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From FM Global

Asia remains vulnerable to significant business disruption according to the newly released 2021 FM Global Resilience Index, the definitive global ranking of countries and territories by the resilience of their business environments. This year’s index demonstrates the relative difference between the region’s economies, where resilient countries like Singapore are becoming more so, widening the gap to less resilient regional neighbours and creating cause for concern as economies seek to recover and adapt multi-market supply chains and pursue opportunities for growth.

Deadly virus mutations, record hurricanes, historic wildfires, and a beached cargo ship: Though unexpected, all were known business risks that would have been worse if complicated by yet another surprise—a serious earthquake. The ever-present risk of earthquakes, which on average causes nearly US$40 billion in direct economic loss every year, is why FM Global, one of the world’s largest commercial property insurers, today released the world’s most comprehensive global earthquake risk map.

Colin Day, chairman of Premier Foods plc, one of Britain’s largest food manufacturers, has been elected to the board of directors of commercial property insurer FM Global. FM Global’s board comprises executives from the world’s most sophisticated manufacturing, distribution and service organizations. Day previously served on FM Global’s board when he was chief executive of Essentra plc.