HSB GROUP INC
8-K, 1999-01-26
FIRE, MARINE & CASUALTY INSURANCE
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                       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) - January 25, 1999

                                 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)




<PAGE>



Item 5.  Other Events

On January 25, 1999,  HSB Group,  Inc.  (the  "Company")  issued a press release
reporting its declaration of a dividend of 42 cents per share,  payable on April
29, 1999. 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. Press release dated January 25, 1999.



<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:  January 26, 1999                              /s/ R. Kevin Price
                                                      R. Kevin Price
                                                      Senior Vice President
                                                      and Corporate Secretary




                                                      Exhibit 99

                                                      CONTACT:
                                                      James C. Rowan Jr.
                                                      Office:  (860) 722-5180

FOR IMMEDIATE RELEASE

                        HSB GROUP, INC. DECLARES DIVIDEND

HARTFORD,  Conn.,  January 25, 1999 -- The Board of Directors of HSB Group, Inc.
(NYSE-HSB)  today declared a regular  quarterly  dividend of 42 cents per share.
The dividend will be payable on April 29, 1999, to shareholders of record at the
close of business  on April 9, 1999.  This marks the 129th  consecutive  year in
which Hartford Steam Boiler has paid a dividend,  one of the longest  records of
the New York Stock Exchange.

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