Commercial property insurer FM Global has received a ‘AA’ (Very Strong) financial strength rating affirmation from Fitch Ratings and an ‘A+’ rating affirmation from S&P Global Ratings (A+)—both with a “stable” outlook. The ratings also apply to FM Global’s affiliates including FM Insurance Company Limited, FM Insurance Europe S.A. and middle market insurer AFM.

According to Fitch, the ratings affirmation reflects FM Global's “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.”

Fitch noted FM Global “is one of the leading providers of large limit commercial property capacity” and highlighted the company's “risk management sophistication,” “loss control expertise” and resultant “relatively low loss activity.”

S&P reported FM Global’s “strong long-term underwriting performance” stems from being “the global leader in providing insurance coverage and risk management services for large commercial and industrial properties.”

It also highlighted FM Global has “highly valued” products and services, “high client retention,” an “extensive roster of risk management engineers” and a management team with “significant depth and breadth.” S&P pointed out FM Global has a “highly regarded reputation for engineering expertise in assessing client risks to prevent and mitigate losses” that contributes to it being an “industry leader in engineering-based property underwriting and research” with “a significant commercial advantage over competitors.”

About FM Global
Established nearly two centuries ago, 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.