Reinsurance News
FM Global
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
Every $1 spent on hurricane protection saves $105: FM Global
20th July 2018
Commercial and industrial property insurer FM Global has calculated that for every $1 spent on hurricane protection, businesses reduce loss exposure by an average of $105. The insurer analysed data on 1,800 client organisations for the past decade, tallying an estimate for over 10,000 wind and flood related investments and their ... Read the full article
FM Global appoints Randy Hodge to Senior Vice President of underwriting & reinsurance
6th December 2017
Commercial and industrial property insurer, FM Global, has appointed Randy Hodge to Senior Vice President of underwriting and reinsurance. In his new role, Hodge will be based in FM Global's corporate offices in Johnston, R.I. Bret Ahnell, FM Global executive vice president, said; “Randy’s proven leadership abilities and more than 27 ... Read the full article
FM Global reshuffles EMEA/Asia-Pacific leadership
27th July 2017
Commercial property insurer, FM Global, has announced some changes to its management team, including the appointment of Stefano Tranquillo to Senior Vice President (SVP), Division Manager, EMEA/Asia-Pacific. Previously, Tranquillo was SVP, Division Manager for just the Asia-Pacific, based in Singapore, but the addition of the EMEA region sees Tranquillo move to the firm's Luxembourg office. Tranquillo ... Read the full article