AIG To Buy Hartford Steam Boiler - AP News

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  • Update: AIG to Buy HSB Group for $1.2 Billion in Stock

    Aug 18, 2000 · AIG, meanwhile, should benefit from the addition of HSB's specialty insurance services. The Hartford, Conn.-based company is the parent company of the nearly 135-year-old Hartford Steam Boiler Get Price

  • AIG (American International Group, Inc.)

    Jan 24, 2002 · The news means AIG shares suffer the worst one-day decline in two decades, falling 12 percent to $44.74. [Bloomberg, 9/16/2008] Entity Tags: Hartford Steam Boiler, for $742 million. However, this is about a third less than it paid for the unit eight years ago. After the government's fourth rescue of American International Group Inc Get Price

  • 10 leading partnerships driving IoT adoption in insurance

    Hartford Steam and Boiler (HSB) – which has been established 150 years and which specializes in insurance for dry cleaners, power generators and refineries — has established some strong partners in the IoT ecosystem. These include its venture capital group Munich RE/Hartford Steam Boiler Ventures, which invested in smart industrial sensor Get Price

  • Analysts Say AIG's Sale of HSB Shows Tough Going

    Dec 22, 2008 · AIG had paid $1.2 billion for HSB in 2000. The deal, under which Munich Re will acquire Hartford Steam Boiler Inspection & Insurance Co., is expected to be complete in the first quarter of 2009. In addition to paying $742 million in cash, the Munich, Germany-based reinsurer and insurer will assume $76 million of HSB Group debt.Get Price

  • HSB Adds Social Media Income Coverage to its Home Cyber

    Sep 20, 2021 · Hartford Steam Boiler (HSB) HSB, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages.Get Price

  • Gregory M. Barats, President & Chief Executive Officer at

    The Hartford Steam Boiler Inspection & Insurance Co. provides insurance services. It offers inspection and engineering services to business and industry. The company was founded on June 30, 1866 and is headquartered in Hartford, CT.Get Price

  • Munich Re Agrees To Buy Hartford Steam Boiler Inspection

    Dec 22, 2008 · The Hartford Courant, Conn. Dec. 22--Munich Re has agreed to buy the Hartford Steam Boiler Inspection and Insurance Co. from AIG for $742 million in cash, the German reinsurance company said on Get Price

  • The Hartford Steam Boiler news - Reinsurance News

    10th June 2020 Munich Re member firm The Hartford Steam Boiler (HSB) has backed a new warranty offering by AI-based machine health solution provider Augury, which aims to minimise financial risk from industrial machine failures.Get Price

  • North America Archives - The Digital Insurer

    In Q2 2017, AIG's Valic, its digital services unit reached US$99.2bn from US$95.2bn in assets under management at the start of the year. Chubb Partners With Hartford Steam Boiler to Deploy Innovative Internet of Things Sensors in Homes and Businesses. North America, and Asia-Pacific. ActZero partners with Measured Analytics and Get Price

  • AIG sells subsidiary HSB to Munich Re - Dec. 22, 2008

    Dec 22, 2008 · New York-based AIG (AIG, Fortune 500) said Munich Re, a German reinsurer, will buy AIG subsidiary HSB Group Inc., parent of The Hartford Steam Boiler Inspection, an …Get Price

  • Munich Re to Buy Hartford Steam Boiler from AIG for $747

    Dec 22, 2008 · December 22, 2008 Article 9 Comments Munich Re has agreed to acquire specialty insurer Hartford Steam Boiler (HSB) Group from American International Group for €531 million ($747.34 million – $742Get Price

  • AIG Sells Hartford Steam Boiler for $742 Million - WSJ

    Dec 23, 2008 · Text Germany's Munich Re AG MURGY 1.11% said Monday it bought American International Group Inc.'s AIG 2.35% Hartford Steam Boiler unit for $742 million. Munich Re said the acquisition, which itGet Price

  • Hartford Steam Boiler Inspection Insurance Company

    Reinsurer Munich Re AG on December 22, 2008 said it would pay $742 million to buy Hartford Steam Boiler from its embattled parent company, American International Group Inc. Munich Re said in a statement that it planned to complete its purchase in the first quarter of 2009.Get Price

  • AM Best Affirms Credit Ratings of The Hartford Steam

    Aug 06, 2021 · OLDWICK, N.J., August 06, 2021--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa+" (Superior) of the members of The Hartford Steam Boiler Group (HSB). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies.)Get Price

  • Munich Re Buys AIG's Hartford Steam Boiler Unit

    AIG's CEO Edward Liddy is dismantling what was once the world's biggest insurer to repay loans tied to the company's $152.5 billion government rescue. AIG has also put its airplane-leasing subsidiary and global life insurance businesses up for sale. The New York-based insurer bought Hartford Steam Boiler for $1.2 billion in stock in 2000.Get Price

  • Munich RE to buy AIG's HSB unit - The Economic Times

    Dec 22, 2008 · BERLIN: Reinsurer Munich Re AG on Monday said it would pay $742 million to buy Hartford Steam Boiler from its embattled parent company, American International Group Inc. The purchase price is considered well below HSB's value - estimated at between $1 billion and $2 billion by the Financial Times - as AIG is forced to sell off units to pay back Get Price

  • AIG Stock Is Still Cheap and Worth a Look | The Motley Fool

    Nov 04, 2013 · The company sold Hartford Steam Boiler in 2008, AIG Life Insurance of Canada and Transatlantic Holdings in 2009, and ALICO for $16.2 billion in 2010. Most recently, AIG has sold most of its Asian Get Price

  • Verisk Analytics - 474 Employees - US Staff

    Experience AIG November 2014 September 1994 Self Employed January 1993 - January 1994 Hartford Steam Boiler Inspection and Insurance Company August Blogging, Crisis Communications, Copywriting, Internal Communications, Web Content, Copy Editing, Content Development, News Writing, AP Style, Content Strategy, Social Get Price

  • Home | HSB - Hartford Steam Boiler Inspection and

    HSB sets the standard in equipment breakdown and specialty insurance and reinsurance coverages.Get Price

  • AIG Sells Hartford Steam Boiler for $742 Million - …

    Dec 23, 2008 · CHARLOTTE, N.C. (AP) - American International Group Inc. said Monday that it will sell its Hartford Steam Boiler unit to German reinsurer Munich Re for $742 million as the embattled New York-based Get Price

  • HSB Cyber Survey Finds Connected Car Tech Makes - AP NEWS

    Apr 07, 2021 · Hartford Steam Boiler (HSB) HSB, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages.Get Price

  • Munich RE to buy AIG's HSB unit - The Economic Times

    Dec 22, 2008 · BERLIN: Reinsurer Munich Re AG on Monday said it would pay $742 million to buy Hartford Steam Boiler from its embattled parent company, American International Group Inc.Get Price

  • AIG Confirms to Sell Hartford Steam Boiler - TheStreet

    Dec 22, 2008 · ( AIG) - Get American International Group, Inc. Report confirmed Monday an agreement to sell its HSB Group subsidiary, the parent of Hartford Steam Boiler, to German reinsurer Munich Re for $742Get Price

  • Hartford Steam Boiler (part of AIG) - Business & Human

    Latest News; Companies; Big Issues. Explore the big challenges, opportunities, debates and frameworks for business and human rights. This section contains a selection of key portals curated by our global team. Featured pages. COVID-19 Corporate Legal Accountability Human Rights Defenders & Civic Freedoms Get Price

  • AIG buys Hartford Steam - Business News

    Aug 18, 2000 · The agreement calls for AIG to issue common stock equivalent to $41 per share for each share of HSB, the parent company of Hartford Steam Boiler Inspection and Insurance Co. Based on HSB's closing Get Price

  • Munich Re Buys AIG's Hartford Steam Boiler Unit

    AIG has also put its airplane-leasing subsidiary and global life insurance businesses up for sale. The New York-based insurer bought Hartford Steam Boiler for $1.2 billion in stock in 2000. Munich Re said the takeover will help it to expand in the U.S. and add to earnings next year.Get Price

  • Munich Re buys AIG's Hartford Steam Boiler for $742m

    Dec 22, 2008 · Munich Re is to buy Hartford Steam Boiler, a specialist in engineering risks, from troubled insurer AIG for $742m (£500m) in cash – $458m …Get Price

  • What Is Cyber Insurance? – Nationwide

    Nationwide, together with Hartford Steam Boiler (HSB), offers cyber security coverages and services to small business owners. We offer three cyber insurance coverages and services: Data compromise protection, which includes credit monitoring and services provided by a …Get Price

  • AM Best Affirms Credit Ratings of The Hartford Steam

    Aug 06, 2021 · AM Best Affirms Credit Ratings of The Hartford Steam Boiler Group's Members. OLDWICK, N.J., August 06, 2021 -- ( BUSINESS WIRE )-- AM Best has affirmed the Financial Strength Rating (FSR) of A++ Get Price

  • AIG to list AIA in Hong Kong; suitors circle for other

    Jan 05, 2009 · Meanwhile, on 22 December, AIG and Munich Re agreed a deal that will see the German reinsurer buy Hartford Steam Boiler Group (HSB) for $742mn in cash in the first significant insurance deal as Get Price

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