Factory Mutual Insurance Company

Factory Mutual Insurance Company, operating as FM Global, is a leading mutual insurance company specializing in property risk management and loss prevention services for large corporations worldwide. Established in 1835 by Zachariah Allen, a Rhode Island textile mill owner, the company was founded with a focus on mitigating fire risks. It has since expanded its expertise to encompass a broad spectrum of property hazards.

FM Global offers comprehensive property insurance solutions, including all-risk, business interruption, and captive insurance policies. Their specialized products cater to ocean cargo, construction, machinery equipment, and cyber resilience.

The company is renowned for its engineering-driven approach to underwriting, where risk assessments and premium determinations are based on detailed engineering analyses rather than traditional actuarial methods. This methodology underscores their commitment to preventing property losses through proactive risk management strategies.

A cornerstone of FM Global's services is its loss prevention engineering. The company's engineers collaborate closely with clients to evaluate potential hazards, recommend improvements, and implement solutions aimed at reducing both physical and financial risks.

This hands-on approach ensures that clients' facilities adhere to high standards of safety and resilience. Additionally, FM Global provides a range of training and educational programs covering topics such as fire safety, hazard control, and disaster preparedness, empowering clients to enhance their internal risk management practices.

Financially, FM Global maintains a robust position, holding an A++ (Superior) rating from A.M. Best and an AA+ rating from Standard & Poor’s. These ratings reflect the company's strong operating performance and effective enterprise risk management.

Locations

Headquartered in Johnston, Rhode Island, FM Global operates offices in over 60 countries.

Notable US locations include:

• Johnston, Rhode Island
• Providence, Rhode Island
• Norwood, Massachusetts

This extensive global presence enables the company to deliver tailored risk management solutions to a diverse clientele, reinforcing its reputation as a leader in the property insurance industry.