HSB Upgraded
Following the completion of AIG’s acquisition of HSB Group Inc., the FSR on HSB Engineering Insurance Ltd. was upgraded from “AA” to “AAA” by Fitch. Also upgraded and removed from Rating Watch Positive was HSB Engineering’s capital securities rating, which rose from “BBB+” to “AAA.”
Concurrently, an “AAA” insurer FSR was assigned to Hartford Steam Boiler Inspection and Insurance Company. The rating outlook is stable.
Popular Today
- MGA Nexus Underwriting’s CEO Rouse Faces Internal Investigation for ‘Offensive’ Email
- State Farm Implements 27% Rate Increase for Illinois Homeowners
- US Tariffs Projected to Slow Global Economy and Insurance Premium Growth: Swiss Re
- New Book Proposes Four-Prong Legal Strategy to Negate Nuclear Verdicts