LONDON, UK--Insurance ratings company Fitch has affirmed commercial and industrial property insurer FM Global’s ‘AA’ (Very Strong) financial strength rating and reports the rating outlook is “Stable.” The ratings also apply to Affiliated FM Insurance Company and FM Insurance Company Limited.
Noting the company’s solid long-term operating performance, Fitch remarked that the rating continues to reflect “FM Global’s strong capital position and long-term underwriting profitability, competitive advantages derived from the company’s engineering expertise and global presence in specialty commercial property insurance markets, as well as benefits drawn from the company’s mutual company status.”
Fitch also pointed out FM Global’s ability to incorporate engineering expertise into its risk selection and underwriting processes. “Fitch views the company’s engineering capabilities and loss prevention services as key advantages that are difficult for competitors to replicate, and believes this expertise will result in future underwriting results that are consistently better than peers.”
About FM Global
For nearly two centuries, many of the world's largest organisations have turned to FM Global (www.fmglobal.co.uk) 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.