FM World chief govt turns into board chair

FM World has appointed president and chief govt Malcolm C. Roberts (pictured) as chair of the industrial property insurer’s board of administrators.

The chairmanship change is efficient instantly, with Roberts taking up from Thomas A. Lawson, who has helmed the board since 2018 after being named president and CEO in 2014.

Expressing gratitude and pleasure about his new position, Roberts mentioned: “It’s an honor and a privilege to be appointed chair of the board. I thank the board for its continued assist as we work collectively to execute on our technique and take the following step in FM World’s journey.”

An ex-chemical engineer, Roberts joined FM World in 1995 as a loss prevention advisor in London. Having ascended by way of numerous administration positions globally through the years, he was promoted to FM World president and board member in 2021. The chief govt operate was added to his remit the next 12 months.

Highlighting Roberts’ credentials, board member John A. Luke Jr. commented: “Below Malcolm’s management, FM World has delivered excellent outcomes and pushed the continued growth of its enterprise world wide.

One of many largest industrial property insurers on the earth, the American mutual insurance coverage firm insures greater than $10 trillion in enterprise property in over 130 international locations.

“Our mixed ratio was 67.4%, which incorporates our policyholder membership credit score and resilience credit score. Pretax earnings from insurance coverage operations was $2.1 billion. With these outcomes, mixed with a positive funding market in 2023, we continued our robust surplus place.”

The brand new chair additionally thanked FM World’s purchasers, companions, colleagues, and shared communities.

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