The “AA-” insurer FSR on Factory Mutual Insurance Company (FM Global) was affirmed by Fitch.
Also, Fitch assigned an “AA-” insurer FSR to FM Global’s Appalachian Insurance Company (Appalachian Insurance) and Affiliated FM Insurance Company (Affiliated FM) subsidiaries. The prognosis for all of the ratings is stable.
Rating factors include FM Global’s strong capitalization, strong competitive placement in the highly protected risk (HPR) market, and improving underwriting trends. Somewhat offsetting these positives is the competitive nature of the HPR market, along with the market’s underwriting volatility.
Was this article valuable?
Here are more articles you may enjoy.
The Future of the Agency in a World of AI 
Best Agency to Work For – Overall Winner: Robertson Ryan Insurance 
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
New York Hospital Insurer Files for Bankruptcy, Citing Child Sex Abuse Claims From This Issue
