Industry | 2010.03.19
Commercial Property Insurer FM Global Reports 2009 Results
JOHNSTON, R.I.--(BUSINESS WIRE)--FM Global, one of the world’s largest business property insurers, announced today that it ended 2009 with a very strong underwriting performance, with client retention rates remaining at historically high levels and an investment portfolio return that outperformed industry benchmarks. The mutual insurance company reported that, in 2009 gross premium in force grew by 5.6 percent to US$4.7 billion and net income was US$840 million. Policyholder surplus grew 3
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