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 26, 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 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)







Item 5.  Other Events

Attached  as  Exhibits  99(i) and 99(ii) are  copies of the  Registrant's  press
releases which are incorporated herein by reference.

Item 7(c).  Exhibits.

99(i)  Press release dated January 26, 1998 announcing fourth quarter results.

99(ii) Press release dated January 26, 1998 announcing declaration of April 1998
       dividend.





























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     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 28, 1998               /s/  R. Kevin Price
                                            R. Kevin Price
                                            Senior Vice President and Corporate
                                            Secretary



























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                            EXHIBIT INDEX
                            -------------

Exhibit
- -------
99(i)  Press release dated January 26, 1998 announcing fourth quarter results.

99(ii) Press release dated January 26, 1998 announcing declaration of April 1998
       dividend.