Ratings of credit for members of The Hartford Steam Boiler Group maintained by AM Best
In the ever-evolving insurance landscape, The Hartford Steam Boiler Group (HSB) has managed to maintain a strong financial health[1]. This is evident in its superior ratings from AM Best, a leading global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry [2].
HSB's financial strength rating has been affirmed as A++ (Superior) by AM Best, signifying a robust ability to meet ongoing insurance obligations [3]. The Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa+" (Superior) for HSB have also been affirmed, further emphasizing its financial strength and stability [4].
The reasons for HSB’s strong ratings by AM Best include solid risk management and underwriting performance, a diversified insurance portfolio, parent company support, strong operational and capital management, and industry recognition [5]. HSB benefits from disciplined underwriting strategies that maintain favorable combined ratios, limiting loss exposure. Its niche markets with stable demand, affiliation with American International Group (AIG), consistent profitability, and strict capital discipline all contribute to its resilience even amid market uncertainties [5].
HSB's five-year average combined ratio of 84.8% significantly outperforms the commercial property composite over the same period, underscoring its profitability [6]. The company manages its cyber risk accumulation through a combination of carefully tailored policy forms, cyber risk management services, a targeted risk selection strategy, a sound risk management framework, and strong reinsurance protection [7].
The ratings affirmed by AM Best apply to the following members of The Hartford Steam Boiler Group: The Hartford Steam Boiler Inspection and Insurance Company, The Boiler Inspection and Insurance Company of Canada, HSB Specialty Insurance Company, and HSB Engineering Insurance Limited [8]. The contacts provided for inquiries related to these ratings are for AM Best's Directors and Public Relations team, including Christopher Sharkey, Steven M. Chirico, Gregory Dickerson, and Al Slavin [1][3][4][9].
The press release about The Hartford Steam Boiler Group's ratings was issued by Business Wire, a press release distribution service, not an insurance company or a rating agency [10]. HSB's growth is across several business lines, with cyber products seeing the strongest growth for the past several years [1]. The stable outlook for the ratings of The Hartford Steam Boiler Group (HSB) has been maintained by AM Best, indicating a positive future for the company [4].
[1] As of mid-2025, The Hartford Steam Boiler Group (HSB) maintains strong financial health supported by its superior ratings from AM Best, reflecting excellent financial strength and stability. [2] AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. [3] Christopher Sharkey is an Associate Director, Public Relations at AM Best, and his contact information is: Phone - 1 908 882 2310, Email - [email protected] [4] The Hartford Steam Boiler Group’s A+ rating is driven by its strong capital adequacy, consistent risk management, profitable underwriting, and supportive corporate relationships, sustaining its financial soundness in 2025. [5] The reasons for HSB’s strong ratings by AM Best include solid risk management and underwriting performance, a diversified insurance portfolio, parent company support, strong operational and capital management, and industry recognition. [6] HSB's five-year average combined ratio of 84.8% significantly outperforms the commercial property composite over the same period. [7] HSB manages its cyber risk accumulation through a combination of carefully tailored policy forms, cyber risk management services, a targeted risk selection strategy, a sound risk management framework, and strong reinsurance protection. [8] The following members of The Hartford Steam Boiler Group have had their ratings affirmed: The Hartford Steam Boiler Inspection and Insurance Company, The Boiler Inspection and Insurance Company of Canada, HSB Specialty Insurance Company, HSB Engineering Insurance Limited. [9] The contacts provided are for AM Best's Directors and Public Relations team: Steven M. Chirico, Gregory Dickerson, Al Slavin, and Christopher Sharkey. [10] Business Wire is a press release distribution service, not an insurance company or a rating agency.
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