Printer Friendly

A.M. Best Affirms Rating of FM Insurance Company Limited.

OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of FM Insurance Company Limited (FMI) (United Kingdom). The rating outlook remains stable.

A.M. Best regards FMI as a core subsidiary of its ultimate parent, Factory Mutual Insurance Company, a U.S.-based mutual property insurer. The rating reflects FMI's excellent prospective underwriting performance (A.M. Best believes a combined ratio below 100% is likely in 2004), supported by the company's strict approach to risk assessment.

FMI is a leading underwriter of highly protected risks within the commercial property market benefiting from its extensive loss control, risk management and engineering capabilities. The company writes business in the United Kingdom, continental Europe and Australia. FMI's consolidated risk-adjusted capital position is likely to remain superior in 2004 despite increasing its premium retention to 20% (up from 10% in 2003). FMI continues to have a comprehensive reinsurance programme in place with the parent company and a number of highly-rated third party reinsurers.

A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Aug 31, 2004
Previous Article:Fitch Rates Bank One Issuance Trust ONEseries Class A -2004-6- 'AAA'.
Next Article:Z-Tel Receives Notice from Nasdaq.

Related Articles
Sphere Drake's A.M. Best B++ (very good) ratings affirmed and removed from under review.
A.M. Best Downgrades Rating of TIG; Affirms Rating of Crum and Forster; Affirms Ratings of Fairfax and its Subsidiaries.
A.M. Best Takes Various Rating Actions on Kingsway Financial Services' Subsidiaries and Assigns Senior Unsecured Debt Rating.
FM Global's A+ `Superior' Rating Affirmed by A.M. Best Following a Year of Strong Earnings, Growing Client Base and High Customer Retention.
A.M. Best Affirms Ratings of Inter-Industry Insurance Company Limited and Its Subsidiaries.
Fitch Affirms FM Global's 'AA-' IFS Rating; Rtg Outlook Stable.
FM Global's A+ --Superior-- Rating Affirmed by A.M. Best in Acknowledgement of Market Leading Performance.
A.M. Best Takes Various PD Rating Actions on 37 Canadian Property/Casualty Insurers.
A.M. Best Affirms Ratings of ADVANTA Insurance Company and ADVANTA Life Insurance Company.
A.M. Best Affirms and Assigns Ratings to FM Global Group.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters