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May 05, 2015 3:42 PM ET

Insurance

Company Overview of Factory Mutual Insurance Company

Company Overview

Factory Mutual Insurance Company provides commercial and industrial property insurance worldwide. Its insurance coverage includes all-risk property coverage, business interruption coverage, sustainable coverage, boiler and machinery insurance and reinsurance, and cargo insurance. The company also offers loss-prevention engineering services consisting of site evaluations, risk quality benchmarking, project planning, client training, and impairment services. In addition, it provides risk management services comprising appraisal, alternative risk transfer, brokerage, business risk consulting, industry specialization, and supply chain risk management services, as well as operates MyRisk, a Websi...

270 Central Avenue

PO Box 7500

Johnston, RI 02919

United States

Founded in 1835

Phone:

401-275-3000

Fax:

401-275-3029

Key Executives for Factory Mutual Insurance Company

Chief Executive Officer, President, Director, Member of Executive Committee and Member of Finance Committee
Chief Financial Officer and Senior Vice President of Finance
Chief Operating Officer
Senior Vice President of of Asia-Pacific Division
Senior Vice President of of Client Service
Compensation as of Fiscal Year 2014.

Factory Mutual Insurance Company Key Developments

FM Global Appoints Daniel L Knotts to Board of Directors

Daniel L. Knotts, chief operating officer of RR Donnelley, has been elected to the board of directors of FM Global. Knotts joined RR Donnelley in 1986 and served in a variety of finance, operations, sales management and business unit leadership positions, including chief operating officer of the company's Global Print Solutions business and group president of RR Donnelley. Knotts was named RR Donnelley's chief operating officer in 2012.

FM Global Elects Stuart Parker to Board of Directors

Stuart Parker, president and chief executive officer-elect of USAA, has been elected to the board of directors of FM Global. From 2007 to 2012, Parker led USAA's Property and Casualty Insurance Group and served as USAA's chief financial officer from 2012 to 2014. Parker became chief operating officer and, soon after, was named CEO-elect. He will become CEO when current CEO Joe Robles retires at the end of February 2015.

FM Global Announces Management Changes

FM Global has announced the promotion of Bret Ahnell, senior vice president, Western division manager; Chris Johnson, senior vice president, EMEA division manager; and Michael Turner, senior vice president, eastern division manager, as executive vice presidents, effective October 1, 2014. Bret Ahnell will oversee various divisions within the company, including underwriting and reinsurance, engineering and research, claims and enterprise learning, information services and marketing. He joined the company as a loss prevention engineer in 1987. Chris Johnson will oversee FM Global's international operations and Affiliated FM. Johnson has worked at FM Global since 1979, beginning as a loss prevention engineer. Michael Turner, senior vice president, Eastern division manager, will become an executive vice president. He will oversee FM Global's North and South America insurance operations. Turner has been employed by the company since 1982 as an underwriter. In addition, the company also promoted Kevin Bradshaw, vice president, forest products operations manager, to senior vice president, Western division manager; Vincent Reyda, vice president, New York operations manager, to senior vice president, EMEA division manager; and Malcolm Roberts, vice president, chemical operations manager, to senior vice president, Eastern division manager, effective October 1, 2014. Bradshaw will oversee all client relations, underwriting, engineering, processing and administration for the division. He began his career with FM Global in 1986 as a loss prevention engineer. Vincent Reyda will be based in FM Global's Windsor, UK, office and will oversee all client relations, underwriting, engineering, processing and administration for the division. He started with the company in 1988 as a loss prevention engineer. Malcolm Roberts will oversee all client relations, underwriting, engineering, processing and administration for the division. Roberts joined the company in 1995 as a loss prevention engineer after working in the oil and chemical industries.

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