HSB Launches New Brand Powered by Technology

2020/03/02

In The News

  • HSB has evolved and is accelerating innovation
  • New HSB brand recognizes digital value strategy
  • HSB uses IoT, data analytics to reinvent specialty insurance
  • HSB’s identity endorsed by parent Munich Re Group

New “Locomotive” Logo Reflects 154 years of Innovation

HSB announced its new logo today as the 154-year-old company founded as Hartford Steam Boiler launched a new brand to reflect its evolution as a specialty insurer and risk management partner that is driven by technology and fueled by innovation.

The company will be known simply as HSB, endorsed by its corporate parent, Munich Re.

The new autonomous HSB brand — a modernized version of HSB’s iconic “locomotive” — represents new opportunities and possibilities as HSB helps its clients harness the latest digital technologies and insurance products to reduce risk and increase value.

“HSB is unlocking new capabilities driven by the innovation potential of the Internet of Things, proprietary algorithms and data science,” said Greg Barats, HSB president and chief executive officer. “As we use data and analytics to expand products and services with digital tools, we generate new value as an innovation engine for our insurance and industrial partners.”

The new brand brings together HSB’s three largest businesses — Hartford Steam Boiler in the United States, the Boiler Inspection and Insurance Company of Canada (BI&I), and HSB Engineering Insurance in the United Kingdom — together under one banner.

“More than a name or logo change, the rebrand signals new capabilities for HSB in Canada, driven by technologies such as sensor systems and the Internet of Things to generate new value,” said John Mulvihill, president and chief executive officer of The Boiler Inspection and Insurance Company of Canada (HSB BI&I).

HSB combines technology with engineering, inspection and insurance expertise to help identify and solve new problems while facilitating new business models for customers in a changing risk environment.

In addition to equipment breakdown insurance, HSB is also a leading provider of cyber risk and other specialty liability coverages for business, home and farm.

Added value services include global inspections and engineering, and Internet of Things (IoT) technologies for business and industry.

HSB’s locomotive symbol dates to the founding of The Hartford Steam Boiler Inspection and Insurance Company in 1866, when business and industry was powered by steam and HSB pioneered the invention of equipment breakdown insurance and inspections to prevent loss.

HSB’s headquarters is located in Hartford, Conn.

Watch our video to learn more about HSB’s new brand.

For media inquiries please contact:
Silvana Martins
Silvana Martins
Media Relations
HSB BI&I
Mailing Address: 390 Bay Street Suite 2000 Toronto, ON M5H 2Y2
Phone
+1 (416) 216-7204
E-Mail
smartins@biico.com