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) - September 24, 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 File Number) Identification No.)
of incorporation)
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 September 24, 1998, the Company issued a press release announcing the
election of Gordon W. Kreh to the position of chairman of the board of directors
of the Company. 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 September 24, 1998.
<PAGE>
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: September 24, 1998 /s/ R. Kevin Price
R. Kevin Price
Senior Vice President
and Corporate Secretary
MEDIA CONTACT:
Dennis Milewski
Office: (860) 722-5567
FOR IMMEDIATE RELEASE
HSB GROUP, INC. ELECTS BOARD OF DIRECTORS CHAIRMAN
HARTFORD, Conn., September 24, 1998 -- HSB Group, Inc. announced today that
Gordon W. Kreh, president and chief executive officer of the company was elected
chairman of the board of directors.
Kreh has served on the company's board of directors since 1993. He was elected
president of The Hartford Steam Boiler Inspection and Insurance Company in 1993.
In 1994, he was elected chief executive officer. He joined the company in 1971.
In addition to his responsibilities on HSB's board, he is also a board member of
the American Insurance Association, a director of HSB Industrial Risk Insurers,
The Boiler Inspection and Insurance Company of Canada and HSB Engineering
Insurance Limited. Kreh also serves on the board of directors of Orion Capital
Corporation.
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 Group, Inc., visit its web site at
www.hsb.com.
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