OHNSTON, 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. FM Global has maintained this rating for more than a decade.
According to A.M. Best, the rating acknowledges FM Global’s “excellent level of risk-adjusted capitalization, historically solid underwriting and operating performance, benefits gained from its innovative loss prevention process and approach to property conservation, as well as its market leadership position in the commercial property market.”
The ratings company also cited that FM Global “is a market leader among providers of commercial property insurance,” and serves “a significant number of FORTUNE 1000 companies worldwide,” many who have been clients for more than a quarter century.
FM Global’s “ability to consistently retain more than 90 percent of its policyholders is a result of its stable capacity, unmatched engineering, global reach, loss prevention technology and shared commitment to property preservation,” A.M. Best added.
FM Global’s financial strength rating from A.M. Best is an independent opinion based on a comprehensive quantitative and qualitative evaluation of the company’s balance sheet strength, operating performance and business profile.
For 177 years, many of the world’s largest organizations have turned to FM Global (www.fmglobal.com) to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. FM Global ranks 572 among FORTUNE magazine’s largest companies in America and also is rated AA (Very Strong) by Fitch Ratings. FM Global has been named “Best Property Insurer in the World" by Euromoney magazine and the “World’s Best Supply Chain Risk Insurance Provider” by Global Finance magazine.