Commercial Property Insurer Noted as Market Leader for Its International Reach, Stable Capacity and Loss Prevention Engineering
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 that reflects FM Global’s “superior level of risk-adjusted capitalisation, historically strong operating performance” and “leadership position in the commercial property market.” The mutual insurance company has maintained this rating for more than a decade.
A.M. Best noted that FM Global is “a market leader among providers of commercial property insurance,” serving “a significant number of Fortune 1000 companies worldwide.” It also acknowledged that the insurer’s “ability to consistently retain more than 90 percent of its policyholders is a result of its stable capacity, unique level of engineering resources, international reach, loss prevention technology and shared commitment to property preservation.”
According to A.M. Best, the rating also reflects the “benefits gained” from the company’s “advanced approach to loss prevention and property conservation.”
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
Marking 180 years in business, FM Global (www.fmglobal.co.uk) is a US$5.6 billion mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-owners. FM Global works with many of the world’s largest organisations to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. In 2015, Global Finance Magazine named FM Global the ‘World’s Best Supply Chain Insurance Provider.’ In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited.