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Hartford, Connecticut
Founded
1835
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FM to expand into 50,000 square feet of space in Providence Rhode Island. FM to expand into 50,000 square feet of space in Providence Rhode Island.Providence, Rhode Island — According to state and local development sources, FM plans to build out 50,000 square feet of new space in Providence. The company plans to occupy the new space in Providence, on or about June 1, 2025. According to the company website FM is one of the worlds largest commercial property insurers. For nearly two centuries, businesses have trusted us to deliver comprehensive risk assessments, develop robust property insurance plans, and foster engineering-based solutions that help protect them against fire, natural disasters, and more. We provide over one-third of all Fortune 1000 companies with data-backed risk management solutions that allow them to prepare and prosper
New partnership builds on FM's existing programs with the LPGA Tour and TGL's Boston Common GolfJOHNSTON, R.I., Jan. 27, 2025 /PRNewswire/ -- Commercial property insurer FM today announced a strategic partnership with PGA TOUR star Rory McIlroy. The multi-year agreement, which launches in February, includes an extension to FM's existing partnership with Boston Common Golf."Rory and FM share a commitment to achieving excellence and rely on our technical expertise to provide leadership in our respective fields," said Malcolm Roberts, chairman and chief executive officer of FM. "Rory's global recognition makes him the perfect partner for FM as we deliver new products and solutions and bring the power of resilience to new territories globally. We look forward to working with Rory and his team to support his continued success in 2025 and beyond."Through the partnership, McIlroy will host and support several unique client experiences with FM each year. He will also display FM's logo on his golf bag at select tournaments
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/PRNewswire/ -- Commercial property insurer FM today announced its third resilience credit, bringing the total allocation to more than US$1 billion since the...
Commercial property insurer FM Global has rebranded as FM and has unveiled a new logo and tagline.
FM Global launches renewable energy unit.
JOHNSTON, R.I., May 2, 2024 /PRNewswire/ -- Commercial property insurer FM Global today announced its largest-ever membership credit of approximately US$1.4 billion, driven by the company's strong financial performance in 2023, as detailed in its 2023 Annual Report."We are extremely proud to share our success in 2023 with our clients," said Malcolm Roberts, chairman and chief executive officer of FM Global. "Our record membership credit is a testament to the strong partnerships we have with our clients and our work together to mitigate risk and minimize losses. In 2023, our clients reduced loss expectancies associated with property risk by an estimated US$855 billion – a vital component to our mutual financial success."Roberts added: "Our mutual company structure and financial strength allow us to give back to our client owners, and with today's announcement, we will have returned more than US$2.2 billion through our membership credit program over the last two years and US$6.5 billion since 2001."In recognition of FM Global's 25th year as a merged company, FM Global included two special one-off enhancements this year. First, clients with 25 or more years of tenure will be eligible for a credit of 25%. Second, the company increased the credit percent for all other eligible clients by at least 25%.FM Global's 2024/2025 membership credit includes the following distribution structure:Clients with fewer than five consecutive years will be eligible for a 7.5% credit.Clients with at least five consecutive years but fewer than 20 will be eligible for a 12.5% credit.Clients with at least 20 consecutive years will be eligible for a 20% credit.Clients with at least 25 consecutive years will be eligible for a 25% credit.A detailed overview of the 2024/2025 membership credit plan – including eligibility, timing and basis for calculations – is available here. The amount an eligible policyholder will receive will be based on the client's premium and tenure; the credit will be applied as an offset against premium at a client's renewal or anniversary date.In addition to the membership credit, in 2023 FM Global announced its second consecutive resilience credit to support client investment in climate resilience solutions
FM Global has promoted Johnell Holly (pictured) to the position of senior vice president in charge of global client services, sales, broker relations, marketing, and the commercial property insurer's business risk consulting group.
Commercial property insurer FM Global has named Johnell Holly as Senior Vice President (SVP), where he takes on oversight of global client services, sales, broker relations, marketing and the insurer's business risk consulting group.
JOHNSTON, R.I., April 11, 2024 /PRNewswire/ -- Commercial property insurer FM Global today announced that FM Global President and Chief Executive Officer Malcolm C. Roberts has been appointed chair of the board by the company's board of directors. The appointment is effective immediately. Roberts succeeds Thomas A. Lawson, former president and CEO of FM Global, who has served as chair since 2018.Roberts joined FM Global in 1995 as a loss prevention consultant in London after working as a chemical engineer. He has held a variety of management roles within the company across the globe