September 12, 2011 by Canadian Underwriter
The Boiler Inspection and Insurance Company of Canada (BI&I), a subsidiary of Hartford Steam Boiler Group (HSB), is adopting the brand of its parent company, Munich Re.
HSB’s “iconic” locomotive symbol and name will be preserved and appear in the context of the Munich Re brand, a press release says.
“The dual brand combines the value of HSB Group’s leadership in equipment breakdown and technical risks with Munich Re’s reputation for forward thinking solutions,” the release says. “BI&I is adopting the dual brand and the acronym HSB BI&I.”
Tony Kuczinkski is Munich Re America’s CEO and chairman of HSB Group. “In 2009, we knew we had acquired the leader in equipment breakdown insurance and engineering services in HSB,” he said. “Over the past two years, we’ve shown that HSB supports Munich Re with skill sets, offerings and market positions that fit well together.
“Now we’re taking the next step by launching a new dual brand that highlights HSB’s position as a valued member of Munich Re, while maintaining the proud heritage of HSB.”