JOHNSTON, R.I., USA—FM Global, one of the world's largest commercial and industrial property insurers, has again received an affirmation of its A+ (Superior) financial strength rating from insurance ratings company A.M. Best. This rating also applies to FM Global's subsidiaries, including AFM. The company also received a 'stable' rating outlook that A.M. Best noted reflects its view that FM Global's "risk adjusted capitalization will remain more than supportive of the current ratings, driven by strong earnings and its leadership in providing property coverages worldwide."
In issuing the rating reaffirmation, A.M. Best also pointed to FM Global's "historically strong operating performance" as well as "the benefits gained from their advanced approach to loss prevention and property conservation."
The rating agency acknowledged FM Global "is a market leader among providers of commercial property insurance in the United States, serving a significant number of Fortune 1000 companies worldwide, many of which have been with the company for more than 25 years." Additionally, A.M. Best also pointed to, "the group's ability to retain consistently more than 90% of its policyholders is a result of its stable capacity, unmatched engineering, global reach, loss prevention technology, shared commitment (with its policyholders) to property preservation and the strategic use of membership (premium) credits."
About FM Global
Established nearly 200 years 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. FM Global is rated 'A+' (Superior) by A.M. Best, 'AA' (Very Strong) by Fitch and A+ (Stable) from Standard & Poor's