A.M. Best Affirms Credit Ratings of The Hartford Steam Boiler Group’s Members
The ratings reflect HSB’s balance sheet strength, which
HSB’s superior level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), coupled with strong financial and operating leverage, as well as historical trend in strength of reserves collectively contribute to an overall balance sheet assessment of strongest by
The rating affirmations also reflect the group’s synergies with
HSB Group’s product expansion and enhancement efforts, beyond its core business line, include homeowners and farmowners equipment breakdown coverage; employment practices liability; insurance for renewable energy facilities; and identity recovery, data compromise and cyber liability coverages.
The FSR of A++ (Superior) and the Long-Term ICRs of “aa+” have been affirmed for the following members of
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The Hartford Steam Boiler Inspection and Insurance Company -
The Hartford Steam Boiler Inspection and Insurance Company of Connecticut -
The Boiler Inspection and Insurance Company ofCanada -
HSB Specialty Insurance Company -
HSB Engineering Insurance Limited
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Source:
A.M. Best Revises Outlooks to Positive for Members of Union Mutual of Vermont Companies
A.M. Best Affirms Credit Ratings of HSB Engineering Insurance Limited
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