SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - July 23, 1998
HSB Group, Inc.
(Exact name of registrant as specified in its charter)
Connecticut 001-13135 06-1475343
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number Identification No.)
One State Street, Hartford, Connecticut 06102-5024
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code - (860-722-1866)
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Item 5. Other Events
On July 23, 1998, the Company issued a press release announcing the election of
a new director. Included herewith as Exhibit 99 is the Company's press release
related to this announcement and such information is incorporated herein by
reference.
Item 7. Exhibits.
99. The Company's press release dated July 23, 1998.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
HSB Group, Inc.
Dated: July 23, 1998 /s/ R. Kevin Price
R. Kevin Price
Senior Vice President and
Corporate Secretary
Exhibit 99
MEDIA CONTACT:
Dennis Milewski
(860) 722-5567
FOR IMMEDIATE RELEASE
HSB GROUP, INC. ELECTS NEW DIRECTOR
HARTFORD, Conn., July 23, 1998 -- HSB Group, Inc. announced today that Henrietta
Holsman Fore, chairman and chief executive officer of The Holsman Companies, was
elected a new director for a two-year term.
Fore became chairman and chief executive officer of The Holsman Companies in
1993. Holsman is an investment and management company engaging in international
joint ventures with U.S. corporations, manufacturing, real estate management and
development, and construction.
Fore is also president and chairman of the board of Stockton Products. Stockton
manufactures metal products for residential and commercial construction.
During the early 1990s, Fore held two presidential appointments as assistant
administrator at the U.S. Agency for International Development. She served as
assistant administrator for Private Enterprise and assistant administrator for
Asia where she directed a $1.1 billion annual foreign assistance program.
From 1990 to 1991, Fore served as founding chairman of the United States-Asia
Environmental Partnership, a coalition of American and Asian businesses,
government and community organizations that are focused on energy and
environmental needs in Asia.
Fore is a director of Dexter Corporation and a trustee of National Public Radio
Foundation. She is a senior associate with the Center for Strategic and
International Studies in Washington, D.C. and a Crown Fellow Mentor with the
Aspen Institute.
-more-
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HSB Group, Inc. (NYSE: HSB) is a global provider of insurance products and
engineering management consulting services. HSB Group is the parent company of
The Hartford Steam Boiler Inspection and Insurance Company, founded in 1866 to
provide loss prevention service and insurance to businesses, industries and
institutions. For more information about HSB, visit its web site at www.hsb.com.
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