News Releases

In the latest financial reports available to us the industry premium pool reported higher than expected premium growth. In light of a larger market size, FM Global have estimated that to meet the funding obligations to the fire and emergency services a rate of 27% will need to be applied to all assessable NSW premium effective 30 MAR 2020.

In light of a bigger premium pool base, FM Global have estimated that to meet the funding obligations to the fire and emergency services a rate of 29% will need to be applied to all assessable NSW premium effective 15 FEB 2020. We expect a rate rise effective 30 JUN 2020 largely driven by the significant increase to the brigade budget for 2020/21.

FM Global’s Lynette Schultheis, senior vice president, Australia operations manager, has been named to Insurance Business magazine’s ‘2020 Global 100’ list, which acknowledges “the very best the industry has to offer.”

FM Global has opened a US$16 million Electrical Hazards and Gas Detection Laboratory at its world renowned Research Campus in West Glocester, R.I., USA. Fireballs, explosions, combustible and toxic gas leaks and short circuits - industrial property hazards that can derail a business - are now daily occurrences inside of the specialized laboratory.

FM Global, one of the world’s largest commercial property insurers, has appointed Sonserae Toles as vice president, inclusion, a new role at the company.

S&P Global Ratings has affirmed FM Global’s ‘A+’ financial strength rating and “Stable” outlook, remarking on the insurer’s “long-standing position as the global leader in commercial property insurance.”

FM Global, one of the world’s largest commercial and industrial property insurers, has made several senior leadership appointments.

A new first-of-its-kind analysis links hurricane damage to a loss in shareholder value and, conversely, property protection to value preservation, according to research commissioned by FM Global, one of the world’s largest commercial property insurers.

For a second consecutive year, FM Global, one of the world’s largest commercial and industrial property insurers, has won a Mansfield Award for excellence in corporate property insurance claims service in the Australian market.

When natural disaster catches a company under-prepared, the chief financial officer is increasingly on the hot seat to break the bad financial news to shareholders and investors.