FM to support client investment in climate resilience with third ‘Resilience Credit’
- July 1, 2025
- Posted by: Kassandra Jimenez-Sanchez
- Category: Insurance
Commercial property insurer FM has announced the allocation of approximately a $400 million ‘Resilience Credit’ to support client investment in climate resilience.
With this third resilience credit, FM will have allocated more than $1 billion to help clients protect their operations from the increasing frequency of extreme weather over the last three years.
As a result of the previous resilience credits, clients of FM increased the execution of mitigation strategies designed to safeguard against natural disasters including wind, flooding, and wildfires, thereby potentially reducing the economic impact by over $30 billion.
FM’s first resilience credit, $300 million, was announced in August 2022. It was created to to help organisations reduce total loss expectancies related to the perils previously mentioned by more than $120 billion.
Driven by its strong financial performance in 2023, FM’s $1.4 billion membership credit for its Client Owners launched in May 2024.
Malcolm Roberts, chairman and chief executive officer of FM, said: “The FM resilience credit highlights the essential role that mutual partnership plays with our clients in our work together to protect their purpose and drive risk out of their organisation.
“The resilience credit represents a unique program in the industry, and we are proud to enable client investment in the resiliency and future of their operations.”
Earlier this year, FM launched a Renewable Energy unit to assist clients in transitioning to alternative energy and promote the overall advancement of the renewable energy industry.
FM encourages eligible clients to leverage resilience credit to support recommendations related to solar panels, wind farms or any other renewable energy installation or location.
According to the announcement, FM’s third resilience credit will be applied as a 5% premium offset against eligible FM policies with renewals or anniversaries between January 1, 2025, and December 31, 2025.
It will be calculated based on eligible premium in effect 90 days prior to the renewal or anniversary date of the prior policy.
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