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 full-year 2011 — the year when the …
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 Insurance Company and Affiliated FM Insurance Company. In a separate announcement …
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 and enterprise learning, will become senior vice president–Asia Pacific, …
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 …
Business property insurer FM Global appointed Rod Fisher as senior vice president of underwriting and reinsurance. In his new role, based at the company’s Johnston, R.I., headquarters, Fisher will be responsible for the company’s overall underwriting and reinsurance functions. Previously, …
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 study commissioned by …
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 company, Factory Mutual Insurance Company and its …
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. Jonathan Hall and Thomas Lawson, both executive …
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 May have underscored the …
