A.M. Best Affirms Its Highest Rating for HSB Group.HARTFORD, Conn. -- A.M. Best Company has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. its highest financial strength rating, A++ (Superior), for the Hartford Steam Boiler boiler, device for generating steam. It consists of two principal parts: the furnace, which provides heat, usually by burning a fuel, and the boiler proper, a device in which the heat changes water into steam. Group (HSB (Hue Saturation Brightness) A color space that is similar to the way an artist mixes colors by adding black and white to pure pigments. The pigments are the hues (H), measured in a circle from 0 to 359 degrees (0=red, 60=yellow, 120=green, 180=cyan, 240=blue, ). A.M. Best's A++ (Superior) rating applies to The Hartford Steam Boiler Inspection and Insurance Company, HSB Engineering Insurance Limited of the United Kingdom, The Boiler Inspection and Insurance Company of Canada and The Hartford Steam Boiler Inspection and Insurance Company of Connecticut. In issuing its rating A.M. Best noted that HSB, "has met the criteria for A.M. Best's highest rating category on a stand-alone basis." A.M. Best also assigned a stable outlook for HSB ratings. "A.M. Best's rating Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. acknowledges HSB's financial performance, skill in underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. and servicing specialty insurance products and extensive loss control capabilities," said Richard H. Booth, president and chief executive officer of HSB. A.M. Best Company, the world's oldest and most authoritative insurance rating agency, assigns A++ (Superior) ratings to those companies that show a superior ability to meet their ongoing obligations to policyholders. Only two percent of the U.S. property-casualty insurance groups rated by A.M. Best currently hold the prestigious A++ (Superior) rating. A.M. Best's financial strength rating is an independent opinion, based on a comprehensive quantitative and qualitative evaluation, of a company's balance sheet strength, operating performance and business profile. The Hartford Steam Boiler Inspection and Insurance Company is a global specialty insurer and reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. . One of the world's leading equipment breakdown insurers, Hartford Steam Boiler helps clients reduce risk through a unique combination of specialty coverages, engineering-based risk management strategies and loss reduction services. For more information about Hartford Steam Boiler visit its website at www.hsb.com. |
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