LONDON, UK—FM Global, one of the world’s largest commercial and industrial property insurers, has appointed Sanjay Chawla as senior vice president, chief investment officer. He will join the company as of March 31, 2018 and report to Thomas A. Lawson, chairman and chief executive officer. Chawla succeeds Paul LaFleche, who has retired after a 29-year career with FM Global.

Chawla comes to FM Global from Raytheon Company, where he is vice president and chief investment officer responsible for combined pension assets of US$38 billion. His investment management responsibilities at Raytheon have included portfolio construction and asset allocation across public and private markets, risk management, operations, ongoing performance monitoring and diligence.

Prior to joining Raytheon, Chawla worked for Dow Chemical for 18 years and held various leadership roles in finance, primarily involving portfolio investments and treasury. His role included global asset allocation as well as enterprise and financial risk management at the corporate headquarters in Michigan, USA, and during expatriate assignments in Asia.

He received an MBA from Virginia Polytechnic Institute and State University, Va., USA, and a bachelor’s degree in commerce (honours) from Shri Ram College of Commerce, Delhi University, India.

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.