LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa” of FM Insurance Company Limited (FMI) (United Kingdom). The outlook for both ratings remains stable.
The ratings of FMI primarily reflect explicit and implicit support from its parent, Factory Mutual Insurance Company and the wider FM Global Group, in particular the reinsurance and policy level financial guarantee. FMI also has a history of receiving additional capital from its parent when required, most recently in the form of a GBP 30 million capital injection in 2011. FMI is an important part of the FM Global Group as it serves the group’s clients outside of North America. FMI’s stand-alone risk-adjusted capitalisation remains excellent.
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