AM Best has affirmed the A+ (superior) financial strength rating and stable ratings outlook for FM Insurance Company, the European and Australian-based operations of FM Global.
AM Best said the company had “excellent prospective underwriting performance supported by the company's strict approach to risk assessment” and “a combined ratio below 100% is likely in 2004.”
Best also said that FM Insurance Company's “consolidated risk-adjusted capital position is likely to remain superior in 2004,” and it “continues to have a comprehensive reinsurance programme in place” with “a number of highly-rated third party reinsurers”.
