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

The chairmanship change is efficient instantly, with Roberts taking on 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 function, Roberts mentioned: “It’s an honor and a privilege to be appointed chair of the board. I thank the board for its continued help as we work collectively to execute on our technique and take the subsequent step in FM International’s journey.”

An ex-chemical engineer, Roberts joined FM International in 1995 as a loss prevention advisor in London. Having ascended by numerous administration positions globally over time, he was promoted to FM International president and board member in 2021. The chief government perform was added to his remit the next 12 months.

Highlighting Roberts’ credentials, board member John A. Luke Jr. commented: “Beneath Malcolm’s management, FM International has delivered excellent outcomes and pushed the continued growth of its enterprise around the globe.

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

“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 International’s purchasers, companions, colleagues, and shared communities.

What do you consider this story? Share your ideas within the feedback under.