FM Global retains AA rating from Fitch following A+ from Best

FM GLOBAL RETAINED a AA rating for financial strength from Fitch Ratings, following up on an earlier A+ rating for financial strength from A.M. Best.
FM GLOBAL RETAINED a AA rating for financial strength from Fitch Ratings, following up on an earlier A+ rating for financial strength from A.M. Best.

JOHNSTON – FM Global has retained its AA rating for financial strength from Fitch Ratings Inc., the commercial property insurer said on Thursday.
The company’s outlook, which includes subsidiaries FM Insurance Co. Ltd., and Affiliated FM Insurance Co., is rated “stable.”
Earlier this week, A.M. Best affirmed FM Global’s A+ (superior) financial-strength rating and “stable” outlook, a rating unchanged for more than a decade.
Commenting on FM Global’s performance for the first nine months of the year, Fitch said the company’s “long-term operating performance continues to be strong.” The AA rating, Fitch said, reflects the company’s “strong capital and long-term underwriting profitability, competitive advantages derived from the company’s engineering expertise and global presence in specialty commercial property insurance markets, as well as benefits drawn from the company’s mutual company status.”
Fitch added it “views the company’s engineering capabilities and loss-prevention services as key advantages that are difficult for competitors to replicate, and believes this expertise will result in future underwriting results that are consistently better than peers.”

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