News Release Archive

The combination of VSIC’s expertise and capabilities in E&S insurance and FM’s leading position in the global commercial property insurance market will provide support for new business initiatives.

Rudnick will be senior vice president, chief underwriting officer, and Harrison will be senior vice president, division manager for FM Affiliated, FM’s middle-market insurance division. Both roles will be effective on Jan. 1, 2025.

In its announcement, Fitch said the affirmation “reflects FM’s long-term underwriting profitability, very strong capitalization and competitive advantages derived from the company's engineering expertise and global presence in specialty commercial property insurance markets.”

In this role, Broad will lead FM’s core insurance operations, which include underwriting; research and engineering; claims; data analytics and AI; and global client services, sales and marketing.

Hodge will take over the COO role from Bret Ahnell, who will retire from the company in March 2025. The appointment will be effective on Dec. 1, 2024.

In this newly created role, Wrinkle will be responsible for strategy formation and management, including leading FM’s portfolio of strategic initiatives.

With its third resilience credit, FM will have allocated more than US$1 billion to help clients protect their purpose over the last three years.

FM announced today that S&P Global Ratings upgraded its financial strength rating to ‘AA-‘ from ‘A+,’ reflecting FM’s “strong competitive profile” and “innovative risk engineering expertise.”

Gallant will become senior vice president, claims and Parrish will assume the role of senior vice president, division manager, Western division.

PropertyCasualty360 named the Renewable Energy unit of FM to its Insurance Luminaries Class of 2024 in the Risk Management Innovation category.