LONDON, UK—FM Global, one of the world’s largest commercial property insurers, today announced that Executive Vice President Malcolm C. Roberts has been appointed president and elected to the company’s board of directors, effective Aug. 1, 2021. He will succeed Thomas A. Lawson as chief executive officer, effective Jan. 1, 2022.
Roberts joined the mutual insurance company in 1995 as a loss prevention consultant in London after working as a chemical engineer. He has held a variety of management roles within the company across the globe and was appointed to his current position in 2018. As president, he will be responsible for the strategic and operational direction of the company, which insures nearly US$10.2 trillion in business property in more than 130 countries.
Lawson will retire on Dec. 31, 2021, after 42 years with the company and will remain chairman of FM Global’s board of directors. He became CEO in 2015. Since that time, Lawson has helped the company grow from US$5.6 billion to US$7.4 billion in annual revenue and from US$11 billion to US$18.4 billion in policyholders’ surplus.
“This is an exciting step in the future direction of the company,” said Lawson. “Malcolm has the right balance of leadership skills and vision, intrinsic understanding of our corporate culture, comprehensive insight into our clients’ complex needs as well as extensive industry knowledge and experience. That, combined with FM Global’s enduring business model solely focused on property risk management and the resilience of our policyholders, will ensure the continued success we share with our client-owners.”
About FM Global
Established nearly 200 years ago, FM Global is a mutual insurance company whose policyholders share the belief that the majority of property loss is preventable and represent many of the world’s largest organisations, including one of every three Fortune 1000 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 based on the company’s scientific research capability, engineering expertise and insurance protection.