Reinsurance News
FM Global
FM to support client investment in climate resilience with third ‘Resilience Credit’
24th October 2024
Commercial property insurer FM has announced the allocation of approximately a $400 million ‘Resilience Credit' to support client investment in climate resilience. With this third resilience credit, FM will have allocated more than $1 billion to help clients protect their operations from the increasing frequency of extreme weather over the last ... Read the full article
FM receives upgraded rating of AA- from S&P, post rebranding
11th October 2024
Commercial property insurer, FM Global which recently rebranded as FM, has received an upgrade in its financial strength rating to ‘AA-’ from ‘A+,’ by S&P Global Ratings, reflecting its ‘very strong’ competitive profile, innovative risk engineering expertise, supported by its innovative loss prevention solutions, and prominence in the large commercial ... Read the full article
FM Global 2023 financial performance drives record $1.4bn membership credit
9th May 2024
Commercial property insurer FM Global has announced a record US$1.4 billion membership credit for FM Global’s Client Owners. This is, according to the announcement, the firm’s largest-ever membership credit, which was driven by FM Global's strong financial performance in 2023. Malcolm Roberts, chairman and chief executive officer of FM Global, commented: “We ... Read the full article
FM Global President and CEO Roberts appointed Chair of the Board
22nd April 2024
Commercial property insurer FM Global has appointed Malcolm C. Roberts, the firm's current President and Chief Executive Officer (CEO), as Chair of the company's Board of Directors. The appointment is effective immediately, with Roberts succeeding Thomas A. Lawson, former President and CEO of FM Global, who has served as chair since ... Read the full article
2024 FM Global Resilience Index introduces 6 new risk factors
26th March 2024
FM Global, a commercial property insurer, has recently released its 2024 Resilience Index, highlighting the rapidly evolving nature of risks confronting global businesses with the addition of six new resilience factors. The FM Global Resilience index serves as a tool to safeguard and guide clients' businesses through a dynamic risk environment, ... Read the full article
FM Global names Tadmoury as Executive Vice President
7th November 2023
Commercial property insurer FM Global has named Ziad Alex S. Tadmoury as their new Executive Vice President. Tadmoury will be responsible for overseeing operations in the regions of EMEA, Asia Pacific, Canada, as well as FM Global's specialty industries. Additionally, he will take charge of AFM, the company's middle market insurance division. Tadmoury, ... Read the full article
FM Global offering $300m ‘resiliency credit’ to policyholders
8th August 2022
FM Global policyholders are to receive $300m in what the company calls a ‘first of its kind’ offering to be known as a ‘resilience credit’. According to the firm, the credit has the potential to help those organisations reduce total loss expectancies related to wind, flood, and wildfire exposure by more ... Read the full article
New filters added to the 2022 FM Global Resilience Index
13th June 2022
The 2022 FM Global Resilience Index has been released and updated with 15 economic, risk quality, and supply chain measures that offer insights into the vulnerabilities of a country’s business environment and its resilience. The interactive web tool has been enhanced with climate risks and environmental, social and governance (ESG) filters ... Read the full article
FM Global promotes Sanjay Chawla as EVP
31st January 2022
Commercial property insurer FM Global has appointed Sanjay Chawla as Executive Vice President, where he will oversee strategic corporate initiatives, including collaborating with an investment lens on the company’s environmental, social and governance priorities. Chawla joined the company in 2018 as Senior Vice President of Investments, and will continue to report ... Read the full article
FM Global announces senior leadership changes
3rd September 2021
Commercial property insurer FM Global, has announced changes within its senior leadership team. Lyndon Broad has been appointed senior vice president, chief underwriting officer and will manage the company’s underwriting and reinsurance functions. He previously was operations senior vice president of FM Global’s Boston operations. He succeeds Randall Hodge who was recently ... Read the full article
FM Global announces key leadership changes
4th August 2021
Commercial property insurer FM Global has made key changes to its executive management team. Bret Ahnell, executive vice president and a 34-year veteran of the company, has been named chief operating officer and will run insurance operations globally. Ahnell joined ... Read the full article
FM Global names Malcolm C. Roberts as President & CEO
9th July 2021
Commercial property insurer FM Global has appointed Malcolm C. Roberts as President and elected him to its board of directors. Roberts, who previously served as Executive Vice President, will also succeed Thomas A. Lawson as Chief Executive Officer, effective Jan. 1, 2022. Roberts joined the mutual insurance company in 1995 as a ... Read the full article
Singapore surpasses HK as most resilient Asian economy: FM Global
26th May 2021
The 2021 edition of the FM Global Resilience Index shows that Singapore has surpassed Hong Kong as Asia’s most economically resilient country, while the gap between the most and least resilient regions continued to grow. FM Global expressed some concern over this widening divide as economies seek to recover and adapt ... Read the full article
FM Global appoints Alonso as SVP, division manager of AFM
20th January 2020
Commercial property insurer FM Global has appointed Gerry L. Alonso as senior vice president, division manager of AFM. AFM specialises in insuring middle market clients and recently announced the appointment of James Galloway as an Executive Vice President tasked with overseeing the firm’s international operations. Alonso currently serves as FM Global’s ... Read the full article
Galloway takes oversight of FM Global’s international operations & AFM
17th January 2020
Large commercial property insurer, FM Global, has announced the hiring of James Galloway as an Executive Vice President (EVP), tasked with overseeing the firm's international operations and AFM, a unit which provides commercial property cover for the middle market. Galloway succeeds Chris Johnson, who is set to leave the company after ... Read the full article
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