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.
All Commercial Insurance Lines Except One in ‘Soft-Market Territory’: WTW 
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot 
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
‘Massive Legal Siege’ Against Social Media Companies Looms From This Issue
