JOHNSTON, R.I., USA—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.”

The rating agency also noted that “FM Global’s capital position is very strong…primarily due to positive underwriting results and realized investment gains.” Additionally, “the company has no outstanding debt, which Fitch regards as a positive credit factor relative to other ‘AA’-rated companies.” Fitch added that it believes “FM Global’s high-quality fixed-income portfolio provides ample liquidity to meet its policyholder obligations.”

The rating also applies to the company’s affiliates, including FM Insurance Europe S.A., Risk Engineering Insurance Company Limited, FM Insurance Company Limited, FM Global de Mexico, S.A. de C.V., Appalachian Insurance Company and Affiliated FM Insurance Company.

FM Global is also rated ‘A+’ (Superior) by AM Best and ‘A+’ by S&P Global Ratings.


About FM Global
Established nearly 200 years ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every three Fortune 1000 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

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