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From FM Global

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.

FM Global, one of the world’s largest commercial property insurers, has received an A+ (Superior) financial strength rating affirmation with a “stable” outlook from AM Best. The rating also applies to the company’s affiliates, including Affiliated FM Insurance Company (AFM), FM Insurance Company Limited, FM Insurance Europe S.A. and Appalachian Insurance Company.

Fitch has affirmed commercial property insurer FM Global’s ‘AA’ (Very Strong) financial strength rating with a “stable” outlook. According to Fitch, “the ratings affirmation reflects FM Global's long-term underwriting profitability, very strong capitalization and competitive advantages derived from the company's engineering expertise and global presence in specialty commercial property insurance markets, as well as benefits drawn from the company's mutual company status.”