LONDON, UK —FM Global, one of the world’s largest commercial property insurers, has jumped to No. 561 on Fortune magazine’s 2016 list of America’s 1,000 largest companies.
In 2015, the mutual insurance company’s combined ratio was 85.3 percent, and the combination of strong underwriting performance and investment results increased FM Global’s surplus by 3.8 percent to US$11 billion. This strong financial performance led the company to recently announce it would provide an estimated US$465 million membership credit in 2016/2017 to eligible clients.
Founded in 1835, FM Global remains one of the longest-standing companies among the Fortune 1000.
About FM Global
Established nearly 200 years ago, FM Global (www.fmglobal.co.uk) 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.