The Hartford Steam Boiler Inspection and Insurance Company (“HSB”), part of Munich Re, is celebrating its 150th anniversary.
“With 150 years of industry leadership, HSB sets the standard for excellence in specialty insurance as regards product and underwriting quality, inspection services, and claims management,” said Peter Röder, a board member of Munich Re, responsible for global clients and North America.
The company, founded on June 30, 1866, said that Hartford Steam Boiler took a scientific approach to the exposures of the day, combining engineering, inspection services, and insurance to combat the risk of boiler explosions, which occurred frequently and killed and injured thousands of people.
“The founders of HSB had the vision to combine accident prevention with insurance,” said Greg Barats, the president and chief executive officer of HSB Group. “I'm proud that we have not strayed from our original path. Today, HSB is a 150-year-old company with a startup culture. We are focused on evolving technologies, loss control, and inventing new insurance solutions for the future.”
HSB is an equipment breakdown insurer and a provider of engineering services and specialty insurance. HSB coverages include cyber risks, home systems and equipment, and renewable energy and energy efficiency performance.
Learn more: www.hsb.com.