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.
Was this article valuable?
Here are more articles you may enjoy.
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching 
Warburg Mulls $1 Billion Sale of London Insurance Broker McGill 
CEOs on Guard as Trump Rattles Companies With Series of Edicts 
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD From This Issue
