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HSB Facts

  • Hartford Steam Boiler (HSB), a member of Munich Re’s Risk Solutions family since 2009, is a leading engineering and technical risk insurer providing equipment breakdown insurance products, other specialty coverages, related inspection services and engineering consulting.
  • Hartford Steam Boiler was founded in 1866 and is headquartered in Hartford Connecticut, U.S.A..
  • HSB's difference is grounded in extensive technical knowledge with over 50 percent of its staff engineers, inspectors and technical personnel around the globe.
  • We leverage our knowledge to anticipate future risks and develop a range of specialized solutions that enable our clients to build deeper and more profitable customer relationships.
  • HSB's is a global company whose international insurance operations are HSB Engineering Insurance Limited (HSB Engineering Insurance) based in the U.K. and The Boiler Inspection and Insurance Company of Canada (HSB BI&I).
  • HSB is rated A++ (Superior) by A.M. Best Company in financial size category X (ten).
  • HSB services over five million insured locations in the U.S.
  • HSB distributes equipment breakdown insurance and other specialty coverages through property–casualty insurers, insurance agents, brokers and managing general agents.
  • HSB has reinsurance relationships with more than 200 property-casualty insurance companies.
  • Through these reinsurance relationships, HSB provides specialty coverages and loss prevention services that become value added components of other insurers' commercial and personal lines insurance products.
  • Loss prevention plays an important role in HSB's underwriting performance and helps the company deliver excellent returns on capital.
  • HSB conducts more than 1.5 million on-site inspections of equipment and property-casualty risks worldwide each year.
  • HSB is the largest authorized inspection agency accredited by the American Society of Mechanical Engineers (ASME).
  • HSB owns one of the world’s largest technical databases on equipment failures and causes.

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