Fitch boosts FM Global’s rating

Fitch Ratings upgraded FM Global’s financial strength in February from ‘AA-‘ to ‘AA’ (a “Very Strong” rating).

Heightened confidence in FM Global’s underwriting performance, surplus growth, and the Company’s engineering expertise and ability to mitigate and absorb volatility prompted Fitch to assign the commercial and industrial property insurer a “Stable” rating outlook.

According to Fitch, FM Global’s favorable underwriting performance is largely a result of the incorporation of the company’s engineering expertise into its risk selection and underwriting processes. Fitch said it views FM Global’s engineering capabilities as a key competitive advantage; it is confident its engineering expertise “will result in sustainable underwriting results that are better than [FM Global’s] peers.”