LONDON, UK—FM Global, one of the world’s largest commercial and industrial property insurers, has received an A+ (Superior) financial strength rating affirmation with a ‘Stable’ outlook from A.M. Best. The rating also applies to the company’s affiliates FM Insurance Europe S.A., FM Insurance Company Limited and Affiliated FM Insurance Company.
FM Global’s “exceptional balance sheet strength,” “strong operating performance,” “favourable business profile” and “appropriate enterprise risk management,” contribute to the rating, said A.M. Best.
The insurance ratings company added that “FM Global has generated above-average underwriting performance—a direct byproduct of its extensive risk management” and “best-in-class loss control and prevention methods” which benefits many of the largest companies in the world.
A.M. Best noted that FM Global is “a well-run organisation” whose specialty focus gives the company “a distinct competitive advantage over most insurers by virtue of its professional property engineering expertise… loss prevention services, training and research” led by “a strong and experienced management team that has plenty of depth.”
About FM Global
Established nearly two centuries ago, FM Global’s capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations. 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.