LONDON, UK—Thomas A. Lawson, president and chief executive officer of commercial and industrial property insurer FM Global, has been elected chairman of the board by FM Global’s board of directors.

Lawson, who joined the mutual insurance company in 1979, succeeds Shivan S. Subramaniam, who served as board chairman since 2002. Subramaniam also was FM Global’s chief executive officer from 1999 through 2014 until his retirement, at which time Lawson was named to the position.

“The board extends its gratitude to Shivan for his significant service as chairman of the board and as leader of FM Global,” said Lawson. “His innumerable contributions since joining the company in 1974 have secured FM Global’s position as a world-class commercial property insurance organisation. He will be missed.”

During his career with FM Global, Lawson, a recognised expert in industrial manufacturing risk, has served in a variety of managerial positions, including executive vice president; senior vice president, engineering and research; vice president, operations manager – forest products; field vice president and operations underwriting manager; regional engineering manager; and operations manager. He is a graduate of Illinois State University, Normal, Ill., USA, where he received a bachelor’s degree in occupational safety. He is a member of the board of directors of the National Fire Protection Association (NFPA).

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.