Commercial and industrial property insurer FM Global today reported an end of year...
Commercial and industrial property insurer FM Global today reported an end of year net income of £297m compared to £354m in 2003, a fall of 19%.
In the UK, the company's gross written premiums were £351m last year.
In-force premium rose by 4.5% to £2.2bn in 2004 and policyholder surplus grew to £2bn, a 21.5% increase over 2003's declared £1.65bn.
Premium retention rate was 95.6%, which FM Global attributed to competitively priced underwriting and the prudence of rewarding mutual policyholders.
The company achieved a combined ratio of 75.3%.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
