Beacon News

President's Message, October 2025

Happy Fall! Here in the Northeast, the weather has cooled off with temperature in the 50s on most days. As much as I enjoy the summer, I’ve always liked the energy that comes with the cooler weather and the “back-to-school” season. And if you’re a sports fan like me, it doesn’t get much better: football tailgates, college and NFL games every weekend, MLB and WNBA playoffs, the World Series, and the kickoff of both the NBA and NHL seasons. Talking about "back to school," we have a short news item in this month's E-news about some of the "Beacon Kids" who graduated from High School in 2025 and have started university, including my son who is now a freshman at the University of Wisconsin–Madison. We're so proud of our kids and wish them a successful freshman year. I am also really proud of my daughter Jackie (age 24) who completed her first Chicago Marathon with a very fast time on October 12th (click below for full article)...

Beacon Staff Profile: Monica Xiao, Project Engineer

Monica Xiao is a Project Engineer working from Beacon's Medford, MA office. She joined Beacon full time in the summer of 2025. Previously, Monica worked as an Engineering Co-op / Project Engineering Intern at Beacon starting in 2023 (as part of Northeastern University's Co-op Program). With this program, students work in their chosen field for 6-8 months as part of their formal education. Monica's diligence, follow through, and attention to detail have made her a valuable member of our team. We caught up with Monica recently to learn more...

Construction Terms Demystified (Vol. 2): 55 More Essential Terms for Newcomers & Industry Stakeholders

By John Yeung, Vice President, Beacon Consulting Group, Inc. - Whether you’re new to the construction industry, a professional from a related field (surety claims, insurance, law, or finance), or an owner looking to better understand your project, this glossary breaks down 55 more of the most commonly used, and sometimes misunderstood, construction terms. From contracts to job‑site lingo, this is your go‑to cheat sheet. To see Beacon's previous list of common construction terms, please click here. To see our Volume 2 terms, click below...

Proud Dad Moment: Jackie O'Neill Conquers the Chicago Marathon

Over the years, my daughter Jackie and I have shared many fun running memories, from local 5Ks to community charity runs. It feels like just yesterday she was a little kid lacing up her running shoes for her first fun run beside me. Time has flown by. Jackie is now 23 and works as a nurse in Boston. While juggling a busy life and a challenging career, she has also managed to take her love of running to an entirely new level...

Staff News: Beacon's Team at 2025 Pearlman Conference, Highlights & Photos

Beacon’s President, Dennis O’Neill, had the honor of serving as one of three co-chairs of this year’s Pearlman Conference, held in Woodinville, Washington in September. This was the 31st Pearlman Conference, and once again, Beacon Consulting Group participated as a Sustaining Member of the Pearlman Association. In addition, Beacon Project Manager Myat Cyn was a featured panelist during the event. We caught up with Dennis and Myat to learn more about the Pearlman Association and what makes this event so unique and valuable for professionals working in the surety industry. Click below for the article and event photos...

College Days: Congratulations to "Beacon Kids" Starting Their College Careers as Freshmen in 2025

This year a number of Beacon team members have kids who are starting their freshman year in college. We just wanted to give a quick shout out and congratulations to all of these young men (and their proud parents). It's always exciting to see the next generation embark on their college careers. Below is a list of the Beacon team members, their freshman students, and what schools they are attending. Best of luck guys!
Rory (son of Beacon President Dennis O'Neill), Ben (son of Beacon Vice President James Bruno), Alex (son of Beacon's Staff Member Cheryl Cooke), Cristopher (son of Beacon Vice President John Yeung), Cameron (son of Beacon Staff Member Elizabeth Paquet). Click below for the full article and to see which schools the guys will be attending...

President's Message, August 2025

I hope you've had a wonderful summer. It’s hard to believe that Labor Day weekend is already here! This summer has been a busy one for everyone here at Beacon. We have taken on some incredible new projects in recent months that we’re truly excited about. We have also welcomed several talented new staff members in both our New York and Boston offices. We’re thrilled to see our team and our work continuing to grow. On a personal note, one of the highlights of my summer was traveling to Ireland in early July with my son Rory, who recently graduated high school and is now off to college. Along with other family members and friends, Rory and I participated in the 2025 Ring of Kerry Charity Cycle. It was an unforgettable experience...

Beacon Team Members & Friends Complete 2025 Ring of Kerry Charity Cycle in Southwest Ireland

Dennis O'Neill, along with his son Rory, brother John, Beacon VP Kieran O'Connor, and a number of other great friends and family members, completed the 105-mile Ring of Kerry Charity Cycle in early July. This was Dennis' second time participating in the iconic cycling event, having previously completed the ride in 2023, along with his daughter Jackie, his brother John, and a group of 30 other close friends and family. This year's event was a special one, as Rory O'Neill, a 2025 high school graduate (and the youngest of Dennis' children) is now leaving for his first year at college...

Eight Key Benefits of Beacon's Construction Loan Monitoring Services

By Michael Yeung, Surety & Construction Project Consultant
For more than two decades, Beacon Consulting Group, Inc. has been a trusted partner for banks and financial institutions in managing construction loan risk. Our Construction Loan Monitoring services provide lenders with peace of mind, helping ensure that loan proceeds are disbursed appropriately, projects remain on schedule, and potential issues are identified early. Because our team is highly experienced in contract and document review, on-site verification, project communications, and ongoing monitoring, Beacon helps safeguard our clients' investments from project groundbreaking through completion...

Dennis O'Neill to Co-Chair 2025 Pearlman Conference, Sept 3-5 (Woodinville, WA)

Beacon Consulting Group's President, Dennis O'Neill, is co-chairing the 2025 Pearlman Conference next week (Sept 3-5), along with Jennifer Fiore (Dunlap Fiore LLC) & Shauna Szczechowicz (Philadelphia Insurance Companies). This is the 31st Annual Pearlman Conference, a leading industry event for professionals working in the Surety and Surety Claims sector. Beacon Consulting Group, Inc. is proud to be a sustaining member of The Pearlman Association again this year...