Factory Mutual (FM) Global

    commercial and industrial property insurance

    Headquarters: 270 Central Avenue, Johnston, RI 02919
    www.fmglobal.com

    2009 Total gross premium in force: $4.7 million

    Key officers: Shivan S. Subramaniam, Chairman & Chief Executive Officer, Rudd H. Bosman, Vice Chairman

    As its name suggest, Factory Mutual (FM) extends its property and casualty insurance lines to various commercial and industrial organizations around the world. With offices in the United States, Canada, Australia, Europe, South America, and Asia, the company’s business groups also specialize in loss prevention, risk management services, and tailored insurance plans for both boiler and machinery and ocean cargo.

    Some quick facts about FM Global:

    FM Global traces its roots back to 1835 when its founder, a well-known textile mill owner, started a single mutual insurance company. This eventually allied with other mutual insurance companies and the Associated Factory Mutual Fire Insurance Companies, or Factory Mutual for short, was established.

    The company recently received an “A+” (superior) rating from A.M. Best.

    The FM Global Foundation donated more than $21 million to hospitals, civic, educational, and cultural organizations, and the United Way over the past 10 years.

    Source: Fmglobal.com, Hoovers.com


    Compiled by Life Quotes, Inc. staff

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