Magazine date:
Feb 2009 The German reinsurer has purchased Hartford Steam Boiler (HSB), the subsidiary of the American giant AIG, for the sum of 742 million USD; a move which enables Munich Re to consolidate its position on the American market. Operating in the United States, Canada, Ireland and Great Britain, HSB is employing 2500 staff members and posting a net profit of 158 million USD in 2007.