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Commercial Property Insurer FM Global Receives ‘AA’ (Very Strong) and ‘Stable’ Rating Affirmation from Fitch

LONDON, UK —Commercial and industrial property insurer FM Global has again received a ‘AA’ (Very Strong) financial strength rating from Fitch with a “Stable” outlook. Fitch said the mutual company’s strong 2015 underwriting results and combined ratio of 85 percent were among the key drivers of the rating affirmation. The rating also applies to the company’s affiliates, including FM Insurance Company Limited and Affiliated FM Insurance Company.

Fitch noted, “the ratings continue to reflect FM Global’s strong capital and long-term underwriting profitability, competitive advantages derived from the company’s engineering expertise and global presence in specialty commercial property insurance markets, as well as benefits drawn from the company’s mutual company status.”

Fitch added that the “the company’s long-term operating performance continues to be strong and supportive of the current rating level.” Additionally, Fitch said it “believes that FM Global’s favourable long-term underwriting performance is due in large part to the company’s ability to incorporate engineering expertise into the risk selection and underwriting processes.”

The rating agency also said it views the company’s engineering and loss prevention capabilities as “key advantages that are difficult for competitors to replicate, and believes this expertise will result in future underwriting results that are consistently better than peers.”

About FM Global

Established nearly 200 years ago, FM Global ( is a 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. FM Global is rated ‘A+’ by Standard & Poor’s, ‘A+’ (Superior) by A.M. Best, and ‘AA’ (Very Strong) by Fitch. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited.