For a third consecutive year, a commercial and industrial property insurer cited as an “industry leader,” with “strong operating results,” “significant global presence,” and “best-in-class loss prevention services”: had its credit ratings affirmed by a global ratings agency.
S&P Global Ratings has affirmed the “A+” financial strength rating and “Stable” outlook for
FM Global, as well as for its middle market affiliate AFM and UK-based subsidiary FM Insurance Company Limited.
The company had its ratings affirmed due to its “mutual ownership structure allowing for a long-term strategic view of risk, as well as its “positive reputation, significant market presence, and overall positive operating results.” It has also been noted for “its engineering expertise in assessing client risks to help prevent and mitigate losses, fostering a significant commercial advantage over competitors.”
According to S&P, FM Global “offers best-in-class products and services that keep pace with the needs of its policyholders and owners,” as it “utilizes (its) state-of-the-art research campus to replicate potential property hazards and develop risk mitigation strategies.”
The ratings agency also noted industry surveys that recognise the insurer as “the world’s leading provider of large commercial property coverage.”
FM Global is rated “A+” (Superior) by A.M. Best and “AA” (Very Strong) by Fitch.
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