FM Global chief govt turns into board chair

FM Global has appointed president and chief govt Malcolm C. Roberts (pictured) as chair of the business property insurer’s board of administrators.

The chairmanship change is efficient instantly, with Roberts taking up from Thomas A. Lawson, who has helmed the board since 2018 after being named president and CEO in 2014.

Expressing gratitude and pleasure about his new function, Roberts stated: “It is an honor and a privilege to be appointed chair of the board. I thank the board for its continued support as we work together to execute on our strategy and take the next step in FM Global’s journey.”

An ex-chemical engineer, Roberts joined FM Global in 1995 as a loss prevention guide in London. Having ascended by way of varied administration positions globally through the years, he was promoted to FM Global president and board member in 2021. The chief govt operate was added to his remit the next yr.

Highlighting Roberts’ credentials, board member John A. Luke Jr. commented: “Under Malcolm’s management, FM Global has delivered excellent outcomes and pushed the continued growth of its enterprise all over the world.

One of the most important business property insurers on the planet, the American mutual insurance coverage firm insures greater than $10 trillion in enterprise property in over 130 nations.

“Our combined ratio was 67.4%, which includes our policyholder membership credit and resilience credit. Pretax income from insurance operations was $2.1 billion. With these results, combined with a favorable investment market in 2023, we continued our strong surplus position.”

The new chair additionally thanked FM Global’s shoppers, companions, colleagues, and shared communities.

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