FM Global planning Latin America expansion
Insurer FM Global, has announced its fourth consecutive year of strong financial and operating performance. According to a statement, the company's net income increased by 14% to US$635m (£323m), contributing to the US$2.1bn (£1.2bn) in net income the company has generated in the past four years.
Further highlights included:
Policyholder surplus grew to US$4.4 (£2.5) billion-an 18.8% increase from 2004 The client retention rate was 92%, one of the highest in the company's history. The companyOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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