Global commercial property insurer FM Global has announced its plans to hire more than 60 seasoned engineers this year to help clients prevent boiler and machinery-related (B&M) losses.
“Equipment breakdown is now rivaling fire losses in frequency and severity, which puts businesses at risk of short-term disruption and long-term financial harm,” said Brion Callori, senior vice president of engineering and research at FM Global.
The new engineering cohort will bring the total headcount of the insurer’s loss prevention engineers and scientists to 1,900, underscoring its focus on research and engineering-driven risk management to help businesses be more resilient to disruption.
The expanded B&M engineering team will focus on several key risk improvement priorities, including serving new industries, including a wider range of corporate campuses with central utility plants, adding new risk assessment metrics, and expanding industrial control systems service.
“We’ve invested a lot of resources in analyzing equipment risk, improving our predictive capabilities, and assessing risk at client locations,” Callori said. “By expanding our team, we’re deepening our commitment to boiler and machinery loss prevention to benefit our clients.”