FM Global shrugs off Sandy

Property and casualty insurer FM Global secured a profit of $774m in 2012 and a COR of 85.7% despite 2 200 claims from superstorm Sandy.

In 2012, gross written premiums increased 8.6% to $5.5bn, with new business growing 6.5%.

The company recoreded the results despite receiving 2 200 claims from one of the worst storms in the US's

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