July 31, 2014 5:55 PM ET

Insurance

Company Overview of Factory Mutual Insurance Company

Company Overview

Factory Mutual Insurance Company provides commercial and industrial property insurance worldwide. Its insurance coverage includes all-risk property coverage, business interruption coverage, sustainable coverage, boiler and machinery insurance and reinsurance, and cargo insurance. The company also offers loss-prevention engineering services consisting of site evaluations, risk quality benchmarking, project planning, client training, and impairment services. In addition, it provides risk management services comprising appraisal, alternative risk transfer, brokerage, business risk consulting, industry specialization, and supply chain risk management services, as well as operates MyRisk, a Websi...

270 Central Avenue

PO Box 7500

Johnston, RI 02919

United States

Founded in 1835

Phone:

401-275-3000

Fax:

401-275-3029

Key Executives for Factory Mutual Insurance Company

Chairman
Age: 65
Chief Financial Officer and Senior Vice President of Finance
Senior Vice President and Division Manager of Asia-Pacific
Senior Vice President of Client Service & Sales and Sales Professional
Senior Vice President of Affiliated FM
Compensation as of Fiscal Year 2014.

Factory Mutual Insurance Company Key Developments

FM Global Announces Management Changes

FM Global announced that Executive Vice President Thomas A. Lawson has been appointed president and elected to the board of directors, effective Aug. 1, 2014. He will succeed Shivan S. Subramaniam as chief executive officer, effective Jan. 1, 2015. Lawson joined the mutual insurance company in 1979 and was appointed in 2009 to his current position. As president, he will be responsible for the strategic and operational direction of the company, which insures nearly $9 trillion in business property in more than 130 countries. Subramaniam will retire on Dec. 31, 2014, after 40 years with the company and will remain chairman of FM Global's board of directors. He was named CEO in 1999. In addition, Executive Vice President Jonathan W. Hall, who joined FM Global in 1980, has been named chief operating officer, effective Aug. 1, 2014. He will oversee FM Global's insurance operations and insurance staff functions.

FM Global Announces Management Changes

FM Global announced that Executive Vice President Thomas A. Lawson has been appointed president and elected to the board of directors, effective August 1, 2014. He will succeed Shivan S. Subramaniam as chief executive officer, effective January 1, 2015. Lawson joined the mutual insurance company in 1979 and was appointed in 2009 to his current position. As president, he will be responsible for the strategic and operational direction of the company, which insures nearly $9 trillion in business property in more than 130 countries. Subramaniam will retire on December 31, 2014, after 40 years with the company and will remain chairman of the company’s board of directors. He was named CEO in 1999. Since that time, Subramaniam has helped the company grow from $1 billion to $5.6 billion in annual revenue. In addition, Executive Vice President Jonathan W. Hall, who joined the company in 1980, has been named chief operating officer, effective August 1, 2014. He will oversee the company’s insurance operations and insurance staff functions.

FM Global Reports Consolidated Earnings Results for the Year 2013

FM Global reported consolidated earnings results for the year 2013. For the year, the company reported gross premium in force of $5.6 billion, a 2.7% increase compared to 2012, and policyholder surplus grew by 22.9% to $9.7 billion. Net income was $1.02 billion, up 32% over the prior year, and the mutual insurance company posted a combined ratio of 77.7%.

Similar Private Companies By Industry

Company Name Region
Colonial American Life Insurance Company United States
Acrisure LLC United States
PLC Capital Trust VIII United States
Progressive Paloverde Insurance Company United States
Harmony Health Systems, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Factory Mutual Insurance Company, please visit www.fmglobal.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.