Standard & Poor's Ratings Services has affirmed the A+ financialstrength rating of FM Global with a stable outlook, according to a Feb. 4 report.
The report also covers operating companies Factory Mutual Insurance Co., Affiliated FM Insurance Co. and FM Insurance Co. Ltd.
S&P said the rating reflects the company's very strong businessrisk profile, which is based on its strong operating results and significant marketposition in the large commercial property segment, and strong financial risk profile,which is supported by extremely strong capital adequacy.
The stable outlook reflects S&P's view that the company hasa very strong competitive position, which is supported by its highly regarded reputationfor assessing risk to prevent and mitigate loss, as well as its notable market presencein the large commercial property segments. S&P noted that FM Global's extremelystrong capital adequacy and strong operating results also allow the group to absorbcatastrophe losses and financial market volatility.
S&P Ratings and GlobalMarket Intelligence are owned by McGraw Hill Financial Inc.