In the News

After more than 30 years in the industry – including lengthy stints in both the US and the UK – FM Global exec Lynette Schultheis is easily among the most experienced insurance professionals currently operating in the Australian market.

Research from insurance giant FM Global has found that the risk of equipment failure has been rising in recent years – and it seems there’s no sign of it stopping in the near future. According to a new study from the international insurer, equipment failure is a ‘top concern’ for 70% of large organisations and a ‘high concern’ for a further 24%.

The Insurance Business Global 100, published for the first time this year, features professionals from Australia, the US, Canada, New Zealand, Asia and the UK. Twenty local insurance professionals have been included among a global list of movers and shakers after Insurance Business tapped into six international markets to create the impressive line-up.

Insurance Business is the industry’s one true global publication reaching six different markets to bring insurance brokers, insurers, underwriters and other industry professionals insights from some of the biggest names the sector has to offer. Leaning on this unique perspective, they have put together what they believe is the ultimate list of the industry’s finest with the first annual Insurance Business Global 100.

Ziad Alex Tadmoury relocated to Singapore in August, taking on the role of APAC division manager for FM Global. An insurance veteran with more than 30 years’ experience, he describes the Asia-Pacific market as particularly interesting “the macro-economics of the Asia-Pacific region make this a very different and exciting market”.

To push the boundaries of electrical hazard testing, commercial P&C insurer FM Global has opened a $16 million new testing facility.

Commercial property insurer FM Global has appointed Sonserae Toles as vice president for inclusion. In this newly created role, Toles will be responsible for providing leadership for diversity and inclusion-based efforts globally.

One of the world’s largest commercial and industrial property insurers has announced several appointments in Asia Pacific, EMEA, and Atlanta.

The Cost of Cyber Crime Study says the utilities and banking industries continue to have the highest cost of cybercrime with an increase of 11 per cent and 16 per cent respectively and FM Global has seen many such cases.

Brokers can now present their clients with yet another business case for weather protection measures after research commissioned by FM Global linked hurricane damage to a drop in shareholder value.