LONDON, UK —Commercial and industrial property insurer FM Global has received an ‘A+’ financial strength and counterparty credit rating with a ‘Stable’ outlook from Standard & Poor’s (S&P) Rating Services. This first ever interactive S&P rating assignment to FM Global also applies to the company’s affiliates: Affiliated FM Insurance Company and FM Insurance Company Limited.
S&P indicated the rating reflects its view of FM Global’s “very strong business risk profile and strong financial risk profile, based on the company’s market-leading competitive position in the large commercial property segment and extremely strong capital and earnings.”
The ratings organisation noted that FM Global “works diligently with its insureds to help foster best-in-class loss-prevention plans. FM Global’s highly regarded reputation for using its engineering expertise to assess client risks to help prevent and mitigate loss gives it a significant commercial advantage over competitors.”
S&P also acknowledged the “significant depth and breadth” of FM Global’s management team and pointed out that the company provides “significant competitive property insurance capacity and offers best-in-class products and services that keep pace with policyholder/owner needs.”
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, as well as the 2013 CIR Risk Management Insurance Partnership of the Year Award. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited, which celebrated its 50thanniversary of international operation in 2013.