Factory Mutual Insurance Co - Company Profile
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Factory Mutual Insurance Co (Factory Mutual) provides insurance coverage and support services for industrial and institutional properties worldwide. The company offers insurance products for all-risk property, cyber, data loss, communicable disease, and sustainability. It also offers boiler and machinery insurance and reinsurance, sustainable coverage, risk improvement coverage, equipment breakdown insurance, and cargo insurance. Furthermore, it offers loss-prevention engineering services, site evaluations, impairment services, appraisal services, alternative risk transfer, business risk consulting, brokerage, project services, cargo risk engineering services, and supply chain risk management services. The company along with its subsidiaries operates as FM Global. Factory Mutual has operations in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Factory Mutual is headquartered in Johnston, Rhode Island, the US.
Headquarters
United States of America
Address
270 Central Avenue, Johnston, Rhode Island, 02919
Website
www.fmglobal.com
Telephone
1 401 2753000
No of Employees
5,500
Industry
Financial Services
Revenue (2022)
$6.5B
Factory Mutual Insurance Co premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| All Risk Property Coverage | Loss-Prevention Engineering Services | FM Global |
| Cyber Coverage | Site Evaluations | |
| Solutions for Storing Ignitable Liquids | Impairment Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In February, the company receives Korea's insurance new branch license. |
| 2023 | Others | In January, the company was affirmed with financial strength rating of “AA (Very strong)” by Fitch rating and “A+” by S&P Global rating, both with a stable outlook. |
| 2022 | Business / Operations Closure | In April, the company ceased its reinsurance operations in Russia. |
Competitor Comparison
| Key Parameters | Factory Mutual Insurance Co | The Travelers Companies Inc | Cincinnati Financial Corp | CUNA Mutual Holding Co | Amerisure Mutual Insurance Company |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Johnston | Saint Paul | Fairfield | Madison | Farmington Hills |
| State/Province | Rhode Island | Minnesota | Ohio | Wisconsin | Michigan |
| No. of Employees | 5,500 | 33,300 | 5,426 | - | - |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas A. Lawson | Chairman | Executive Board | 2018 | - |
| Malcolm C. Roberts | Chief Executive Officer; Director; President | Executive Board | 2022 | - |
| Kevin S. Ingram | Chief Financial Officer; Senior Executive Vice President | Senior Management | - | - |
| Bret N. Ahnell | Chief Operating Officer | Senior Management | 2014 | - |
| Deanna R. Fidler | Executive Vice President; Chief Administrative Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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