FM Global blames dollar strength for premium decline as combined ratio rises
FM Global said its financial results for 2015 were ‘outstanding’ despite a drop in its gross in-force premium and an increase in its combined ratio.
The mutual insurer's gross in-force premium fell slightly to $5.4bn, from $5.5bn the previous year and its combined ratio rose from 79.4% to 85.3% over the same period.
FM Global said the drop in in
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