JOHNSTON, R.I., USA, December 2, 2024 – Commercial property insurer FM announced today that Fitch Ratings, one of the world’s leading ratings agencies, affirmed its Insurer Financial Strength (IFS) ratings at ‘AA’ (Very Strong) with a “stable” outlook.
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.” Fitch also cited FM’s “strong franchise in the commercial property market for highly protected risks” and “very strong” capital position.
About FM
Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-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 four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.
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