LABUAN, Malaysia—FM Global, one of the world's largest commercial property insurers, has become an admitted reinsurer in Labuan, a federal territory in Malaysia, to better serve its clients' reinsurance needs in the region. The company received approval from regional insurance regulator Labuan Offshore Financial Services Authority (LOFSA).
FM Global has been servicing clients with locations throughout Asia for more than a quarter of a century. The company has 62 offices worldwide serving approximately one of every three FORTUNE 1000-size companies and similar size organizations in nearly 200 countries. The approval is granted to FM Insurance Company Limited, which conducts business under the name FM Global.
For 175 years, clients have turned to FM Global (www.fmglobal.com) for robust risk management solutions to protect their business operations from fire, natural disasters and other types of property perils. FM Global ranks 766 among FORTUNE magazine's largest companies in America and has been named "Best Property Insurer in the World" according to Euromoney magazine, rated number one "for overall product and service quality" according to Strategic Risk magazine and named "Best Global Property Insurer" by Global Finance magazine. With US$4.6 billion in policyholder surplus, the company has a financial strength rating of A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch Ratings.