London, U.K.—A.M. Best has affirmed the A+ (Superior) financial strength rating and ‘Stable’ outlook of FM Global, one of the world’s largest commercial and industrial property insurers. The rating also applies to the company’s affiliates FM Insurance Europe S.A., FM Insurance Company Limited, Affiliated FM Insurance Company (AFM) and Appalachian Insurance Company.
According to A.M. Best, FM Global is “a well-run organization” with “a strong and experienced management team that has plenty of depth.” The rating reflects FM Global’s “balance sheet strength” that “has demonstrated an ability to withstand catastrophes year-over-year.”
The rating agency also highlighted FM Global’s “strong operating performance, favorable business profile and appropriate enterprise risk management.”
In its assessment, A.M. Best acknowledged the mutual insurance company as “a leading global property insurer” whose “specialty expertise” and “engineering-based approach” make it “an innovator” in “flood mapping and modeling internationally, as well as in cyber risk assessment.”
About FM Global
Established nearly 200 years ago, FM Global 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. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every three Fortune 1000 companies. 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.