Catastrophic commercial property losses can cause multimillion-dollar claims. Retail clients need an insurance partner that can pay such large losses.

Retailers who partner with AFM have access to FM Global's balance sheet, the same one that serves more than one-third of Fortune 1000 companies. With more than US$7.9 billion in surplus, and with A.M. Best A+ and Fitch AA ratings, AFM provides clients the financial strength they need.

AFM's financial strength is demonstrated by:

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Superior financial ratings

Investors want them. Banks require them. AFM has them.

AFM maintains A+ Rating (superior) with A.M. Best and a AA Rating (very strong) with Fitch—the leading analysts of commercial insurers' financial risk and viability. As a monoline property carrier, we must be able to absorb volatility. A.M. Best and Fitch periodically review a series of loss scenarios to test the resilience of our model.

What's more, Standard & Poor's gives us a rating of Api. The subscript "pi" indicates that they deem us a creditworthy insurer, based on public information.

The Best's Rating Report reproduced on this site appears under license from A.M. Best and does not constitute, either expressed or implied, an endorsement of FM Global's products or services. A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports. Best's Rating Reports are copyrighted © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. Visitors to this website are authorised to print a single copy of the Best's Rating Report displayed here for their own personal use. Any other printing, copying or distribution is strictly prohibited.

Best's Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the A.M. Best website,


Backing by the FM Global balance sheet

AFM's retail clients benefit from the same financial resilience provided to Fortune 1000 companies.

Because retail clients that partner with AFM often have significant single-location exposure at distribution centres, they need a partner with the financial resources to stand by its risk obligations. As a wholly owned subsidiary of FM Global, AFM can provide clients with access to the same financially secure balance sheet that FM Global provides to its large international clients.


A tested, resilient business model

Over the years, AFM has maintained a strong balance sheet even in the most challenging times.

Over the past decade, large aggregate losses from natural disasters, acts of terrorism and fire have tested the resilience of our business model. Add to this the significant volatility in the global financial markets, and you might expect to see a reduction in surplus. Instead, our balance sheet has proven remarkably resilient—recovering from the 2008 stock market crash and continually setting new company records.