FM Expands India Presence with New Mumbai Office, Strengthening Risk & Reinsurance Ecosystem

FM, one of the world’s leading commercial property insurers, today announced the opening of its new office in Mumbai, India’s financial capital, further deepening the company’s commitment to the country’s growing risk management and (re)insurance ecosystem. The move reinforces FM’s belief in India’s rising role in shaping global standards of enterprise resilience, engineering excellence, and sustainable growth.

FM commemorated the launch with a ribbon-cutting ceremony attended by FM leadership, alongside key brokers, partners, and clients from across the region.

India represents a critical focus area in FM’s strategy to support its clients. The new FMIC Mumbai reinsurance sales office highlights FM’s long-term investment in India’s enterprise risk landscape, providing additional local presence. The Mumbai team will collaborate closely with brokers and partners to enhance risk understanding and management practices.

Our growing operations in India reflect both a global and local commitment. By combining world-class expertise with on-the-ground engagement, we aim to deliver lasting value for our clients and contribute to India’s resilience journey, said Greg Duncan, regional head (South Asia).

In addition to expanding its footprint of the FMIC reinsurance sales office in Mumbai, FM is also investing in innovation and technology development in India. FM recently opened a global capability centre in Bengaluru as part of its expansion in India, a hub for research, analytics, and engineering excellence, further strengthening FM’s global capabilities while supporting India’s growing talent ecosystem.

India’s evolving economy and the increasing complexity of risks, ranging from climate volatility and supply-chain fragility to cyber-physical exposures, are placing resilience at the centre of boardroom discussions, added Srini Krishnamurthy, senior vice president, FM operations India. FM’s mission is to help Indian businesses become more resilient, support the country’s continued growth through engineering excellence and data-driven insights, and establish strong local partnerships.

About FM

Established nearly two centuries ago, FM is a leading mutual insurance group whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.