FM Global named world’s best supply-chain risk insurer

Global Finance magazine has named commercial property insurer FM Global the “World’s Best Supply Chain Risk Insurance Provider” for a third consecutive year. More

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FM Global named world’s best supply-chain risk insurer

FM GLOBAL HAS been named the “World’s Best Supply Chain Risk Insurance Provider” in recognition of its high level of talent and multinational customer service.
Posted 7/24/14

JOHNSTON – Global Finance magazine has named commercial property insurer FM Global the “World’s Best Supply Chain Risk Insurance Provider” for a third consecutive year.

The magazine’s editorial team selected companies for the annual ranking based on factors such as market share and global coverage, product innovation, customer service, technology and execution skills, with input from industry analysts, corporate executives and technology experts.

“FM Global relies on a deep pool of engineering talent to help multinationals manage supply-chain risks,” wrote Global Finance in the 2014 listing. The insurer “uses a network of more than 1,800 loss prevention engineers to guide clients in more than 130 countries … and ended 2013 with $9.7 billion in policyholder surplus.”

In previous years, Global Finance has cited FM Global’s online toolkit and services, 177 years of risk-prevention experience, and comprehensive supplier and customer insurance coverage in selecting the Johnston-based insurer for its top ranking.

The Global Finance recognition follows several other awards recently presented to FM Global, including a Well Deserved Award from UnitedHealthcare for the company’s worksite wellness programs and a place as a finalist in the Providence Business News 2014 Healthiest Employers program.

One of the world’s largest commercial and industrial property insurers, FM Global had 2013 net income of $1.02 billion, a 31.9 percent increase over $774.4 million in 2012.

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