I was a consultant there, 2003-2008. - Poorly managed. Product line shrunk as chunks of the business were sold off in order to stay alive. (Line is personal lines such as homeowners, etc.) Typical insurance company where too many people stayed too long and were too comfortable. Many of the good people left, because they could (common story). Don't get me wrong, there were people who remained who worked hard but all too often no new ideas were presented by them or by management. In today's world if you stagnate you die - and so this is the story of One Beacon.
Insurance has for years been insulated. Downward pressure by out of control product prices mixed with some deregulation is now rocking this once insulated industry. Newcomers as well as established companies exploiting new technologies, processes and methodologies are setting a pace which companies such as One Beacon are incapable of matching. One Beacon's failure is wholey due to poor management - period!
I tried to changed things while I was there but it was like trying to teach a caveman about aerospace; management is conceptually incapable of understanding today's ways.
i really liked many of the people with whom i worked
stuck in the past and cannot get up