FM Global is AA Rated

Latest from FM Global, who have more than respectable ratings news;

FM Global, one of the world’s largest commercial property insurers and a leader in loss prevention and business continuity, today announced it has been rated AA and A+ by two of the world’s leading rating agencies.

Fitch has affirmed FM Global as AA (very strong) and its rating outlook as stable, reflecting the “long-term underwriting profitability, very strong capitalisation and the competitive advantages derived from the company’s engineering expertise and global presence in specialty commercial property markets, as well as benefits drawn from the company’s mutual company status.”

This follows an upward revision of FM Global’s outlook from stable to positive by S&P Global, which affirmed an A+ financial strength rating. The update pointed out “improved results, favourable performance relative to peers and extremely strong capitalisation when considering capacity to absorb extraordinary losses.” According to S&P Global, “The positive outlook also recognises our view of the company’s very strong competitive profile, supported by its innovative loss prevention solutions and prominence in the large commercial property market.”