The Boiler Inspection and Insurance Company of Canada (HSB BI&I) celebrates 140 years

The Boiler Inspection and Insurance Company of Canada (HSB BI&I), today celebrates 140 years as Canada’s leading equipment breakdown insurer

Founded in 1875 as The Canadian Steam Users Insurance Association, the corporation purchased the Canadian business of Hartford Steam Boiler Inspection and Insurance Company (HSB) for $970.

In 1882, its name was changed to The Boiler Inspection and Insurance Company of Canada (BI&I) to more closely reflect the purpose and operations of the company. In 1907, BI&I merged with HSB, and in 2009 it became part of Munich Re, one of the world’s leading reinsurers.

“HSB BI&I is proud of its deep historical roots, and as we move into the future, our eyes remain focused on providing our customers with smart solutions for emerging equipment exposures,” said John Mulvihill, president and chief executive officer.

With its core business grounded in equipment breakdown risk, HSB BI&I boasts Canada’s largest in-house inspection force and access to the world’s most extensive database of equipment failures. With boiler and machinery coverage as its cornerstone, the company continues to expand product offerings in response to emerging risks. In recent years, it launched home systems protection, data compromise and cyber risk coverage.

 

For further questions please contact:

• Media Relations 
• HSB BI&I 
• Silvana Martins
• Tel.: (416) 216-7204

 

• Media Relations 
• Munich Reinsurance America 
• Terese Rosenthal
• Tel.: (609) 243-4339

 

https://www.biico.com/

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