JOHNSTON, R.I., USA—Commercial and industrial property insurer FM Global has been named the “World’s Best Supply Chain Risk Insurance Provider” by Global Financemagazine in its July/August 2014 issue.
“FM Global relies on a deep pool of engineering talent to help multinationals manage supply chain risks,” reports Global Finance in its rankings of the “World’s Best Supply Chain Finance Providers 2014.” The insurer “uses a network of more than 1,800 loss prevention engineers to guide clients in more than 130 countries…and ended 2013 with [US]$9.7 billion in policyholder surplus.”
Selection was based on factors such as “market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.” The magazine’s editorial team sought input from industry analysts, corporate executives and technology experts.
Global Finance is read by more than 50,000 chairpeople, presidents, CEOs, CFOs, treasurers and other top financial officers at the world’s largest companies and financial institutions in 163 countries.
Established in 1835, FM Global is a US$5.6 billion mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management. Its client-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. FM Global is rated A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch.