FM Global Debuts with Superior Best Rating

Commercial and industrial property insurer FM Global has received an A+ rating from A. M. Best.

The rating is the first A.M. Best has assigned to FM Global, which was formed by the merger last year of Factory Mutual System companies Allendale Insurance, Arkwright, Protection Mutual Insurance and their jointly-owned engineering and research affiliate Factory Mutual.

A.M. Best has indicated the merger "takes advantage of the strengths of the three previous Factory Mutual [System companies], combining their intellectual and economic capital, as well as their superior engineering and loss control expertise."

"The entire organization is dedicated to improving operating efficiencies…Cost savings are expected to be made through system enhancements, consolidation of field offices…and a more focused customer-centric approach. In addition, A.M. Best expects the group to post improvements in its loss ratio through effective loss prevention and engineering services, including new and enhanced risk management products."

With more than 165 years of experience, FM Global specializes in property protection. With 39 locations serving nearly 100 countries, FM Global employs more than 4,000 people.