LONDON, U.K —Insurance ratings company A.M. Best has affirmed FM Global’s A+ (Superior) financial performance rating and “stable” rating outlook, noting the commercial property insurer’s “very strong capitalisation,” “solid operating performance” and “market leadership position in the commercial property market.” A.M. Best assigns an A+ rating to those insurers with a very strong ability to meet their ongoing obligations to policyholders.
FM Global is a market leader among providers of commercial property insurance,” cited A.M. Best, noting that the insurer serves a significant number of FORTUNE 1000 companies worldwide.
The ratings company added “FM Global remains one of the prominent underwriters of highly protected risk within the commercial property market and is widely recognised throughout the industry for its extensive loss control, risk management and engineering capabilities.”
A.M. Best also acknowledged FM Global’s “very conservative approach to risk management” that permeates all aspects of its operations. Additionally, FM Global was recognised for how the company is able to “consistently retain more than 90% of its policyholders—a result of its stable capacity, unmatched engineering, global reach, loss prevention technology, shared commitment with its policyholders to property preservation and the strategic use of membership credits.”
FM Global’s financial strength rating from A.M. Best is an independent opinion based on a comprehensive quantitative and qualitative evaluation of the company’s balance sheet strength, operating performance and business profile.
For 176 years, many of the world’s largest organisations have turned to FM Global (www.fmglobal.co.uk) to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. FM Global ranks 570 among FORTUNE magazine’s largest companies in America and also is rated AA (Very Strong) by Fitch Ratings. FM Global has been named “Best Property Insurer in the World" by Euromoney magazine and “Best Global Property Insurer" by Global Finance magazine.
About FM Global
Established in 1835, FM Global (www.fmglobal.co.uk) is a US$4.7 billion mutual insurance company, owned and governed by its policyholders, which include more than one of every three FORTUNE 1000 companies and similar sized organisations in more than 130 countries.
FM Global (www.fmglobal.co.uk ) works with many of the world’s largest organisations to develop robust property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited, which is regulated by the Financial Services Authority.