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Wednesday, 26 February

When a Poor Rating is Above Standard

Commercial and industrial property insurer FM Global has received an ‘A+’ financial strength and counterparty credit rating.

The status was further confirmed with a ‘stable’ outlook from Standard & Poor’s (S&P) Rating Services.

This first ever interactive S&P rating assignment to FM Global also applies to the company’s affiliates – Affiliated FM Insurance Company and FM Insurance Company.

S&P indicated the rating reflects its view of FM Global’s ‘very strong business risk profile and strong financial risk profile, based on the company’s market leading competitive position in the large commercial property segment and extremely strong capital and earnings’.

The ratings organisation went on to note that FM Global ‘works diligently with its insureds [sic] to help foster best-in-class loss-prevention plans. FM Global’s highly regarded reputation for using its engineering expertise to assess client risks to help prevent and mitigate loss gives it a significant commercial advantage over competitors.’

Further praise went to what was seen as a significant competitive property insurance capacity that offered best-in-class products and services that kept pace with policyholder/owner needs.

 

Picture: FM Global has scored highly with its service to clients, according to the latest rating from Standard & Poor.

Article written by Robin Snow

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