Factory Mutual Insurance Company · Johnston, RI United States
Company Description
View Factory Mutual Insurance Company Locations On A US Map
This link will open in a new window
This link will open in a new window If you're looking to protect your corporation, turn your insurance dial to FM Global. Factory Mutual Insurance (operating as FM Global) provides commercial and industrial property/casualty insurance and a variety of risk management services. It provides specialized products for ocean cargo and machinery equipment, as well as property loss prevention engineering and research. FM Global operates through such subsidiaries as Affiliated FM Insurance, FM Global Cargo, and Mutual Boiler Re. In addition to the US, the company has offices in Asia, Australia, Canada, Europe, and South America. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Factory Mutual Insurance Company Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $3,364.8 |
| 2008 Employees | 5,000 |
Factory Mutual Insurance Company Executives
62 executives listed for Factory Mutual Insurance Company's Johnston, RI location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Shivan Subramaniam | Network |
| Vice Chairman | Ruud Bosman | Network |
| SVP Finance | Jeffrey Burchill | Network |
Competition
Competitive Landscape for Factory Mutual Insurance Company
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Factory Mutual Insurance Company Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!