by A.M. Best Company
HSB Engineering Insurance has a financial strength rating of A++ (Superior) by A.M. Best Company.
The rating reflects our strong consolidated risk-adjusted capitalisation and strong specialist business profile. In addition, it recognises our strategic importance to The Hartford Steam Boiler Inspection and Insurance Company, a member of The Hartford Steam Boiler Group (HSB), as its principal source of geographical diversification.
HSB benefits from the group's synergies with Munich Reinsurance America, Inc. and its ultimate parent, Munich Reinsurance Company (Munich Re). Furthermore, HSB's already robust enterprise risk management (ERM) practices receive additional benefits from Munich Re's extensive ERM resources.
HSBEIL maintains a strong business position in the UK and Canadian markets as a specialist engineering insurer writing equipment property damage and business interruption insurance. The company benefits from its ownership of inspection and consultancy service provider, HSB Engineering Insurance Services Limited, which provides engineering inspection services to HSBEIL's clients.