JOHNSTON, R.I., USA, November 28, 2023 – FM Global, one of the world’s largest commercial property insurers and a leader in loss prevention and business continuity, today announced it has been rated AA and A+ by two of the world’s leading rating agencies.
Fitch has affirmed FM Global as AA (very strong) and its rating outlook as stable, reflecting the “long-term underwriting profitability, very strong capitalization and the competitive advantages derived from the company’s engineering expertise and global presence in specialty commercial property markets, as well as benefits drawn from the company's mutual company status.”
This follows an upward revision of FM Global’s outlook from stable to positive by S&P Global, which affirmed an A+ financial strength rating. The update pointed out “improved results, favorable performance relative to peers and extremely strong capitalization when considering capacity to absorb extraordinary losses.” According to S&P Global, “The positive outlook also recognizes our view of the company's very strong competitive profile, supported by its innovative loss prevention solutions and prominence in the large commercial property market.”
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.