Updated November 28 at 6:25pm

Enter your email to receive Providence Business News' e-newsletters
and breaking news alerts.  


FM Global retains strong, stable rating


JOHNSTON – For the seventh consecutive year, FM Global has received a “very strong” AA financial strength rating by Fitch Ratings and been given a “stable” rating outlook.

According to Fitch, the rating is reflective of the company’s strong capital and long-term underwriting profitability, competitive advantages from the company’s engineering expertise and a global presence in specialty commercial property insurance markets. FM Global is a worldwide commercial and industrial property insurer based in Johnston.

In issuing the rating, Fitch noted that the company has remained strong and its performance continues to maintain a favorable long-term underwriting performance due to the company’s ability to incorporate engineering expertise into the risk selection and underwriting processes. In addition, the company’s engineering capabilities and loss prevention services were identified as key advantages that are difficult for competitors to replicate. According to Fitch, this advantage and expertise repeatedly results in underwriting results that are consistently better than other insurers.


No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News