In the News

In this interview with Insurance Business Asia, Pankaj Thareja, cyber security consultant at FM Global, talked about the importance of cyber resilience for businesses, and how risk assessments can help them mitigate their cyber vulnerabilities.

Critical equipment failure is one of the most worrying risks for businesses, being listed as a major concern by 94% of Fortune 500-size companies, according to a survey by FM Global. In order to prevent equipment breakdown risks, companies must recognize the business value of preventative maintenance measures, according to Tan Hian Hong, vice president, client service manager, Asia, at FM Global.

The risks of critical equipment failure and a cyber-attack on industrial control systems are major concerns for 94 percent and 84 percent of Fortune 500-size companies, respectively. That’s according to a new survey of 200 business leaders with companywide responsibility for overseeing equipment operations or equipment risk, commissioned by FM Global, one of the world’s largest commercial property insurers.

In this article, Chan Kai Foo, Assistant Vice President, Senior Engineering Specialist, Asia of FM Global, discusses how Singapore parliament’s recent strengthening of a Fire Safety Code on commercial and industrial buildings is a timely reminder of the risks fires pose to businesses, and how they can build resilience by embracing a fire safety culture.

The big challenge in climate change is to figure out what natural hazards are changing, and which ones will stay the same. Due to the potential for significant costs, this becomes a highly technical decision, said FM Global VP and Manager of Research Dr Louis Gritzo.

According to FM Global, the five cities in Southeast Asia most vulnerable to rising sea levels are Bangkok, Manila, George Town (Penang), Ho Chi Minh City and Singapore. This article discusses why Southeast Asia may be adversely affected by the impacts of climate change, and what is needed to mitigate the threat.

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In this article on Asia Insurance Review, Tan Hian Hong, Vice President, Client Service Manager, Asia, discusses how the emergence of predictive analytics has enabled FM Global to help clients make more informed decisions and improve their business resilience. 

FM Global announced that its long-standing executive Ziad Alex S. Tadmoury will move to Singapore to serve as senior vice president, Asia Pacific division manager. Tadmoury has had a long tenure with the top commercial property specialist, serving in American and European markets in varied roles. His most recent role with the company was as operations senior vice president, manager, compliance and real estate in Rhode Island.

FM Global is making several changes to its regional leadership in preparation for the forthcoming retirement of Stefano Tranquillo, the company’s senior vice president, division manager EMEA/Asia Pacific. Ziad Alex S. Tadmoury was named senior vice president, Asia-Pacific division manager, based in Singapore. He served as operations senior vice president, manager, compliance and real estate at FM Global’s corporate offices in Rhode Island, USA.

FM Global has made several senior leadership appointments following the forthcoming retirement of senior vice president and EMEA/Asia Pacific division manager Stefano Tranquillo. In Asia Pacific, Mr Ziad Alex Tadmoury has been appointed senior vice president and Asia Pacific division manager. Currently based in Singapore, Mr Tadmoury started with the company 29 years ago working in claims and reinsurance.