FM Global retains A+ rating from S&P

JOHNSTON – FM Global has retained a rating of A+ (superior) with a stable outlook from Standard & Poor’s Rating Services.
FM Global, a commercial and industrial property insurer, issued a news release about the rating, which it was assigned in 2014.
FM Global “has a very strong competitive position, which is supported by its highly regarded reputation for assessing risk to prevent and mitigate loss as well as its notable market presence in the large commercial property segments,” according to S&P.

The ratings organization noted the “significant breadth and depth” of FM Global’s management team and said the company’s “mutual ownership structure provides flexibility and allows for a long-term, strategic view of risk.”
“FM Global’s extremely strong capital adequacy and strong operating results also allow the group to absorb catastrophe losses and financial market volatility, which we view as a key factor to the ratings,” S&P said.

S&P also said “FM Global’s highly regarded reputation for using its engineering expertise in assessing client risks to help prevent and mitigate loss gives it a significant commercial advantage over competitors.”

In October, FM Global retained its AA rating for financial strength and stable outlook from Fitch Ratings Inc. That month A.M. Best also affirmed FM Global’s A+ financial-strength rating and stable outlook, a rating unchanged for more than a decade.

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