OneBeacon Insurance Group Reviews | Glassdoor

OneBeacon Insurance Group Reviews

Updated March 22, 2017
14 reviews

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3.0
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OneBeacon Insurance Group President, CEO, and Director Mike Miller
Mike Miller
2 Ratings

14 Employee Reviews

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  1. "Growing pains"

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

    I worked at OneBeacon Insurance Group full-time

    Pros

    Good people, benefits and work environment.

    Cons

    OBPI was looking to do things right, but loss ratios went sideways causing a restructuring.


  2. 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.


  3. "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


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  5. "Customer Srrvice"

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

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

    Pros

    Team oriented in that they do fun team building activities that help to promote a peaceful work environment. Upper management ready to listen when ideas present themselves

    Cons

    Understaffed, and over worked, not enough help when a job is on a deadline, needs to be more flexible with number of employees working at a particular function


  6. "Not a job for long-term"

    Star Star Star Star Star
    • 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 Insurance Group 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.


  7. "Used to Be Great, Needs Development."

    Star Star Star Star Star
    • 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 Insurance Group 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.


  8. "Specialty company with calm, conservative financial outlook"

    Star Star Star Star Star
    • 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.


  9. "Massive bureaucracy, little work"

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

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

    Pros

    Long deadlines, light work load, old code base. Not technologically demanding. Easy hours (bankers).

    Cons

    Basic wall cube farm, very little oversight, work can get boring. Office culture is that of any typical large insurance company. Hard to get any new work done, or change any existing systems. They are still using dBase, FoxPro, and SQL2000. Um, it's 2014, might be time to upgrade. Product team seems to be moving in 100 directions at once, which has the effect of leading the developers down a trail and then having to change course in the middle.

    Advice to Management

    Massive infrastructure and code upgrades needed. Talent is stale and there is massive technical debt as more complex projects are applied to the obsolete codebase. Root out and destroy the bureaucratic management and product team which is severely impacting quality of work.


  10. Helpful (1)

    "OB is OK"

    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
    Recommends

    I worked at OneBeacon Insurance Group full-time (More than 3 years)

    Pros

    The finance department has some pleasant people to work with. Management appears to care about helping you develop professionally and be healthy.

    Cons

    The company was going through a lot of changes when I worked there. The pay is low and since they went public they were doing everything possible to bring down their expense ratio, aka laying off a lot of people and taking away a lot of employee benefits. The finance department doesn't have much room for growth. It also had a very political feel to it.


  11. Helpful (1)

    "Decent place, too mired in old-school practices."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Network Support Engineer in Melville, NY
    Former Employee - Network Support Engineer in Melville, NY
    Doesn't Recommend

    Pros

    Great benefits package. Salary competitive.

    Cons

    Somewhat top-heavy. More managers than workers.

    Advice to Management

    Adapt faster with the industry.



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