Greg M. Barats
Greg Barats is president and chief executive officer of HSB Group Inc., parent company of The Hartford Steam Boiler Inspection and Insurance Company with insurance and engineering affiliates worldwide. He assumed responsibility for this position in September 2011. He also serves on the Munich Re U.S. P&C Operations Executive Board, and on the boards of various HSB affiliated corporations.
In addition, Mr. Barats heads up Munich Re’s Global IoT business targeting commercial and industrial markets with new technology, risk solutions and business models. As part of his Munich Re IoT leadership role, he serves as chair of relayr, a global Industrial IoT technology company acquired by HSB in 2018 that delivers IoT business outcomes for mid-sized commercial and industrial firms.
He was appointed executive vice president of HSB engineering services in 2008 and assumed additional responsibilities for HSB’s inspection services, engineering risk management and insurance risk analysis operations in 2009.
Mr. Barats also is chair of HSB Solomon Associates, LLC, the leading performance improvement company for the global energy industry. He has held this position since 2002.
While at HSB, Mr. Barats has developed and holds seven U.S. business-method patents. He also founded Munich Re Ventures, Munich Re’s venture capital arm, which invests in and partners with innovative tech companies to develop growth opportunities for Munich Re businesses including HSB and ERGO.
During his 30 year career, Mr. Barats co-founded two companies and has held executive management positions within Munich Re, HSB and AIG. At AIG he was senior vice president and also served as chair of SAIGTAS, a Shanghai-based subsidiary of AIG that provides engineering consulting services to companies in China.
Prior to his tenure at AIG, Mr. Barats co-founded Applied Earth Technology Inc., a physical science research firm focused on the energy sector and Applied Environmental Technology Inc., specializing in environmental assessment and remediation in the San Francisco region. He began his career as a research scientist for the United States Geological Survey in Menlo Park, California.
Mr. Barats holds a bachelor’s of science degree in geology and a master’s degree in business administration with emphasis in finance from Southern Oregon University.
Mr. Barats serves on the board of trustees of the Connecticut Science Center.