Business property insurer FM Global said Vice Chairman Ruud Bosman will retire in November after 40 years with the company.
Upon Bosman’s retirement, several planned leadership changes will take place at FM Global. Jonathan Hall and Thomas Lawson, both executive vice president, will report to CEO Shivan Subramaniam. Hall, who oversees underwriting and reinsurance, claims, marketing and enterprise learning, and engineering and research divisions, will assume executive management responsibility for Affiliated FM, a member of the FM Global Group. Lawson, who is responsible for FM Global’s operations in North and South America, also will assume executive management responsibility for the company’s EMEA/Asia Pacific division.
The retiring Bosman joined FM Global in 1971 and was elected to its board of directors and named its vice chairman in 2009 where he had overall responsibility for all of FM Global’s operations, engineering, underwriting, marketing and claims activities around the world.
During his tenure with the company, Bosman has held a number of other senior level positions, including executive vice president; chairman and managing director of the company’s international operations; senior vice president, division manager; and vice president and manager of the company’s New York operations.
Established in 1835, Johnston, R.I.-based FM Global is a $4.7 billion mutual insurance company, owned and governed by its policyholders, which include more than one of every three FORTUNE 1000 companies and similar-sized organizations in more than 130 countries.