One of the world’s largest commercial and industrial property insurers today announced that it has appointed a new president, effective August 1.
Executive Vice President Thomas A. Lawson will be president and elected to the board of directors of
FM Global at the beginning of next month, eventually succeeding Shivan S. Subramaniam as chief executive officer, effective January 1, 2015.
In addition, Executive Vice President Jonathan W. Hall, who joined FM Global in 1980, has been named chief operating officer, also effective August 1, and will oversee FM Global’s insurance operations and insurance staff functions.
“I have worked with Tom and Jon for nearly 16 years and have the utmost respect for the countless contributions they have made to help our policyholder-owners be more resilient,” said Subramaniam. “Their vast experience, leadership and deep understanding of our clients’ complex needs, combined with FM Global’s timeless business model, will ensure the continued success we share with our policyholders.”
Lawson joined the mutual insurance company in 1979 and was appointed in 2009 to his current position. As president, he will be responsible for the strategic and operational direction of the company, which insures nearly US$9 trillion in business property in more than 130 countries.
Subramaniam will retire after 40 years with the company and will remain chairman of FM Global’s board of directors. He was named CEO in 1999. Since that time, Subramaniam has helped the company grow from US$1 billion to US$5.6 billion in annual revenue.
