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FM Global, as well as its affiliates, FM Insurance Europe, FM Insurance Company, and Affiliated FM Insurance Company, have been issued an A+ (Superior) financial strength rating affirmation with a stable outlook by A.M. Best.
The global ratings agency said the positive ratings action was due to FM Global's exceptional balance-sheet strength, strong operating performance, favorable business profile, and appropriate enterprise risk management.
A.M. Best also said the global commercial and industrial property insurer “has generated above-average underwriting performance—a direct by-product of its extensive risk management” and “best-in-class loss control and prevention methods.”
The agency also noted that FM Global possesses “a distinct competitive advantage over most insurers by virtue of its professional property engineering expertise… loss prevention services, training, and research” led by “a strong and experienced management team that has plenty of depth.”
