon Insurance Group (More than a year)

    Pros

    Pay & Benefits were good but these also could be negatives. They were paying me way too much for my job. I was being paid to make copies and data enter 50% of my time.

    Cons

    Middle managers need training on how to handle sticky situations.



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