MADRID, Spain—FM Global, one of the world’s largest business property insurers, has established an insurance branch in Spain and is now able to write local business through its Madrid office. FM Global has provided loss prevention engineering services to clients in Spain for nearly 30 years.
The establishment of an insurance branch office also will enhance FM Global’s responsiveness to local clients’ needs.
FM Global’s growth has followed that of its multinational clients who have rapidly expanded their global capabilities, leading the mutual insurer to provide its products and services in more than 130 countries..
The permission is granted to FM Insurance Company Limited, trading under the name FM Global located at:
C/Serrano Galvache, 56
Edificio Encina - 2a Planta
Tel.: +34 91 766 44 33
About FM Global
For more than 175 years, many of the world’s largest organizations have turned to FM Global to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. With clients in more than 130 countries, FM Global ranks #570 among FORTUNE magazine’s largest companies in America and is rated A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch Ratings. The company has been named “Best Property Insurer in the World” by Euromoney magazine, “Best Global Property Insurer” by Global Finance magazine and was voted “Best Commercial Property Insurer” in Business Insurance’s 2010 annual Readers Choice Awards.