What is fm global

Overview

FM Global, formally known as Factory Mutual Insurance Company, is a leading mutual property and casualty insurance provider serving large industrial and commercial clients worldwide. The company specializes in protecting complex, high-value properties against physical damage, business interruption, and supply chain losses. FM Global combines insurance underwriting with engineering expertise to help clients manage risks proactively.

Company History and Structure

Founded in 1835, FM Global evolved from Factory Mutual Fire Insurance Company into a global insurance organization. As a mutual insurance company, FM Global is owned by its policyholders rather than external shareholders, aligning company interests with customer interests. The company operates in over 100 countries with offices across North America, Europe, Asia, and Latin America.

Core Business Lines

• Property Insurance: Coverage for buildings, equipment, and inventory against fire, wind, flood, and other perils
• Business Interruption Insurance: Protection against lost revenue from production stoppages
• Supply Chain Insurance: Coverage for disruptions in supplier networks and logistics
• Contingency Insurance: Protection for extra expenses during property recovery
• Equipment Breakdown: Coverage for machinery and mechanical system failures

Loss Control and Engineering Services

FM Global distinguishes itself through comprehensive loss control programs. The company employs property engineers who assess client facilities, identify risks, and recommend protective measures. Services include fire protection system design, earthquake risk analysis, flood mitigation planning, and business continuity consulting. This engineering-centric approach reduces claim frequency and severity, benefiting both insurer and insured.

Industry Specialization

FM Global maintains expertise across specific industries. They insure automotive manufacturing plants, pharmaceutical facilities, semiconductor fabrication plants, petrochemical complexes, and technology data centers. Specialized industry knowledge enables FM Global to understand unique risks and provide tailored coverage solutions. The company's selective underwriting approach maintains superior loss ratios compared to industry averages.