Fitch Acknowledges FM Global’s Very Strong Capital Position With a ‘AA’ (Very Strong) Rating Affirmation

Ratings

JOHNSTON, R.I., USA—Fitch Ratings has affirmed commercial and industrial property insurer FM Global’s ‘AA’ (Very Strong) financial strength rating and ‘Stable’ outlook. The rating also applies to the company’s affiliates, including FM Insurance Europe S.A., FM Insurance Company Limited and Affiliated FM Insurance Company.

The rating agency said that “FM Global has built a significant franchise in the commercial property market for highly protected risks” and “views the company's engineering capabilities and loss prevention services as key advantages that are difficult for competitors to replicate.” Fitch noted it believes FM Global’s “expertise will result in future underwriting results that are consistently better than peers.” 

Fitch added that the rating reflects FM Global'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, as well as benefits drawn from the company's mutual company status.”

 ###