FM Global has received a financial strength rating of “AA” (Very Strong) and a “stable” outlook from Fitch Ratings, after the credit rating agency conducted an analysis to determine how resilient insurers’ balance sheets are amid the COVID-19 crisis.
This so-called insurer “stress test” was based on set criteria and assumptions related to how the coronavirus could affect insurers, and how prepared the insurers are to meet financial commitments despite the outbreak’s economic impact.
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