1. Ten Qualities of a Well-Protected Facility Joshua M. Gerkin Account Executive FM Global – Cleveland Operations
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4. FM Global – Quick Facts Date Established 1835 Organizational Structure Mutual A.M. Best Rating (’08) A+ Superior Fitch Rating (’08) AA Very Strong Gross Premiums $4.7B Policyholder’s Surplus $6.3B Assets $13.0B Scope of Operations Worldwide Number of Employees 4,800 Number of Engineers 1,500+
32. 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 Effective Emergency Response Ineffective Emergency Response 1871 Losses 410 Losses 10 yr. fire response incidents vs. average gross loss (US$) Does this stuff really work? The impact of Human Element
34. Does this stuff really work? Aggregate Loss Example FM Global Windstorm Loss from 2004 Hurricanes Client benefit from natural catastrophe engineering = $430M
35. Does this stuff really work? Aggregate Loss Example FM Global Windstorm Loss from 2005 Katrina 49% estimated reduction from projected loss attributable to risk improvement Note: Projected loss based on average experience for unprotected properties in similar events
Background: FM Global is the result of the 1999 merger of the Factory Mutual System companies — Allendale Insurance, Arkwright and Protection Mutual. Factory Mutual, the insurance companies’ jointly owned engineering arm, became part of FM Global effective with the merger. Our clients: FM Global is a global underwriter of property insurance for clients representing a variety of manufacturing and service industries, as well as public entities and educational institutions. Additionally, FM Global has teams of specialists who focus their industry-specific expertise on the needs of high-challenge occupancies, including chemical and forest products. Property Insurance: FM Global offers a full range of both broad-based and specialized risk management services and insurance products, including: all risk, cargo, boiler and machinery and non-HPR (Highly Protected Risk) commercial property.