Financial Strength Rating

The A.M. Best Company upgraded the financial strength rating of The Hartford Steam Boiler Group and its members (together known as HSB Group) to A+ (Superior) from A (Excellent) and its issuer credit ratings (ICR) to "aa-" from "a" on April 8, 2009.  All ratings have been removed from under review with positive implications and assigned a stable outlook.

In its press release, A.M. Best said, "The rating actions reflect HSB Group's superior level of risk-adjusted capitalization, consistent stable reserving history and continued excellent underwriting performance.  HSB Group remains a leading provider of equipment breakdown insurance and engineering, boiler and machinery inspection services.  HSB Group's ratings are positively impacted by the acquisition of its holding company, HSB Group, Inc., by its new parent, Munich Reinsurance Company (Munich Re) (Munich, Germany). The transaction received final regulatory approval and closed on March 31, 2009."

A.M. Best Company financial strength rating of A+ (Superior) applies to the following HSB member companies:

The Hartford Steam Boiler Inspection and Insurance Company
The Boiler Inspection and Insurance Company of Canada
The Hartford Steam Boiler Inspection and Insurance Company of Connecticut
HSB Engineering Insurance Limited

A.M. Best Company is the world’s oldest and most authoritative insurance rating agency.  A.M. Best ratings provide an important overall opinion of a company’s overall financial strength.   A.M. Best's financial strength rating is an independent opinion, based on a comprehensive quantitative and qualitative evaluation, of a company's balance sheet strength, operating performance and business profile.