Latest FM Global Headlines
All the headlines from our FM Global Topic Page, ordered by recency.
FM Global in Rhode Island Appoints Manager of Broker Relations
Nov 21 2013 // Johnston, R.I.-based FM Global appointed Randall Schreitmueller as vice president, manager of broker relations, a newly created position at the company.Randall SchreitmuellerSchreitmueller is responsible for championing...
Mississippi Shipbuilder, Insurer Settle on $180M for Katrina Damages
Sep 12 2013 // Huntington Ingalls Industries and its insurer have reached cash settlement for $180 million for the shipbuilder’s losses from Hurricane Katrina in 2005 at facilities in Pascagoula and Avondale, La. The Mississippi...
FM Global Advises Property Owners to Be Proactive, Address Vulnerabilities
Aug 22 2013 // Business property insurer FM Global is urging property owners to take active measures now to help prevent potential storm losses as the peak of hurricane season approaches. “A big lesson from Hurricane Sandy is that...
FM Global: 1,900 Clients to Receive ‘Membership Credit’ to Lower Premium
May 13 2013 // Johnston, R.I.-based FM Global, one of the world’s largest business property insurers, said its policyholders will collectively receive an estimated $435 million in premium reductions when they renew their policies...
FM Global Swings to $774M Net Profit for Full-Year 2012
Mar 20 2013 // Johnston, R.I.-based FM Global, one of the world’s largest business property insurers, announced $774 million net income for the full-year 2012. That compares favorably to a net loss of $41.5 million during the...
Ratings Recap: Casiopea Re, FM (UK), Jamaica Int’l., Salama, BEST RE
Sep 24 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Luxembourg-based Casiopea Re S.A., the reinsurance...
Best Affirms Factory Mutual and Subs ‘A+’ Ratings; Outlook Stable
Sep 21 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘”aa” of Factory Mutual Insurance Company and its subsidiaries, Appalachian...
FM Global Names 3 Senior Vice Presidents in Rhode Island
May 31 2012 // Johnston, R.I.-headquartered FM Global, one of the world’s largest business property insurers, announced a number of changes to its management team, effective June 1. Chris Johnson, senior vice president of marketing...
Costly Natural Disasters Behind FM Global’s 2011 Net Loss
Mar 27 2012 // Rhode Island-based business property insurer FM Global said Monday it had a net loss of $41.5 million for 2011 — a stark contrast to $686.6 million profit the insurer had in 2010. FM Global, which was one of the last...
R.I.-Based FM Global Appoints Senior Vice President
Jan 6 2012 // Business property insurer FM Global appointed Rod Fisher as senior vice president of underwriting and reinsurance. Rod Fisher In his new role, based at the company’s Johnston, R.I., headquarters, Fisher will be...
Natural Disaster in China Would Severely Disrupt Global Supply Chains
Dec 7 2011 // A natural catastrophe in China on the scale of the 2011 Japan earthquake and tsunami would have an even more severe impact on supply chains, given China’s critical role in global manufacturing. That is according to a...
Ratings Recap: FM Global (UK), Tapiola
Sep 26 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of ‘aa’ of UK-based FM Insurance Company Limited (FMI). The...
Best Affirms FM Global Group and Members ‘A+’ Ratings
Sep 26 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of FM Global Group (FM Global) and its members, which includes the lead...
R.I.-Based FM Global Vice Chairman Bosman to Retire After 40 Years
Sep 19 2011 // Business property insurer FM Global said Vice Chairman Ruud Bosman will retire in November after 40 years with the company. Upon Bosman’s retirement, several planned leadership changes will take place at FM Global....
Catastrophes Issue Wake Up Call on Supply Chain Risks
May 24 2011 // The Japanese earthquake and tsunami that occurred in March 2011 served as a wake up call of sorts for businesses vulnerable to supply chain exposures. Subsequent intense weather events in the United States during April and...
Best Affirms FM Global Group’s ‘A+’ Ratings; Outlook Stable
Oct 5 2010 // A.M. Best Co. has affirmed the financial strength ratings of ‘A+’ (Superior) and issuer credit ratings of “aa” of FM Global Group and its lead company, Factory Mutual Insurance Company, and its...
People
Nov 2 2008 // Tonya I. Sylvester has been named a sales executive at Rogers & Gray Insurance Agency Inc. of Massachusetts. Sylvester will specialize in personal lines sales, and work out of the agency’s Canton and Plymouth...
Port of New Orleans Settles With Insurer Over Katrina Damage
Oct 6 2008 // The Port of New Orleans approved a $97.5 million settlement with a major insurer over damages the port sustained during Hurricane Katrina. The port said Johnston, R.I.-based FM Global had insured it for up to $145 million...
R.I.-Based Commercial Insurer FM Global Revamps Top Management
Oct 2 2008 // FM Global, one of the world’s largest commercial property insurers, has made numerous promotions and reassignments within its senior management team that are to become effective Jan. 1, 2009. Brian J. Hurley,...
FM Global: Companies Exposed but Underprepared for Natural Disasters
Aug 8 2008 // Most of the largest corporations in North America are exposed to natural disasters, but many are not well-prepared for such catastrophes and are not overly concerned about the potential business impact, according to a new...
