BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

FM Global looking at Hartford Steam Boiler


JOHNSTON, R.I.—Factory Mutual Insurance Co., which does business as FM Global, may consider acquiring American International Group Inc.'s Hartford Steam Boiler Inspection & Insurance Co. unit.

"We're in a completely exploratory stage and just trying to gather facts at this point," said a spokesman for Johnston, R.I.-based FM Global.

"We've had some indirect contact" with AIG about a potential deal for Hartford Steam Boiler, FM Global Chief Financial Officer Jeffrey Burchill said in an interview with Bloomberg News. "We would take a look based on price and market share."

Hartford, Conn.-based HSB has been on the market for several weeks, as AIG has started selling off assets to repay a government loan. AIG has already hired Keefe, Bruyette & Woods to sell HSB (BI, Oct. 20).