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January 15, 2008

RI insurer opens office in China

FM Global, the commercial property insurer based in Johnston, said this morning it has opened a representative office in Beijing, China following approval from the China Insurance Regulatory Commission.

Allan Palmer, operations vice president, FM Global, has been named chief representative for the Beijing office.

“FM Global’s growth has continued to follow that of our multinational clients, who comprise more than one out of every three FORTUNE 1000 companies and similar-sized organizations operating in more than 130 countries,” said Shivan S. Subramaniam, chairman and chie executive officer. “The approval marks the first step in the process for FM Global to establish a licensed insurance company in China.”

FM Global is a $4.5 billion company that employs 4,700 people worldwide, including about 1,700 in Johnston, at its research campus in West Glocester, R.I. and in offices in Waltham and Norwood, Mass.

Posted by John Kostrzewa  at 10:18 AM | Permalink

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