What is the brand FM Global? If you have ever wondered about the brand, you’ve come to the right place. It’s the world’s largest business property insurer, with over 900 employees worldwide. Its new corporate offices are “built to last,” according to its own engineering guidelines. The building, LEED Gold-certified, is a high-performance green building with a focus on health and wellness.
FM Global’s roots can be traced to the early 1800s, when Zachariah Allen, a mill owner in the United States, decided to improve the resilience of his factory by seeking a lower premium from his insurance company. He also enlisted fellow mill owners and started a mutual property insurance company called Factory Mutuals. These companies insured factories, and they returned the premiums at the end of the policy term.
In addition to offering insurance and cyber resilience solutions, FM Global offers cargo insurance, captives, cells, and predictive analytics. Its services include cyber risk assessment, supply chain risk management, and appraisal. The company has four laboratories where it conducts experiments that help researchers develop a greater understanding of risk. The fire technology lab, for example, enables researchers to learn how structural failure works and how fast fire spreads. These experiments allow FM Global to create safer products for customers.