Rating agency A.M. Best has affirmed FM Global's A+ (superior) rating, with a negative outlook.
The agency said this was due to "the group's superior capitalisation, prominent market position within the commercial property market and the long-term benefits to be gained from FM Global's re-underwriting efforts, its continued commitment towards loss prevention technology and property conservation and the recent price firming in the commercial property marketplace".
A.M. Best explained that the rating has been placed on a negative outlook because of the inherent volatility associated with its underwriting of property risks and the over-weighting of equity securities in its investment portfolio.
