LONDON, U.K. - Ruud H. Bosman, vice chairman of FM Global, one of the world’s largest business property insurers, will retire in November after 40 years with the company, where he worked his entire career.
Bosman joined FM Global in 1971 and was elected to its board of directors and named its vice chairman in 2009 where he had overall responsibility for all of FM Global’s operations, engineering, underwriting, marketing and claims activities around the world.
During his tenure with the company, Bosman has held a number of other senior level positions, including executive vice president; chairman and managing director of the company’s international operations; senior vice president, division manager; and vice president and manager of the company’s New York operations.
“During the past four decades, Ruud has made significant contributions to FM Global’s success, especially in the area of strategic planning and direction,” said Shivan S. Subramaniam, chairman and chief executive officer. “He will leave an enduring mark on the company and we will miss him.”
Upon Bosman’s retirement, several planned leadership changes will occur at FM Global. Jonathan W. Hall, executive vice president, and Thomas A. Lawson, executive vice president, will report to Subramaniam. Hall, who oversees underwriting and reinsurance, claims, marketing and enterprise learning, and engineering and research divisions, will assume executive management responsibility for Affiliated FM, a member of the FM Global Group. Lawson, who is responsible for FM Global's operations in North and South America, also will assume executive management responsibility for the company's EMEA/Asia Pacific division.
“These impending changes continue to ensure proper oversight, further enabling FM Global to maximise our global product and service delivery system,” added Subramaniam.
About FM Global
Established in 1835, FM Global (www.fmglobal.co.uk) is a US$4.7 billion mutual insurance company, owned and governed by its policyholders, which include more than one of every three FORTUNE 1000 companies and similar sized organisations in more than 130 countries.
FM Global (www.fmglobal.co.uk ) works with many of the world’s largest organisations to develop robust property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. In recent years, 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. The company is rated A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch Ratings. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited, which is regulated by the Financial Services Authority.