FM
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Sources said the placement is led by FM Global, but exposure is spread between the US and London property markets. -
Terminated staff had hoped the dismissals might be forestalled after the company pushed back the soft reopening of offices until at least February.
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Staff who have not provided proof of vaccination will be terminated “for cause” and ineligible for future employment with the carrier.
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Employees have expressed frustration that accommodations on religious grounds have been denied.
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A company spokesperson confirmed the January deadline, stating the decision was based on “science and research” and avoiding preventable loss.
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FM Global’s financial strength ratings and stable outlook was affirmed by both Fitch Ratings and S&P.
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With loss exposure reduced, FM Global is doling out premium offsets of up to 15% on renewals to policyholders.
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Powerhouse Hollywood talent agency CAA asks an LA court to force a higher payout for Covid losses from Affiliated FM Insurance.
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Property insurer FM Global has promoted executives Lyndon Broad and David Johnson into new roles, ahead of the changeover in its C-Suite at the end of the year.
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Bret Ahnell, executive vice president, has been named chief operating officer and will run insurance operations globally.
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