Business Excellence Awards
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By Michael Souza
PBN Staff Writer
JOHNSTON – Global Finance magazine has named FM Global of Johnston as the “World’s Best Supply Chain Risk Insurance Provider.”
“Backed by 177 years of experience and an engineering staff with a deep knowledge of risk,” said the magazine, “FM Global is an industry winner when it comes to helping multinationals insure their supply chains.”
“Today it has more than 1,800 loss prevention engineers working with clients in more than 130 countries,” continued the magazine’s brief description. “The mutual insurance company was backed by nearly $7 billion in policyholder surplus at year-end 2011. FM Global offers its clients extended supply chain risk insurance coverage for events that cannot be averted. This envelops not only an insured's direct suppliers and customers but also suppliers and customers up and down the supply chain.”
The magazine’s editorial team sought input from industry analysts, corporate executives and technology experts during the selection process and considered factors such as market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.
FM Global is one of the world’s largest business property insurers. Its clients include more than one of every three FORTUNE 1000 companies and similar-sized organizations in more than 130 countries.