LONDON, UK—For a fourth consecutive year, S&P Global Ratings has affirmed the ‘A+’ financial strength rating and “Stable” outlook for FM Global, one of the world’s largest commercial and industrial property insurers. The rating also applies to FM Global’s middle market affiliate AFM and its subsidiaries FM Insurance Company Limited and FM Insurance Europe S.A.
In its evaluation, S&P underscored that FM Global is an “industry leader in engineering-based property underwriting and research” and provides “highly valued, customised loss prevention services.”
“We base our very strong assessment of FM Global’s competitive position on its strong reputation, major market presence and overall positive operating results,” S&P said. “Its highly regarded reputation for leveraging its engineering expertise in assessing client risks to prevent and mitigate loss gives it a significant commercial advantage over competitors, as shown by its long-term underwriting performance.”
FM Global “offers best-in-class products and services that keep pace with the needs of its policyholders and owners,” S&P added, pointing to how FM Global “works diligently with its insureds to help foster best-in-class loss prevention plans” and provides “extensive competitive property insurance capacity.”
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.