Fitch Agency Upholds FM Global's AA Rating
The Johnston-based company maintains its "Very Strong" financial rating.
FM Global of Johnston kept its AA, or "Very Strong," financial rating intact following a Sept. 29 announcement by the Fitch Ratings agency.
According to a company press release, Fitch based its decision on the company's ability "to withstand large catastrophe losses that have occurred this year."
“FM Global's favorable underwriting performance is due in large part to the company's ability to incorporate its engineering expertise into its risk selection and underwriting processes,” Fitch added in the statement. “The company's engineering capabilities and loss prevention services (are) key advantages that are difficult for competitors to replicate. This expertise will result in underwriting results that are consistently better than (its) peers.”