Mutual insurer FM global reports 32% income rise
Business property insurer FM Global recorded a 32% increase in its net income to $1.02bn (£611m) for 2013 alongside a 2.7% increase in gross written premium to $5.6bn.
The mutual’s combined ratio was 77.7% and, according to a statement, policyholder surplus grew by 22.9% to $9.7bn.
Chief executive officer and chairman Shivan Subramaniam said: “2013 was a very
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