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Commercial Property Insurer FM Global to Issue to Clients Its Largest Membership Credit to Date

  • US$435 Million to be Earmarked to Policyholders in 2013/2014
  • 35 UK and Ireland based companies are eligible to receive membership credit

LONDON, UK— Clients of commercial property insurer FM Global will collectively receive an estimated US$435 million in premium reduction when they renew their policies between June 30, 2013 and June 29, 2014. The “membership credit” is the largest the company has ever offered its clients and is a result of the mutual insurer’s continued financial success due, in large part, to policyholders’ diligent property loss prevention efforts. The credit each client will receive will be based on client tenure, with longer-term clients benefiting the most.

Approximately 1,900 clients qualify, some of which have been policyholders with FM Global since the late 1800s. Thirty five UK and Ireland based companies, from industries including pharmaceuticals, automobile and data, are eligible to benefit along with a number of overseas clients with U.K. operations. Following this credit, FM Global clients will have benefited from approximately US$2.1 billion in membership credit since the program was introduced in 2001.

“Our clients’ commitment to the fundamental belief that the majority of loss is preventable has contributed to FM Global’s favourable loss experience, enabling us, once again, to apply a membership credit against renewal or anniversary premium to eligible policyholders,” said Shivan S. Subramaniam, chairman and chief executive officer. “This means that, as policyholders of a mutual company, in addition to receiving stable capacity and services on a worldwide basis, they also share in the benefits of their risk improvement efforts.”

FM Global clients holding policies consecutively for:-

  • fewer than five years will be eligible for a 5 percent credit;
  • five to 19 consecutive years will be eligible for a 10 percent credit;
  • 20 consecutive years or more will be eligible for a 15 percent credit

A more detailed overview of the 2013/2014 membership credit plan (including eligibility, timing and basis for calculations) is available at

About FM Global

For nearly two centuries, many of the world's largest organisations have turned to FM Global ( 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. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited, which celebrates its 50th anniversary of international operation in 2013.