Insurer Touted as a Market Leader Among Commercial Property Insurance Providers
LONDON, UK – Insurance ratings company A.M. Best has affirmed commercial property insurer FM Global’s A+ (Superior) financial strength rating and given the company a “stable” rating outlook, noting the insurer’s “market leadership position in the commercial property market.” For more than a decade, the mutual insurance company has maintained this rating.
The rating acknowledges FM Global’s “excellent level of risk-adjusted capitalisation, historically strong operating performance, the benefits gained from its innovative loss prevention process and approach to property conservation,” according to A.M. Best.
A.M. Best pointed out that FM Global serves a “significant” number of FORTUNE 1000 companies worldwide, many of which have been clients for more than a quarter century. The ratings company added that FM Global’s “ability to consistently retain more than 90 percent of its policyholders is a result of its stable capacity, unmatched engineering, global reach, loss prevention technology and shared commitment to property preservation.”
The rating is an independent opinion based on a comprehensive quantitative and qualitative evaluation of the company’s balance sheet strength, operating performance and business profile.
About FM Global
For nearly two centuries, 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. With clients in more than 130 countries, FM Global has been named "Best Property Insurer in the World" by Euromoney magazine, "Best Global Property Insurer" by Global Finance magazine and received the prestigious Queen's Award for Enterprise. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited, which celebrates its 50th anniversary of international operation in 2013.