International commercial and industrial property insurer FM Global has had a stellar year, with net income rising to $920 million, premium income up 18.8% to $5.39 billion and gross written premiums up 40% to $133 million.

FM Global is now regarded as one of the leading commercial property insurance and risk management providers in the US, says CEO Shivan Subramaniam. He attributes the good year to benign weather conditions which led to fewer losses.

“It can only be described as remarkable for FM Global, considering we were following the best year in our history,” he said.