Notice of Guaranteed Delivery
for Tender of
Global Capital Securities, Series A
(Liquidation Amount $1,000 Per Capital Security)
of
HSB Capital I
Fully and Unconditionally Guaranteed by
HSB Group, Inc.
This Notice of Guaranteed Delivery, or one
substantially equivalent to this form, must be used to
accept the Exchange Offer (as defined below) if (i)
certificates for the Issuer Trust's (as defined below)
Global Floating Rate Capital Securities, Series A (the
"Original Capital Securities") are not immediately
available, (ii) Original Capital Securities, the Letter of
Transmittal and all other required documents cannot be
delivered to The First National Bank of Chicago (the
"Exchange Agent") on or prior to the Expiration Date (as
defined in the Prospectus referred to below) or (iii) the
procedures for delivery by book-entry transfer cannot be
completed on a timely basis. This Notice of Guaranteed
Delivery may be delivered by hand, overnight courier or
mail, or transmitted by facsimile transmission, to the
Exchange Agent. See "The Exchange Offer-Procedures for
Tendering Original Capital Securities" in the Prospectus. In
addition, in order to utilize the guaranteed delivery
procedure to tender Original Capital Securities pursuant to
the Exchange Offer, a completed, signed and dated Letter of
Transmittal relating to the Original Capital Securities (or
facsimile thereof) must also be received by the Exchange
Agent on or prior to the Expiration Date. Capitalized terms
not defined herein have the meanings assigned to them in the
Prospectus.
The Exchange Agent For The Exchange Offer Is:
The First National Bank of Chicago
By Mail:
(Registered or Certified Mail recommended)
The First National Bank of Chicago
c/o First Chicago Trust
Company of New York
14 Wall Street
8th Floor, Window 2
New York, New York 10005
Facsimile Transmissions:
(Eligible Institutions Only)
(212) 240-8938
To Confirm by Telephone or for Information Call:
(212) 240-8801
By Hand or Overnight Delivery:
The First National Bank of Chicago
c/o First Chicago Trust Company of New York
14 Wall Street
8th Floor, Window 2
New York, New York 10005
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN
ADDRESS OTHER THAN AS SET FORTH ABOVE OR TRANSMISSION OF
THIS NOTICE OF GUARANTEED DELIVERY VIA FACSIMILE TO A NUMBER
OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID
DELIVERY.
This Notice of Guaranteed Delivery is not to be used to
guarantee signatures. If a signature on a Letter of
Transmittal is required to be guaranteed by an "Eligible
Institution" under the instructions thereto, such signature
guarantee must appear in the applicable space provided in
the signature box on the Letter of Transmittal.
Ladies and Gentlemen:
The undersigned hereby tenders to HSB Capital I, a
Delaware business trust (the "Issuer Trust") and to HSB
Group, Inc., a Connecticut corporation (the "Company"), upon
the terms and subject to the conditions set forth in the
Prospectus dated _______, 1997 (as the same may be amended
or supplemented from time to time, the "Prospectus"), and
the related Letter of Transmittal (which together constitute
the "Exchange Offer"), receipt of which is hereby
acknowledged, the aggregate principal amount of Original
Capital Securities set forth below pursuant to the
guaranteed delivery procedures set forth in the Prospectus
under the caption "The Exchange Offer-Procedures for
Tendering Original Capital Securities."
Aggregate Liquidation Amount:
Name(s) of Registered Holder(s):
Amount Tendered: $(1)
Certificate No.(s) (if available):
(Total Liquidation Amount Represented by Original Capital Securities
Certificate(s)
$
If Original Capital Securities will be tendered by
book-entry transfer, provide the following information:
DTC Account Number:
Date:
PLEASE SIGN HERE
X
X
---------------------
(1) Must be in denominations of a Liquidation Amount of
$1,000 and any integral multiple thereof, and not
less than $100,000 aggregate Liquidation Amount.
All authority herein conferred or agreed to be
conferred shall survive the death or incapacity of
the undersigned and every obligation of the
undersigned hereunder shall be binding upon the
heirs, personal representatives, successors and
assigns of the undersigned.
Signature(s) of Owner(s)
or Authorized Signatory
Date:
Area Code and Telephone Number:
Must be signed by the holder(s) of the Original Capital
Securities as their name(s) appear(s) on certificates for
Original Capital Securities or on a security position
listing, or by person(s) authorized to become registered
holder(s) by endorsement and documents transmitted with this
Notice of Guaranteed Delivery. If signature is by a trustee,
executor, administrator, guardian, attorney-in-fact, officer
or other person acting in a fiduciary or representative
capacity, such person must set forth his or her full title
below. Please print name(s) and address(es)
(Name(s):
Capacity:
Address(es):
GUARANTEE
(Not To Be Used For Signature Guarantee)
The undersigned, a firm or other entity identified in
Rule 17Ad-15 under the Securities Exchange Act of 1934, as
amended, as an "eligible guarantor institution," including
(as such terms are defined therein): (i) a bank; (ii) a
broker, dealer, municipal securities broker, municipal
securities dealer, government securities broker or
government securities dealer; (iii) a credit union; (iv) a
national securities exchange, registered securities
association or clearing agency; or (v) a savings association
that is a participant in a Securities Transfer Association
recognized program (each of the foregoing being referred to
as an "Eligible Institution"), hereby guarantees to deliver
to the Exchange Agent, at one of its addresses set forth
above, either the Original Capital Securities tendered
hereby in proper form for transfer, or confirmation of the
book-entry transfer of such Original Capital Securities to
the Exchange Agent's account at The Depository Trust Company
("DTC"), pursuant to the procedures for book-entry transfer
set forth in the Prospectus, in either case together with
one or more properly completed and duly executed Letter(s)
of Transmittal (or facsimile thereof) and any other required
documents within three business days after the date of
execution of this Notice of Guaranteed Delivery.
The undersigned acknowledges that it must deliver the
Letter(s) of Transmittal and the Original Capital Securities
tendered hereby to the Exchange Agent within the time period
set forth above and that failure to do so could result in a
financial loss to the undersigned.
(Please Type or Print)
Name of Firm:
Address:
Zip Code:
Area Code and Telephone No. :
Authorized Signature:
Title:
Dated:
NOTE: DO NOT SEND CERTIFICATES FOR ORIGINAL CAPITAL
SECURITIES WITH THIS FORM. CERTIFICATES FOR
ORIGINAL CAPITAL SECURITIES SHOULD ONLY BE SENT
WITH YOUR LETTER OF TRANSMITTAL.