HSB BI&I - Financial Ratings

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HSB BI&I Financial Ratings

A++ (Superior) Financial Strength Rating and aa+ (Superior) Issuer Credit Rating, by A.M. Best Co.

A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior), and the issuer credit rating (ICR) of "aa+" (Superior), of the members of The Hartford Steam Boiler Group (HSB) (Hartford, CT). As part of the Group, The Boiler Inspection and Insurance Company of Canada receives recognition for these ratings in Canada.

According to A.M. Best, the rating affirmations reflect the group's stand-alone strengths and the benefits derived from synergies with Munich Reinsurance America, Inc. and its ultimate parent, Munich Reinsurance Company (Munich Re). The Group’s relationship with Munich Re has provided access to new markets in continental Europe and refocused the U.S. business on HSB's core equipment breakdown coverage. Furthermore, its already robust enterprise risk management (ERM) practices receive additional benefits from Munich Re's extensive ERM resources.

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

Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For the latest rating, access www.ambest.com

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