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Home > Company Index > Insurance > Surety, Title & Miscellaneous Insurance > HSB Group, Inc.

HSB Group, Inc.
 PROFILE
HSB Group is the holding company for The Hartford Steam Boiler Inspection and Insurance Company, founded in 1866, which writes commercial insurance and provides engineering consulting services. The firm specializes in insurance against equipment breakdown; policies cover boilers, pressure vessels, and other machinery. HSB Group augments its insurance business by offering engineering services to prevent equipment failure; it also provides maintenance and management for property, factories, and equipment. HSB Group operates worldwide, but North American sales represent about 80% of revenues. American International Group owns HSB Group.

 COMPETITION
Nationwide (dossier)
The St. Paul Companies, Inc. (SPC)
Travelers Property Casualty Corp. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 606.20
1-Yr. Sales Growth: 4.7%
Employees: 2,471
Revenue per employee: $245,325.78

 KEY PEOPLE
• Richard H. Booth
    CEO
• Saul L. Basch
    CFO

 CONTACT INFO
1 State St.
Hartford, CT 06102
US
Phone: 860-722-1866
Fax: 860-722-5770
Online: Web Site

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