https://newsroom.fmglobal.co.uk/rss.xmlFM Global UK2024-03-26T10:54:11.421482+00:00python-feedgenFM Global Newsroom Feedhttps://resilienceforward.com/2024-fm-global-resilience-index-denmark-is-the-most-resilient-business-environment/2024 FM Global Resilience Index: Denmark is the most resilient business environment2024-03-26T10:54:11.484290+00:00unspecified<![CDATA[]]>Following the release of the 2024 FM Global Resilience Index, Bill Bradshaw, London Operations Manager, shares his insight on some of the most pressing concerns for UK businesses.2024-03-26T10:29:00+00:00https://newsroom.fmglobal.co.uk/releases/2024-fm-global-resilience-index-highlights-a-rapidly-evolving-risk-landscape2024 FM Global Resilience Index Highlights a Rapidly Evolving Risk Landscape2024-03-26T10:54:11.499084+00:00unspecified<![CDATA[<p><strong>LONDON, UK, 21<sup>st</sup> March, 2024</strong> – Commercial property insurer <a href="http://www.fmglobal.co.uk/">FM Global</a> today unveiled the 2024 FM Global Resilience Index with key updates to reflect the rapidly changing nature of risks faced by global businesses. The 2024 FM Global Resilience Index adds several new factors to its rankings, including education, inflation, internet usage, water stress, greenhouse gas emissions and climate change exposure.</p>
<div class="textImage textImage-right" style="float: right; width: 161px; margin: 10px 10px 10px; font-size: 90%; font-style: italic;"><img align="right" alt="RI Table 3" author="" class="widget-image" custom_size="false" data-imgheight="308" data-imgwidth="161" file_id="65fc07e43d633232b03719fc" height="308" src="https://s3.amazonaws.com/cms.ipressroom.com/315/files/20242/RI+Table+3.png" title="" width="161" /></div>
<p>The index’s 18 factors determine its annual ranking of 130 countries and territories by the resilience of their business environments. FM Global has steadily refined the interactive index over the past decade to encompass evolving concepts of business risk and resilience. The new measures reflect emerging factors and risks to ensure the index continues to support strategic considerations for global businesses as they make critical decisions such as site selection, supply chain design and loss prevention.</p>
<p>“Businesses need incisive information to thrive in today’s challenging and constantly changing environment,” said Chris Majka, staff vice president, data visualisation and reporting at FM Global. “With these new factors, the 2024 FM Global Resilience Index offers organisations important new insights as they make strategic decisions that could affect their operations and performance for years to come.”</p>
<p><strong>2024 FM Global</strong> <strong>Resilience Index rankings</strong></p>
<p>In the <a href="https://www.fmglobal.com/research-and-resources/tools-and-resources/resilienceindex">2024 FM Global Resilience Index</a>, <strong>Denmark</strong> preserved its title as the world’s most resilient business environment. Rounding out the top 10 most resilient business environments are <strong>Luxembourg</strong>, <strong>Singapore</strong>, <strong>Switzerland</strong>, <strong>Germany</strong>, <strong>Sweden</strong>, <strong>Finland</strong>, <strong>Norway</strong>, <strong>Belgium</strong> and the <strong>central United States</strong> (the United States is divided into three separately ranked regions).</p>
<p>Each country’s overall ranking is based on quantitative data in 18 resilience factors. Factors are sourced from a combination of respected third parties and FM Global’s vast engineering database, which draws upon data from FM Global property risk engineers who visit and assess more than 100,000 locations annually around the world.</p>
<p>This year’s index, which incorporates proprietary AI-enhanced risk modelling, includes twice as many resilience factors as the inaugural index in 2014. Users can drill into any factor to explore specific concerns, discovering data such as greenhouse gas reduction in Belgium and India, water conservation in Australia and political risk in Russia and Ukraine. A revamped interface streamlines factor-by-factor analysis.</p>
<p>The 2024 FM Global Resilience Index has been validated by real-world property-loss data. Countries ranked in the top 50 of the FM Global Resilience Index recover over 30% faster from property losses, on average, than locations in other countries.</p>
<p><strong>New resilience factors</strong></p>
<p>The 18 equally weighted resilience factors include:</p>
<div class="textImage textImage-left" style="float: left; width: 543px; margin: 10px 10px 10px; font-size: 90%; font-style: italic;"><img align="left" alt="Big RI table" author="" class="widget-image" custom_size="false" data-imgheight="350" data-imgwidth="543" file_id="65fc0d283d6332379b3719f6" height="350" src="https://s3.amazonaws.com/cms.ipressroom.com/315/files/20242/Big+RI+table.png" title="" width="543" /></div>
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<p>These factors collectively capture the resilience of a country’s business environment from a Macro perspective, such as political, economic and social risk, as well as from a Physical risk perspective. Physical factors affect a company’s property and tangible assets.</p>
<p>The index is part of FM Global’s effort of nearly 200 years to help protect clients’ businesses using world-class research, product testing and loss-prevention engineering.</p>
<p>Explore the 2024 FM Global Resilience Index:</p>
<ul>
<li><a href="https://fmglobalpublic.hartehanks.com/AssetDisplay?acc=11FM&itemCode=P17062" target="_blank" title="https://fmglobalpublic.hartehanks.com/assetdisplay?acc=11fm&itemcode=p17062">Executive Summary</a></li>
<li><a href="https://fmglobalpublic.hartehanks.com/AssetDisplay?acc=11FM&itemCode=P17095" target="_blank" title="https://fmglobalpublic.hartehanks.com/assetdisplay?acc=11fm&itemcode=p17095">Frequently Asked Questions</a></li>
<li><a href="https://fmglobalpublic.hartehanks.com/AssetDisplay?acc=11FM&itemCode=W00234" target="_blank" title="https://fmglobalpublic.hartehanks.com/assetdisplay?acc=11fm&itemcode=w00234">Methodology</a></li>
</ul>
<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
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]]>The 2024 FM Global Resilience Index adds several new factors to its rankings, including education, inflation, internet usage, water stress, greenhouse gas emissions and climate change exposure.2024-03-21T09:50:00+00:00https://www.insurancetimes.co.uk/interviews/bill-bradshaw-fm-global-able-to-take-a-really-long-term-view-of-risk-where-climate-is-concerned/1451390.articleBill Bradshaw: FM Global able to take ‘a really long-term view of risk’ where climate is concerned2024-03-26T10:54:11.775968+00:00unspecified<![CDATA[]]>With the impacts of climate change on the insurance sector growing, the industry is in need of some innovative thinking. Bill Bradshaw, FM Global's London Operations Manager, shares his insight on taking the long-term view on climate risk using risk mitigation data.2024-03-14T16:07:00+00:00https://newsroom.fmglobal.co.uk/releases/fm-global-financial-strength-rating-affirmed-a+-superior-by-am-bestFM Global Financial Strength Rating Affirmed A+ (Superior) by AM Best2024-03-26T10:54:11.793624+00:00unspecified<![CDATA[<p><strong>LONDON, UK, 14<sup>th</sup> February, 2024 </strong>– Commercial property insurer Factory Mutual Insurance Company (“<a href="https://www.fmglobal.co.uk/">FM Global</a>”) today announced that AM Best, a leading global credit rating agency, news publisher and data analytics provider specialising in the insurance industry, affirmed the company’s Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa” (Superior) with a stable outlook.</p>
<p>“The ratings reflect FM Global’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management,” according to <a href="https://news.ambest.com/newscontent.aspx?AltSrc=104&RefNum=255635">AM Best</a>.</p>
<p>AM Best also stated that “FM Global maintains the strongest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio” and a balance sheet with “proven long-term resilience against natural catastrophe losses.”</p>
<p>The 2024 AM Best ratings follow AA and A+ ratings <a href="https://newsroom.fmglobal.co.uk/releases/financial-strength-ratings-affirmed-by-fitch-aa-and-s-p-global-a+">announced in late 2023 by Fitch and S&P Global</a>, respectively, for FM Global.</p>
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<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
]]>AM Best affirmed FM Global's Financial Strength Rating of A+ (Superior) and Long-Term Issuer Credit Ratings of “aa” (Superior) with a stable outlook.2024-02-13T11:09:00+00:00https://newsroom.fmglobal.co.uk/releases/fm-global-announces-sponsorship-of-lpga-star-megan-khangFM Global Announces Sponsorship of LPGA Star Megan Khang2024-03-26T10:54:11.847635+00:00unspecified<![CDATA[<p><strong>LONDON, UK, 8<sup>th</sup> February, 2024 </strong>– Commercial property insurer <a href="http://www.fmglobal.co.uk/">FM Global</a> today announced it will sponsor top-ranked LPGA golfer and New England native Megan Khang for the 2024 and 2025 seasons.</p>
<p>The sponsorship follows last year’s announcement of the <a href="https://newsroom.fmglobal.co.uk/releases/tpc-boston-to-host-2024-fm-global-championship">FM Global Championship</a>, a newly created LPGA tournament scheduled to take place from 29<sup>th</sup> August to 1<sup>st</sup> September, 2024, at TPC Boston in Norton, Massachusetts. The tournament will offer the largest prize fund on the LPGA Tour outside of the majors and tour championship.</p>
<p>“I am thrilled to join the FM Global team. We share a belief in hard work, resilience and striving for excellence,” said Khang. “We both understand the importance of evaluating and reducing risk—and quickly rebounding from adversity—whether it’s a natural hazard threatening a business or community or a hazard on the golf course that could disrupt my game.”</p>
<p>Khang, 26, grew up in Rockland, Massachusetts, just 60 miles from FM Global’s Rhode Island headquarters. Since joining the LPGA Tour in 2016, Khang has secured 38 career top 10 finishes, earning international recognition. She achieved her first LPGA Tour victory at the 2023 CPKC Women’s Open in Canada. In January, she finished third in Florida’s LPGA Drive On Championship.</p>
<p>“We could not think of a better partner to help us bring women’s professional golf back to New England,” said Malcolm Roberts, president and chief executive officer of FM Global. “Megan brings a deep commitment to excellence and hard work both on and off the golf course, and we look forward to working together to raise awareness of our shared values and leverage our partnership to give back to our communities.”</p>
<p>As part of the sponsorship, Khang will display FM Global’s logo on her apparel and make various appearances with the company throughout the year. Khang is expected to compete at the 2024 FM Global Championship later this year.</p>
<p>The 2024 FM Global Championship marks the LPGA Tour’s return to New England for the first time since the 2004 U.S. Women’s Open, held at Orchards Golf Club in South Hadley, Massachusetts, and won by Meg Mallon. The last time the Tour competed in the greater Boston area was 1997, when Liselotte Neumann won the Welch’s Championship at Blue Hill Country Club in Canton.</p>
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<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
]]>FM Global will sponsor top-ranked LPGA golfer and New England native Megan Khang for the 2024 and 2025 seasons.2024-02-08T14:23:00+00:00https://resilienceforward.com/risk-and-reward-managing-the-rise-of-ai-in-industrial-automation/Risk and reward: managing the rise of AI in industrial automation2024-03-26T10:54:11.893367+00:00unspecified<![CDATA[]]>Industrial automation has seen strong growth, partly as a response to the need for resilience against recent supply chain disruption and pandemic-related workforce issues. FM Global's Dr Lou Gritzo explores the potential risks that such growth can bring with it, as the benefits of artificial intelligence in this area start to be realised.2024-02-06T00:00:00+00:00https://www.insurancebusinessmag.com/uk/news/breaking-news/why-insurers-and-businesses-need-to-work-closer-together-than-ever-before-475505.aspxWhy insurers and businesses need to work closer together than ever before2024-03-26T10:54:11.911159+00:00unspecified<![CDATA[]]>Bill Bradshaw, FM Global's London Operations Manager, shares the importance of collaboration between business and insurers when addressing the perma-crisis risk environment.2024-02-02T00:00:00+00:00https://www.strategic-risk-europe.com/supply-chain/case-study-how-sandvik-put-its-supply-chain-to-the-ultimate-test/1447541.articleCase study: How Sandvik put its supply chain to the ultimate test2024-03-26T10:54:11.928742+00:00unspecified<![CDATA[]]>Relying on links across 150 countries to produce a very specific, high-quality product, Swedish engineering firm Sandvik’s supply chain is more high risk than most. In this article these risks are explored by Kerry Balenthiran, operations vice president, group manager, business risk consulting (EMEA).2024-01-11T09:14:00+00:00https://newsroom.fmglobal.co.uk/releases/fm-global-names-laurel-rudnick-svp-division-manager-of-afm-its-middle-market-insurance-divisionFM Global Names Laurel Rudnick SVP, Division Manager of AFM, its Middle Market Insurance Division2024-03-26T10:54:11.946819+00:00unspecified<![CDATA[<div class="textImage textImage-left" style="float: left; width: 360px; margin: 10px 10px 10px; font-size: 90%; font-style: italic;"><img align="left" alt="Laurel Rudnick" author="" class="widget-image" custom_size="false" data-imgheight="360" data-imgwidth="360" file_id="656f2f3c3d63326131d6cda0" height="360" src="https://s3.amazonaws.com/cms.ipressroom.com/315/files/202311/656f2f3c3d63326131d6cda0_Laurel+Rudnick+Photo+2/Laurel+Rudnick+Photo+2_mid.jpg" title="" width="360" /></div>
<p><strong>LONDON, UK, 7<sup>th</sup> December, 2023 </strong>– Commercial property insurer <a href="http://www.fmglobal.com/">FM Global</a> has appointed Laurel Rudnick senior vice president, division manager for AFM, FM Global’s middle market insurance division. She will begin her new role on Jan. 1, 2024.</p>
<p>Rudnick most recently served as operations senior vice president, New York operations manager for FM Global. She joined FM Global in 2006 as a field engineer in Los Angeles operations and went on to hold a variety of roles, including account engineer, account manager, group manager account engineering and assistant client service manager. In 2018 she relocated to New York operations as client service manager and moved to her most recent role in 2021.</p>
<p>“Laurel has excelled at every step in her career at FM Global, and I am excited for her to take on a new global leadership role with AFM,” said Ziad Alex S. Tadmoury, who was recently appointed executive vice president, overseeing AFM and operations for EMEA, Asia Pacific, Canada and specialty industries. Rudnick succeeds Tadmoury as head of AFM. “With her extensive work in engineering, client service and operations, Laurel has the background and experience to help AFM continue to provide a superior experience to our broker partners and shared clients.”</p>
<p>Rudnick graduated from the University of California, Davis, with a bachelor's degree in mathematics, and California State University, Northridge, with a master’s degree in engineering management.</p>
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<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
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]]>Rudnick most recently served as operations senior vice president, New York operations manager for FM Global.2023-12-07T14:30:00+00:00https://newsroom.fmglobal.co.uk/releases/christine-kocot-mccoy-evp-and-general-counsel-at-ascension-elected-to-fm-global-board-of-directorsChristine Kocot McCoy, EVP and General Counsel at Ascension, Elected to FM Global Board of Directors2024-03-26T10:54:12.102705+00:00unspecified<![CDATA[<p><strong>LONDON, UK, Nov. 21, 2023</strong> – <a href="https://about.ascension.org/en/about-us/leadership/christine-kocot-mccoy">Christine Kocot McCoy</a>, JD, executive vice president and general counsel of <a href="https://about.ascension.org/">Ascension Health Alliance</a>, one of the nation’s leading nonprofit and Catholic health systems, has been elected to the board of directors of commercial property insurer <a href="http://www.fmglobal.com/">FM Global</a>. FM Global’s board comprises executives from some of the world’s most sophisticated manufacturing, distribution and service organisations.</p>
<p>McCoy is currently responsible for providing legal counsel to the Ascension organisation, board of directors and executive management team, and leading legal services for Ascension and its subsidiary organisations. She manages affiliation initiatives, supports business development activities and handles outside legal relationships on behalf of Ascension. Earlier, she served as senior vice president of legal services and deputy general counsel.</p>
<p>Before joining Ascension, McCoy was a partner with the law firm Armstrong Teasdale, LLP, focusing on medical malpractice and employment litigation, representing hospitals and physicians in malpractice matters in Missouri and Illinois state courts and federal courts. She also represented management in employment- and labour-related matters before federal and state courts and local agencies in Missouri, Illinois and Washington, D.C.</p>
<p>“Christine brings a wealth of legal and governance expertise to the FM Global board,” said FM Global Board Chairman Thomas A. Lawson. “We welcome Christine to the FM Global family and look forward to the contributions she will make through her knowledge, experience and perspective to the management of our company.”</p>
<p>Other members of FM Global’s board of directors are:</p>
<ul>
<li>Frank T. Connor, executive vice president and chief financial officer, Textron Inc.</li>
<li>Colin Day, chairman, Premier Foods, plc</li>
<li>Frank Dellaquila, retired chief financial officer, Emerson Electric Company</li>
<li>Michel Giannuzzi, chairman, Verallia SA</li>
<li>Glenn R. Landau, president and COO, Corrugated Supplies Company, LLC</li>
<li>Thomas A. Lawson, chairman, Factory Mutual Insurance Company</li>
<li>John A. Luke Jr., retired chairman, WestRock Company</li>
<li>Gracia C. Martore, retired president and CEO, TEGNA Inc.</li>
<li>Christine M. McCarthy, strategic advisor and former senior executive vice president and chief financial officer, The Walt Disney Company</li>
<li>Thomas J. Quinlan III, president and CEO, R.R. Donnelley & Sons Company</li>
<li>Malcolm C. Roberts, president and CEO, Factory Mutual Insurance Company</li>
<li>David T. Walton, president and CEO, Caterpillar Financial Services Corporation</li>
</ul>
<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
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]]>Kocot McCoy brings a wealth of legal and governance expertise to the FM Global board.2023-11-30T14:30:00+00:00https://newsroom.fmglobal.co.uk/releases/financial-strength-ratings-affirmed-by-fitch-aa-and-s-p-global-a+Financial Strength Ratings Affirmed by Fitch (‘AA’) and S&P Global (‘A+’)2024-03-26T10:54:12.145228+00:00unspecified<![CDATA[<p><strong>LONDON, UK, November 28, 2023 </strong>– FM Global, one of the world’s largest commercial property insurers and a leader in loss prevention and business continuity, today announced it has been rated AA and A+ by two of the world’s leading rating agencies.</p>
<p><a href="https://www.fitchratings.com/research/insurance/fitch-affirms-fm-global-ifs-ratings-at-aa-27-10-2023">Fitch</a> has affirmed FM Global as AA (very strong) and its rating outlook as stable, reflecting the “long-term underwriting profitability, very strong capitalisation and the competitive advantages derived from the company’s engineering expertise and global presence in specialty commercial property markets, as well as benefits drawn from the company's mutual company status.”</p>
<p>This follows an upward revision of FM Global’s outlook from stable to positive by S&P Global, which affirmed an A+ financial strength rating. The update pointed out “improved results, favorable performance relative to peers and extremely strong capitalisation when considering capacity to absorb extraordinary losses.” According to S&P Global, “The positive outlook also recognises our view of the company's very strong competitive profile, supported by its innovative loss prevention solutions and prominence in the large commercial property market.”</p>
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<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
]]>FM Global’s ratings and outlook reflect strong capitalisation, its innovative loss prevention solutions and benefits drawn from the company's mutual company status.2023-11-28T14:30:00+00:00https://newsroom.fmglobal.co.uk/releases/fm-globals-hannah-witzel-selected-for-business-insurance-magazines-women-to-watch-emea-programmeFM Global’s Hannah Witzel Selected for Business Insurance Magazine’s ‘Women to Watch’ EMEA Programme2024-03-26T10:54:12.187141+00:00unspecified<![CDATA[<p><strong>LONDON, UK, Nov. 8, 2023</strong> – FM Global has announced that Hannah Witzel, Operations Senior Vice President, Operations Manager in Frankfurt, was honoured at the <em>Business Insurance</em> Women to Watch EMEA event in London on 7<sup>th</sup> November.</p>
<p>The programme, which is now in its 18<sup>th</sup> year, recognises female executives working in risk management, insurance and related fields. The winners are celebrated for their accomplishments, expertise, leadership and future potential.</p>
<p>After completing her BA in business economics, Hannah entered FM Global’s claims department and went on to pursue an engineering degree while working full time. In April 2023, after serving in a number of roles in the company, Hannah was named Operations Manager in Germany. She is the first woman to serve as an Operations Manager for FM Global in EMEA. In her current role, Hannah oversees the day-to-day operations of the company in Germany, making strategic decisions and driving the implementation of business plans.</p>
<p>“FM Global is renowned for exceptional risk management and risk transfer services,” said Hannah Witzel. “For my teams and I, ensuring we maximise the value clients receive is at the centre of our strategy. We are commited to proactively helping our clients engineer resilience into every corner of their operations, which our ‘Resilience on Tour Experience’ brings to life so successfully. </p>
<p>“All of us are dedicated to promoting diversity and empowering professional women. We are just at the start of this vital journey, but we are proud of the contributions we are making to the growth and development of female professionals within the company and the industry.”</p>
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<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
]]>Hannah Witzel, Operations Senior Vice President, Operations Manager in Frankfurt, was honoured at the Business Insurance Women to Watch EMEA event in London on 7th November.2023-11-08T16:21:00+00:00https://newsroom.fmglobal.co.uk/releases/fm-global-names-ziad-alex-s-tadmoury-executive-vice-presidentFM Global Names Ziad Alex S. Tadmoury Executive Vice President2024-03-26T10:54:12.229790+00:00unspecified<![CDATA[<div class="textImage textImage-right" style="float: right; width: 249px; margin: 10px 10px 10px; font-size: 90%; font-style: italic;"><img align="right" alt="AlexTadmoury2022_mid" author="" class="widget-image" custom_size="false" data-imgheight="360" data-imgwidth="249" file_id="65435b533d633296439e2d79" height="360" src="https://s3.amazonaws.com/cms.ipressroom.com/315/files/202310/AlexTadmoury2022_mid.jpg" title="" width="249" /></div>
<p><strong>LONDON, UK, Nov. 1, 2023 </strong>– Commercial property insurer <a href="http://www.fmglobal.co.uk/">FM Global</a> has appointed Ziad Alex S. Tadmoury executive vice president, overseeing operations for EMEA, Asia Pacific, Canada and specialty industries. He will also have responsibility for AFM, FM Global’s middle market insurance division.</p>
<p>Currently senior vice president, division manager of AFM, Tadmoury will assume his new role on Jan. 1, 2024, reporting to Bret Ahnell, FM Global’s chief operating officer. He will be based in FM Global’s London office. Tadmoury will take over the role from James R. Galloway, who will retire on Dec. 31, 2023, after 37 years of distinguished service with FM Global.</p>
<p>Tadmoury joined FM Global in 1989 as a reinsurance claims analyst and advanced to hold various roles, including manager of assumed reinsurance in Massachusetts; deputy director of FM Global’s construction and international power units, based in London; and operations manager, based in Paris. In 2012, Tadmoury moved to FM Global’s corporate headquarters in Rhode Island, where he held several senior leadership roles, notably heading client service and sales, compliance and Hobbs Brook Real Estate. He assumed the role of Asia Pacific division manager in 2019 and his most recent role as AFM division manager in 2022.</p>
<p>Tadmoury’s experience outside of FM Global includes roles with Hanover Re’s Med Re Services in Athens, Greece. He holds an MBA from St. Louis University and a bachelor’s degree in quantitative business analysis from Indiana University.</p>
<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
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]]>Tadmoury will oversee operations for EMEA, Asia Pacific, Canada and specialty industries, and also be responsible for AFM, FM Global’s middle market insurance division.2023-11-01T18:00:00+00:00https://newsroom.fmglobal.co.uk/releases/tpc-boston-to-host-2024-fm-global-championshipTPC Boston to Host 2024 FM Global Championship2024-03-26T10:54:12.272078+00:00unspecified<![CDATA[<p><em>The newly created tournament will offer one of the largest purses on the LPGA Tour</em></p>
<p><strong>LONDON, 27<sup>th</sup> October, 2023 –</strong> The LPGA Tour and <a href="https://www.fmglobal.co.uk/">FM Global</a> announced today that TPC Boston in Norton, Mass., will host the 2024 FM Global Championship. From 29<sup>th</sup> August to 1<sup>st</sup> September, the newly created tournament will feature a field of 144 players competing for a $3.5 million purse, the largest prize fund on the LPGA Tour outside of the majors and tour championship.</p>
<p>“Boston is quickly becoming a dynamic home for women’s sports,” said LPGA Commissioner Mollie Marcoux Samaan. “We are thrilled to join this incredible movement, as the famed TPC Boston prepares to host the 2024 FM Global Championship, marking a historic return of the LPGA Tour to New England. With this event, the new National Women’s Soccer League team and the new Professional Women’s Hockey League team, the momentum for women's sports in the Boston area is undeniable. We can’t wait to team up with our newest partner, FM Global, to bring the world’s best female golfers to one of America’s great sports regions. We are truly grateful to FM Global for its commitment to elevating the LPGA and to using our collective platform to inspire, empower and advance young girls and women, on and off the golf course.”</p>
<p>FM Global, one of the world’s largest commercial property insurers, takes a unique preventative approach to helping clients protect their businesses, customers and communities. Through rigorous research and engineering expertise, FM Global forges new standards in loss prevention — and meets them with deep-rooted partnerships and human-to-human understanding. For nearly 200 years, some of the world’s leading organisations have worked with FM Global to build resilience to fire, machinery breakdowns and natural hazards. With offices and experts around the world, FM Global is united in its mission to protect today for a better tomorrow.</p>
<p>“We are proud to partner with the LPGA Tour to support this new, marquee event and bring women’s professional golf back to New England,” said Malcolm Roberts, president and chief executive officer of FM Global. “The FM Global Championship provides a tremendous platform to promote diversity and inclusion on the playing field and in the workplace, raise awareness of FM Global’s unique approach to helping clients protect their businesses and mitigate loss, engage our employees, and drive positive impact in our communities.”</p>
<p>The 2024 competition, which kicks off a five-year partnership between the two organisations, marks FM Global’s first major sports sponsorship. Fenway Sports Management helped secure FM Global’s sponsorship of the championship as part of a commercial alliance with the LPGA formed earlier this year.</p>
<p>Roberts noted that as part of the sponsorship, FM Global will support programs to enable women and the next generation of students in pursuit of education and careers in science, technology, engineering and mathematics (STEM). </p>
<p><em>Ticket Information: </em><a href="https://lpga.formstack.com/forms/fm_global_championship_waitlist"><em>https://lpga.formstack.com/forms/fm_global_championship_waitlist</em></a></p>
<p><em>Media Assets: </em><a href="https://lpga.box.com/s/mq3exaq51um9t87qidmiw88viypzarq7"><em>https://lpga.box.com/s/mq3exaq51um9t87qidmiw88viypzarq7</em></a><em> </em></p>
<p>The 2024 FM Global Championship marks the LPGA Tour’s return to New England for the first time since the 2004 U.S. Women’s Open, held at Orchards Golf Club in South Hadley, Mass., and won by Meg Mallon. The last time the Tour competed in the greater Boston area was 1997, when Liselotte Neumann won the Welch’s Championship at Blue Hill Country Club in Canton. Other notable women’s golf events held in Massachusetts include the 1954 and 1984 U.S. Women’s Opens at Salem Country Club in Peabody, the 1967-1968 and 1970-1974 KPMG Women’s PGA Championships at Pleasant Valley Country Club in Sutton, and the 1960 U.S. Women’s Open at Worcester Country Club in Worcester.</p>
<p>“We are proud and excited to welcome the LPGA Tour back to Massachusetts,” said Massachusetts Governor Maura Healey. “Sports play an important role in shaping the lives of women, advancing equity and strengthening our communities. The opportunity to see women perform at the highest levels of the game will bring tremendous excitement and enthusiasm.”</p>
<p>TPC Boston, located 25 miles south of Boston, opened in 2002 with an original layout by Arnold Palmer, followed by a 2007 redesign by Gil Hanse and Brad Faxon. The course has hosted 17 PGA Tour events, including the Deutsche Bank Championship, the Dell Technologies Championship and the Northern Trust. The 2024 FM Global Championship will be the first professional women’s competition held at TPC Boston.</p>
<p> </p>
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<p align="center"> </p>
<p><strong>About the LPGA</strong></p>
<p>The Ladies Professional Golf Association (LPGA) is the world’s premier women’s professional golf organisation. Created in 1950 by 13 pioneering female Founders, the LPGA, whose members now represent over 60 countries, is the longest-standing professional women’s sports organisation. Through the LPGA Tour, the Epson Tour, a joint venture with the Ladies European Tour and the LPGA Professionals, the LPGA provides female professionals the opportunity to pursue their dreams in the game of golf at the highest level. In addition to its professional tours and teaching accreditation programmes, the LPGA features a fully integrated Foundation, which offers best-in-class programming for female golfers through its junior golf programming and LPGA Amateurs chapters, tournaments and membership. LPGA aims to use its unique platform to inspire, transform and advance opportunities for girls and women, on and off the golf course.</p>
<p>Follow the LPGA online at <a href="http://www.lpga.com/">www.LPGA.com</a> and on its <a href="https://u7061146.ct.sendgrid.net/ls/click?upn=4tNED-2FM8iDZJQyQ53jATUYOb0sR1a-2FRPHUmkjZ9jWWNMRg-2Bbc5PupYnnuXvIx75HgTCu_ZZAVFgFdz4Ps5e8Tkh1cOGvoisn-2BcjgKkPpwT17BjBPVMNM-2F1ljBkghQeN5TD6W1pCTT3EB-2FKw7m3ydlnZFCBm-2FM8STj0xyKeN-2BI-2BEDSer26Kkmmve5xozNE-2FmYeJ8IjcF3NGn8Yvr8QgdkBKd3y33xJccrGcYIeM2Xb3DLjQPHLoyQ3SrE2a4zXxdsPvnOJBQm2pXKVfNXx3TUw3-2FylTqXILF92BJHN7JlLfpO-2BeXGfTcgVZw8Z4CPW-2F3kkabevbhe49M4xUh9AA-2BG1BDoGeDejWQ5Ol3R1qmgRn66y3mPrTPzci0iKfYqSSv7K7h0L9D13Z17s3YdvVmx0OAj8XnLmILRVDT57DegF-2FLKVlc4-3D">mobile apps</a>. Join the social conversation on <a href="https://u7061146.ct.sendgrid.net/ls/click?upn=TeZUXWpUv-2B6TCY38pVLo9jw1V-2Bo5zjnJlDYvuv2Uss-2FInUxdhx3cpu4EYIFNa3ePnv7k_ZZAVFgFdz4Ps5e8Tkh1cOGvoisn-2BcjgKkPpwT17BjBPVMNM-2F1ljBkghQeN5TD6W1pCTT3EB-2FKw7m3ydlnZFCBm-2FM8STj0xyKeN-2BI-2BEDSer26Kkmmve5xozNE-2FmYeJ8IjcF3NGn8Yvr8QgdkBKd3y33xJccrGcYIeM2Xb3DLjQPHLoyQ3SrE2a4zXxdsPvnOJES5RDVtQQok8Hp-2FmDd0XYvcsvo71pP7fWA3G8XGdbodyVLCbUNU4UbHCPIK-2FliPus6euRDVwuwxvuNpKRl4P84ju44iO3ukQ6pjzo-2FQLRcdzpLoFpRKzFYm7MfNb-2BhqBEkOl1K5XQ6WG1I2VFxUHMaChTtl7XnI5ntYCrXoVemE-3D">Facebook</a>, <a href="https://u7061146.ct.sendgrid.net/ls/click?upn=TeZUXWpUv-2B6TCY38pVLo9q4eqF-2FTGW9MUBbPgjBAiw5RHwkDsWGCoLbukaAkmS8wyuZy_ZZAVFgFdz4Ps5e8Tkh1cOGvoisn-2BcjgKkPpwT17BjBPVMNM-2F1ljBkghQeN5TD6W1pCTT3EB-2FKw7m3ydlnZFCBm-2FM8STj0xyKeN-2BI-2BEDSer26Kkmmve5xozNE-2FmYeJ8IjcF3NGn8Yvr8QgdkBKd3y33xJccrGcYIeM2Xb3DLjQPHLoyQ3SrE2a4zXxdsPvnOJ7ktFIiYs-2B4x-2B5qPf-2FEgY80kk5IMSB6bJS6zF6NItTzjmu06EkSrCSrxUnKdsFPH3Xsx-2BKnkjtkYPXl5rccr9B4SZQ1RbIF4qVZFHoHtYG0ix5C-2FaHsWDk-2ByHx8gjhqHHsnb4gTQQWtf51U-2BJCPDQn8SWocXqCtBToErxEr-2BOdUI-3D">Twitter</a>, <a href="https://u7061146.ct.sendgrid.net/ls/click?upn=TeZUXWpUv-2B6TCY38pVLo9qOrmoYB1j0Snk5U43JMT06Ksh8tzK3oTJkawHe7flYgsf83_ZZAVFgFdz4Ps5e8Tkh1cOGvoisn-2BcjgKkPpwT17BjBPVMNM-2F1ljBkghQeN5TD6W1pCTT3EB-2FKw7m3ydlnZFCBm-2FM8STj0xyKeN-2BI-2BEDSer26Kkmmve5xozNE-2FmYeJ8IjcF3NGn8Yvr8QgdkBKd3y33xJccrGcYIeM2Xb3DLjQPHLoyQ3SrE2a4zXxdsPvnOJNm2gE-2F2GZgPnr4uF-2FPpufNyYqyhO835fgMpEuQPXhX1USQPhAvD42KXr4arqcEPHSAh5QIZzejIQ01eHtvuQ0INIuO6e8ZImoLDNwEqHnQUL6J4A8N-2BnsqLM5aUM3StWSsva4B9D8VIQC2cNyO3qYy-2Br89V1yDPfIfLIOB45emQ-3D">Instagram</a> and <a href="https://u7061146.ct.sendgrid.net/ls/click?upn=TeZUXWpUv-2B6TCY38pVLo9tHp7PKc-2BrGcBnOP6-2F9vNOS-2BCL8CvrzFOk4qkL-2F-2FtyRIJtwT_ZZAVFgFdz4Ps5e8Tkh1cOGvoisn-2BcjgKkPpwT17BjBPVMNM-2F1ljBkghQeN5TD6W1pCTT3EB-2FKw7m3ydlnZFCBm-2FM8STj0xyKeN-2BI-2BEDSer26Kkmmve5xozNE-2FmYeJ8IjcF3NGn8Yvr8QgdkBKd3y33xJccrGcYIeM2Xb3DLjQPHLoyQ3SrE2a4zXxdsPvnOJQBcRgpcNlT-2BvW9LBqInVlGLwztBBW-2Fj1u7-2BVpVDCNwiqHyEEZ-2FTB1zy6dqxI-2Btw444QhHuQcFUIuC0kjjasnpiBriEDt8LHLlKUXfj16NzkZwZr8KJ9EjeWVm-2FbaRgYfTGmgcdPMq1wGRfWo-2FKNIIqDAFpyni8zXumVbejlNt-2BY-3D">YouTube</a>.</p>
<p><strong>About the LPGA Tour</strong></p>
<p>The LPGA Tour is the world’s leading competitive destination for the best female professional golfers in the world. The Tour hosts more than 30 annual events across 12 countries and regions for over 200 Active Players, awarding total prize funds exceeding $100 million and reaching television audiences in more than 220 countries. Follow the LPGA Tour on its U.S. television home, Golf Channel.</p>
<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
<p><strong>Media Contacts</strong></p>
<p>LPGA: Christina Lance, <a href="mailto:christina.lance@lpga.com">christina.lance@lpga.com</a></p>
<p>FM Global: Rob Julavits, <a href="mailto:robert.julavits@fmglobal.com">robert.julavits@fmglobal.com</a></p>
<p> </p>
<p> </p>
]]>FM Global to sponsor a historic return of the LPGA Tour to New England.2023-10-27T13:00:00+00:00https://newsroom.fmglobal.co.uk/releases/fm-global-welcomes-resilience-on-tour-experience-to-luxembourgFM Global Welcomes ‘Resilience on Tour Experience’ to Luxembourg2024-03-26T10:54:12.310933+00:00unspecified<![CDATA[<p><strong>London, UK, 19<sup>th</sup> October 2023</strong> – The Resilience on Tour Truck, an interactive experience providing an introduction to FM Global’s engineering solutions, stopped off in Luxembourg this week to host clients, brokers and partners. </p>
<p>The commercial property insurer, which has based its European headquarters in Luxembourg since 2017, hosted guests at an event in the LuxExpo, including representatives from the Commissariat aux Assurances, the Luxembourg Institute of Science and Technology and Luxinnovation.</p>
<p>The Resilience on Tour Experience showcases the engineering-based solutions FM Global is developing for some of the most pressing property and business continuity risks that organisations face today, including how to develop climate resilience. During tours of the truck, guests watched battery fire tests, implemented flood mitigation measures on the interactive flood table and discovered how a seismic gas shutoff valve prevents large releases of flammable gas in the event of an earthquake.</p>
<p>“We rely on engineering to underwrite insurance, using our research and expertise to help clients build resilience by giving them the right tools in a dynamic and volatile world,” said Dr Louis Gritzo, FM Global’s Chief Science Officer. “The truck is a unique, illustrative way to engage our clients and partners. By using real world cases, we are bringing the risks and opportunities to life and inspiring people to make their businesses more resilient.”</p>
<p>Since it was launched in the UK in June, the truck has visited nine countries, travelled over 8,000 kilometres and received more than 700 visitors.</p>
<p>“We are delighted to welcome the Resilience on Tour Experience to our European home here in Luxembourg to demonstrate our unique approach to risk,” said Chris Dempsey, Senior Vice President, EMEA Division Manager. “We are proud to be part of a thriving R&D ecosystem here in Luxembourg, working on some of the world’s biggest challenges, from climate resilience to industrial automation and cyber-security. We recognise the importance of our partnerships and working with some of the best minds in the industry to develop new products and help build resilience.”</p>
<p align="center">###</p>
<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance group whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
]]>The Resilience on Tour Truck, an interactive experience providing an introduction to FM Global’s engineering solutions, stopped off in Luxembourg this week to host clients, brokers and partners.2023-10-19T11:16:00+00:00https://newsroom.fmglobal.co.uk/releases/fm-global-announces-us-350-million-resilience-credit-to-support-client-investment-in-climate-resilienceFM Global announces US$350 million ‘resilience credit’ to support client investment in climate resilience 2024-03-26T10:54:12.357349+00:00unspecified<![CDATA[<p><strong>London, UK, 12th September, 2023 </strong>– Commercial property insurer <a href="http://www.fmglobal.co.uk/">FM Global</a> today announced its second consecutive resilience credit to support client investment in climate resilience solutions. The resilience credit, collectively worth approximately US$350 million, will be shared among FM Global’s clients, providing them with additional resources to guard against extreme weather hazards such as wind, flood and wildfire.</p>
<p>The new allocation builds on the success of FM Global’s first-ever resilience credit last year. Following allocation of the 2022 resilience credit of US$300 million, FM Global clients accelerated implementation of natural hazards-related recommendations, driving a potential reduction in economic impact of up to US$20 billion. Over the last year, FM Global clients leveraged the resilience credit to invest in a variety of risk mitigation efforts, including flood protection projects such as levees, walls or specialised doors; fire breaks to shield against wildfires; and reinforced roofs for extreme snow.</p>
<p>“Investing in resilience is more important than ever,” said Malcolm Roberts, president and chief executive officer of FM Global, noting that climate-related perils continue to impact FM Global’s clients and drive the current insurance market.</p>
<p>“With the increasing frequency of disruptive events around the globe, our clients need the tools and resources to invest in risk mitigation solutions and support business continuity,” said Roberts. “The resilience credit enables our mutual owners to protect against climate change risk today, invest in tomorrow, and make a positive impact on their customers, colleagues and communities.”</p>
<p>United Therapeutics leveraged the 2022 resilience credit to strengthen flood mitigation at its Manchester, New Hampshire, research and development facility. Installation of additional mitigation devices will be completed by the end of 2023. “We share FM Global’s belief that the majority of all loss is preventable,” said Christina Donnelly, vice president of enterprise risk management for United Therapeutics. “We are proud to partner with FM Global to continuously improve our organisational resilience.”</p>
<p>Adient, an automotive seating company based in Plymouth, Michigan, leveraged the 2022 resilience credit to support several key climate risk mitigation projects, including building and replacing flood barriers and reinforcing roofs and walls to protect against wind.</p>
<p>“The resilience credit is a very good initiative and one more factor that differentiates FM Global in the property insurance world,” said Rob Milligan, vice president of risk management at Adient. “The additional resilience credit this year will continue to support climate risk projects and help us prioritise our risk mitigation efforts.”</p>
<p>The resilience credit will be applied as a 5% premium offset against eligible FM Global policies with renewals or anniversaries between Oct. 1, 2023, and Sept. 30, 2024, and will be calculated based on eligible premium in effect 90 days prior to the renewal or anniversary date of the prior policy.</p>
<p>The new resilience credit combines with a <a href="https://www.fmglobal.co.uk/products-and-services/products/climate">suite of climate resilience products</a> launched by FM Global in the last year, confirming its position as a leader in climate risk. The suite of products includes the Climate Change Impact Report, which helps clients identify, understand and avoid future climate-related risk as far in the future as 2050; the Climate Risk Report; and the Climate Reporting Aid.</p>
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<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
]]>Following allocation of last year’s inaugural resilience credit of US$300 million, clients accelerated implementation of mitigation efforts to drive a forecasted reduction in economic impact of up to US$20 billion.2023-09-12T13:00:00+00:00https://www.strategic-risk-europe.com/home/how-risk-managers-can-become-climate-leaders/1445435.articleHow risk managers can become climate leaders through better communication2024-03-26T10:54:12.393450+00:00unspecified<![CDATA[]]>With the right communication and data, risk managers can speak the language of the c-suite and become a driver of climate resilience says Chris Hickin, Vice President - Operations Engineering Manager, at FM Global.2023-08-29T09:00:00+00:00https://newsroom.fmglobal.co.uk/releases/new-2023-fm-global-resilience-index-fuels-business-continuity-and-sustainable-growthNew 2023 FM Global Resilience Index fuels business continuity and sustainable growth 2024-03-26T10:54:12.411225+00:00unspecified<![CDATA[<p><strong>LONDON, UK, 13<sup>th</sup> June, 2023</strong> – Commercial property insurer <a href="http://www.fmglobal.co.uk/">FM Global</a> today revealed the <a href="https://www.fmglobal.co.uk/research-and-resources/tools-and-resources/resilienceindex">2023 FM Global Resilience Index</a>, an online, interactive tool that supports strategic decision-making for global businesses. The index ranks countries on 15 measures of economic, risk quality and supply chain resilience.</p>
<p>The FM Global Resilience Index is considered an essential tool for site selection, supply chain design and market targeting amid critical business risks like climate change, economic volatility and geopolitical tensions. Several global organisations have found the data-rich index so valuable they have integrated it into their site-selection/enterprise risk management software for strategic decision-making, demonstrating the power of the Resilience Index.</p>
<p>“Objective data should support most major business decisions, and in the Resilience Index we’ve aggregated salient data to help companies build resilience for decades to come,” said <a href="https://www.linkedin.com/in/pentti-tofte-556485/" target="_blank"><strong>Pentti Tofte</strong></a>, staff senior vice president, data analytics, FM Global. “When potential disruptions loom, a resilient company can mitigate losses of revenue, market share and growth – losses that may have been unrecoverable.”</p>
<p><strong>Data drives decisions</strong></p>
<p>FM Global’s data, both proprietary and aggregated from respected third parties, places these 10 countries/territories atop this year’s Resilience Index:</p>
<ol>
<li>Denmark</li>
<li>Singapore</li>
<li>Luxembourg</li>
<li>Germany</li>
<li>Switzerland</li>
<li>United States Region 3 (Central)</li>
<li>United States Region 1 (East)</li>
<li>Sweden</li>
<li>Finland</li>
<li>Austria</li>
</ol>
<p>The bottom three are:</p>
<ol>
<li value="128">Ethiopia</li>
<li value="129">Venezuela</li>
<li value="130">Haiti</li>
</ol>
<p>The biggest riser was the Dominican Republic, which rose from 99<sup>th</sup> to 95<sup>th</sup> based on a higher climate risk quality ranking in this year’s index. The biggest faller was Lebanon, which dropped from 101<sup>st</sup> to 106<sup>th</sup>, due in part to a lower ranking in health care spending.</p>
<p>The UK ranks in 13th place in the FM Global Resilience Index, as in 2022.</p>
<p><strong>Facts support good decisions</strong></p>
<p>The FM Global Resilience Index provides relevant data around some of the most pivotal topics that companies face today.</p>
<p><strong>Climate change</strong> is one of them. The index uses facts about each country’s <em>climate risk exposure</em> and <em>climate risk quality</em> to help companies prosper. </p>
<p>The <strong>global economy</strong> is another concern, and more<em> productive</em> countries (those with higher GDP per capita) generally have more resilient business environments. <em>Health expenditure </em>per capita<em>, energy intensity</em> and high <em>urbanisation rates</em> also affect resilience. Data on all of these economic drivers is captured in the index to keep companies growing strong.</p>
<p>As<strong> geopolitics</strong> continue to shift, companies can consult the index’s <em>political risk</em> rankings to enhance stability for future growth.</p>
<p><strong>Rankings</strong></p>
<p>FM Global has chosen to make the <a href="https://www.fmglobal.co.uk/research-and-resources/tools-and-resources/resilienceindex">Resilience Index</a> freely accessible to any individual or company seeking to improve resilience, reduce risk and achieve their environmental, social and governance (ESG) goals. It’s part of an exclusive <a href="https://www.fmglobal.co.uk/products-and-services/products/climate">suite of products</a> designed to support FM Global clients in a changing world. The Resilience Index consistently attracts thousands of global business leaders representing numerous sectors, including chemicals, education, forest products, governments, healthcare, mining, molten materials, pharma/biotech, power generation and semiconductors.</p>
<p><strong>Explore the 2023 FM Global Resilience Index:</strong></p>
<ul>
<li><a href="https://fmglobalpublic.hartehanks.com/AssetDisplay?acc=11FM&itemCode=P17062">Executive Summary</a></li>
<li><a href="https://fmglobalpublic.hartehanks.com/AssetDisplay?acc=11FM&itemCode=P17095">Frequently Asked Questions</a></li>
<li><a href="https://fmglobalpublic.hartehanks.com/AssetDisplay?acc=11FM&itemCode=W00234">Methodology</a></li>
</ul>
<p style="text-align: center;"><span>###</span></p>
<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
]]>The definitive ranking of countries’ business environments helps companies select new sites, create stronger supply chains, and target new markets.2023-06-13T14:00:00+00:00https://newsroom.fmglobal.co.uk/releases/fm-global-launches-climate-change-product-to-predict-future-risksFM Global launches climate change product to predict future risks 2024-03-26T10:54:12.448936+00:00unspecified<![CDATA[<p><strong>LONDON, UK, 2<sup>nd</sup> May, 2023 </strong>– Commercial property insurer FM Global has launched its <a href="https://www.fmglobal.co.uk/products-and-services/products/climate">Climate Change Impact Report</a>, a proprietary tool to help its clients identify, understand and avoid risks as far in the future as 2050.</p>
<p>In response to growing concern over the short and long-term impact of climate change, the Climate Change Impact Report combines client-specific engineering data gained on location with the latest climate science and modelling.</p>
<p>It will allow FM Global to provide clients with actionable insights to stay resilient in the near and distant future, prioritise risk improvement investments, and allow them to keep serving their clients, partners and communities in the face of extreme weather conditions.</p>
<p>The Climate Change Impact Report identifies client-specific locations with the largest potential climate change impact due to risk from extreme rain, strong winds, heat waves, droughts and rising sea levels.</p>
<p>The reports cover two-time spans, short term up until 2030 and long term to 2050. This unparalleled and unique insight confirms FM Global as a leader in loss prevention and business continuity and as an expert in mitigating climate-related risk.</p>
<p>“Climate change is clearly a major factor in decisions being made by business, organisations and communities about their future,” said Malcolm Roberts, president and chief executive officer. “With our engineering expertise, cutting-edge research and access to high-level data, we have a responsibility to help our partners through this rapidly evolving landscape. The Climate Change Impact Report arms our clients with the insights needed to help them protect their facilities against future risks.</p>
<p>“From hurricanes to rising sea levels, our clients need to be prepared and take steps to build resilience, taking action now for what the future might bring. We believe this market-leading product will help businesses proactively plan for and defend against climate-related events. Loss and disruption are not inevitable. We are motivated by the ripple effect of climate resilience, which means businesses keep running, everyday services are provided and communities stay strong.”</p>
<p>This exciting new tool is part of a suite of products designed to support FM Global clients in a world of changing climate. It complements the Climate Risk Report, which provides insight into current risks, the Climate Reporting Aid, which assists climate-related financial disclosures, and a first-of-its kind resilience credit that provides US$300 million to help clients invest in climate resilience solutions. This, along with the recently announced US$800 million membership credit, amounts to over US$1 billion that FM Global is returning to their policyholders.</p>
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<p><strong>About FM Global</strong></p>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
]]>The Climate Change Impact Report is a proprietary tool to help the commercial property insurer’s clients identify, understand and avoid risks as far in the future as 2050.2023-05-04T09:00:00+00:00https://newsroom.fmglobal.co.uk/releases/record-us-800-million-membership-credit-for-fm-globals-client-ownersRecord US$800 million membership credit for FM Global’s client-owners2024-03-26T10:54:12.488394+00:00unspecified<![CDATA[<p><strong>LONDON, UK, 28<sup>th</sup> April, 2023</strong> – Commercial property insurer FM Global has announced its largest ever membership credit of approximately US$800 million on the back of ‘outstanding’ financial results, as detailed in its 2022 <a href="https://www.fmglobal.com/annual-report/2022">Annual Report</a>.</p>
<p>“Through increased risk mitigation and fewer losses, we are creating a circle of resilience,” said Malcolm Roberts, president and chief executive officer. “Our leading research, data and engineering expertise provides our clients with actionable risk mitigation recommendations. This allows our client-owners to be proactive and take the right steps to protect their business and purpose. These partnerships are the reason behind our outstanding financial performance and these results represent one of the best years in the company’s history.</p>
<p>“Our financial strength and mutual business model mean our clients share in our success. The more we prevent loss, the more we can give back to our client-owners. This is demonstrated in another record membership credit. In such a volatile market, the year ahead will be a challenge once again, but we face it from a position of strength and look forward with more optimism than ever before.”</p>
<p>Among the innovative solutions offered to clients in 2022 was a first-of-its kind resilience credit that provided an additional $300 million to help clients invest in climate resilience solutions. According to FM Global data, the credit has the potential to help organisations reduce total loss expectancies related to wind, flood, and wildfire exposure by more than US$120 billion.</p>
<p>The membership credit an eligible policyholder will receive will be based on its premium and tenure and applied as an offset against premium at a client’s renewal or anniversary date. FM Global clients holding policies for:</p>
<ul>
<li>fewer than 5 consecutive years will be eligible for a 5% credit.</li>
<li>at least 5 consecutive years but fewer than 20 will be eligible for a 10% credit.</li>
<li>at least 20 consecutive years will be eligible for a 15% credit.</li>
</ul>
<p>A detailed overview of the 2022 membership credit plan (including eligibility, timing and basis for calculations) is available <a href="https://fmglobalpublic.hartehanks.com/AssetDisplay?acc=11FM&itemCode=1097062820">here</a>. FM Global has now returned more than US$5 billion in credits since 2001.</p>
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<p><strong>About FM Global</strong></p>
<div>
<p>Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.</p>
</div>
]]>Commercial property insurer’s largest ever membership credit, on the back of ‘outstanding’ financial results, shows ‘circle of resilience’.2023-04-28T14:00:00+00:00