HSB, also known as The Hartford Steam Boiler Inspection and Insurance Company, is an American specialty insurer and reinsurer headquartered in Hartford, Connecticut. The company was founded in 1866 and has a long history of providing unique insurance solutions to businesses, industries, and institutions. Initially, HSB focused on providing insurance and inspection services for steam boilers, whose explosions were a common occurrence during the industrial revolution.

Over time, the company expanded its scope and began offering a wide range of commercial and specialty insurance products, including equipment breakdown, cyber risk, and energy insurance. HSB operates globally and has a strong presence in various international markets. It has formed strategic partnerships and collaborations with leading insurance companies worldwide, expanding its reach and enhancing its service capabilities.

Notably, HSB has subsidiaries such as HSB Canada, HSB Asia-Pacific, and HSB Engineering Insurance Limited in the United Kingdom, which cater to their respective regional markets. In terms of market position, HSB has established itself as a leader in specialty insurance and risk management. It has built a reputation for its expertise in underwriting complex risks and providing innovative solutions tailored to clients' specific needs.

The company's global sales have witnessed steady growth, reflecting its strong performance in the insurance market. HSB has achieved significant milestones and made notable changes to its strategy and product lineup over the years. In 2009, the company launched its CyberOne coverage, becoming one of the early insurers to address cyber risks.

This move demonstrated HSB's ability to identify emerging risks and offer relevant insurance solutions. As for its current status, HSB continues to thrive in the insurance industry. The company has adapted to the evolving risks faced by businesses and individuals, expanding its offerings to include specialty coverages like IoT (Internet of Things) and renewable energy.

HSB remains committed to providing comprehensive insurance protection and risk management services globally, ensuring its clients are well protected in an ever-changing world. Overall, HSB's long-standing history, strong market position, and continuous innovation have solidified its reputation as a trusted insurance provider, enabling its clients to navigate various risks with confidence