JOHNSTON, R.I., USA— Insurance ratings company A.M. Best has affirmed commercial property insurer FM Global’s A+ (Superior) financial strength rating and given the company a “stable” rating outlook that reflects FM Global’s “superior level of risk-adjusted capitalization, historically strong operating performance” and “leadership position in the commercial property market.” The mutual insurance company has maintained this rating for more than a decade.
A.M. Best noted that FM Global is “a market leader among providers of commercial property insurance,” serving “a significant number of Fortune 1000 companies worldwide.” It also acknowledged that the insurer’s “ability to consistently retain more than 90 percent of its policyholders is a result of its stable capacity, unique level of engineering resources, international reach, loss prevention technology and shared commitment to property preservation.”
According to A.M. Best, the rating also reflects the “benefits gained” from the company’s “advanced approach to loss prevention and property conservation.”
The rating is an independent opinion based on a comprehensive quantitative and qualitative evaluation of the company’s balance sheet strength, operating performance and business profile.
Established in 1835, 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 organizations, 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.