FM Global granted Korea licence

FM Global has been awarded a licence to establish a branch in Korea, after 25 years of working with clients there.

Together with new and existing partners, FM Global aims to further build upon and promote a focus on business resilience in the country.

“As a global economic force with a strong manufacturing base, Korea presents an evolving insurance and loss prevention need that FM Global is uniquely placed to fulfil. In addition to continuing to serve our global clients in Korea, we are actively seeking to work with Korean clients with a similar philosophy towards risk and loss prevention and contribute towards a growing loss prevention culture,” said Shim Yong-Ju, FM Global’s branch manager in Seoul. He is leading this expansion in Korea supported by a growing team of underwriters.

James Thompson, senior-vice president, Asia-Pacific division manager, added: “This is an important milestone for FM Global in the region at a time when the need to build and maintain resilience against climate, cyber and supply chain risk has never been as vital.

“We are delighted to deepen our commitment to Korea and build on the strong partnerships we have forged over more than two decades.”

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