HSB Group, Inc.

Type: Subsidiary
On the web: http://www.hsb.com

While its company's names might seem quaint, HSB Group is fully modernized and up to speed. The holding company for The Hartford Steam Boiler Inspection and Insurance Company, HSB Group subsidiaries provide commercial insurance and engineering consulting services. The firm specializes in insurance against equipment breakdown with specific policies for boilers, pressure vessels, and other machinery. HSB Group augments its insurance business by offering engineering services to prevent equipment failure and providing risk management consulting. HSB Group has been acquired by German reinsurer Munich Re; it was formerly a subsidiary of troubled insurer American International Group (AIG).

Officers:
Chairman: Richard H. Booth
President and CEO: Douglas G. Elliot
Vice Chairman, CFO, and Treasurer: Saul L. Basch

Competitors:
FM Global
GNY Insurance Companies
Travelers Companies