JOHNSTON, R.I., USA, January 25, 2023 – Commercial property insurer FM Global, a leader in loss prevention and business continuity, has received an ‘AA’ (Very Strong) financial strength rating affirmation from Fitch Ratings and an ‘A+’ financial strength rating affirmation from S&P Global Ratings — 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.
Fitch’s ratings affirmation “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.”
S&P declares FM Global the “world's largest commercial property insurer and [a] formidable leader in specialized engineering-based property underwriting and research.” It spotlights the company’s “highly valued customized loss prevention solutions complementing large commercial property products” and “strong long-term underwriting performance.” Moreover, FM Global’s “highly regarded reputation for engineering expertise in assessing client risks to prevent and mitigate losses gives it a significant commercial advantage over competitors, as shown by its high client retention and generally favorable underwriting performance.”
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 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 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.