FM Global News

FM Global Gets License in Luxembourg to Launch Post-Brexit EU Hub

U.S. commercial property insurer FM Global has been approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain’s decision to leave the bloc, the company said …

FM Global Includes Top 3 Business Risks in Global Resilience Index

FM Global has expanded its Global Resilience Index to include insights around three of the top risks facing businesses: cyber attack, natural hazards and supply chain failure. The interactive, online index ranks 130 countries and territories by their enterprise resilience …

FM Global Promotes Kelly to VP Diversity & Int’l Human Resources

Commercial property insurer FM Global announced the promotion of Angela Kelly to vice president, diversity and international human resources. Kelly, a 23-year veteran of the company, will have overall responsibility for leading the company’s worldwide efforts to support workplace diversity …

FM Global Appoints 3 Senior Leaders to New Positions

Commercial and industrial property insurer FM Global has moved three of its seasoned leaders to new roles. Michael C. Lebovitz, senior vice president at middle market property insurer AFM, a member of the FM Global Group, has been named FM …

FM Global Chooses Luxembourg as Post-Brexit EU HQ

U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned $5.5 billion in gross premium last year, …

FM Global Creates Global Flood Map to Help Businesses Manage Flood Risk

With flooding on the rise around the world, Johnston, R.I.-based FM Global said it has created an interactive Global Flood Map to help companies manage this increasing and potentially costly risk. The Global Flood Map provides business executives with a …

FM Global Explores Next-Generation Fire Sprinklers

Warehouses, served by increasingly powerful automated materials-handling equipment, are steadily getting taller, posing new fire risks and stressing traditional fire protection systems like heat-triggered ceiling sprinklers. That’s why Rhode Island-based FM Global, one of the world’s largest commercial property insurers, …

FM Global Enhances Cyber Coverage With Cyber-Related Loss Endorsement

FM Global, a global commercial property insurer, has launched a new endorsement to its all-risk FM Global Advantage policy – Cyber Optimal Recovery – to help maximize a client’s recovery from a cyber-related loss. Designed for clients that have—or intend …

FM Global’s Clients to Receive $465M Membership Credit

Johnston, Rhode Island-based commercial and industrial property insurer FM Global said its clients will collectively receive an estimated $465 million in premium credit when they renew their policies between June 30, 2016, and June 29, 2017. FM Global said the …

Boston Mayor: City Made Significant Strides in Preparing for Climate Change

Boston has made significant strides in preparing for major natural disasters, rising sea levels and other impacts to the ever-changing climate, Mayor Martin Walsh said on the two-year anniversary of Superstorm Sandy. Speaking at the Architecture Boston Expo at the …