Commercial property insurer FM has unveiled an expanded membership credit programme valued at US$1 billion, enabling eligible mutual policyholders to receive credit earlier than in previous years.
This latest enhancement reflects FM’s strong financial standing and its mutual ownership structure, which allows client-owners to share directly in the company’s success. The credits will be available to mutual policyholders with policies renewing or reaching an anniversary between June 30, 2025, and June 29, 2026. The programme continues to reward clients who demonstrate long-term commitment and proactive risk management.
Notably, FM has introduced a new 10-year tenure tier within its credit structure and lowered the threshold for the highest level of credit from 20 years to 15. These changes make it easier for more policyholders to qualify for maximum benefits.
With this expansion, FM’s membership credit programme has now returned more than US$3.8 billion to policyholders over the past four years and over US$7.5 billion since the initiative began in 2001.
Under the updated structure:
policyholders will receive a 5% credit for fewer than five consecutive years of membership, 10% for at least five but fewer than 10 years, 12.5% for at least 10 but fewer than 15 years, and 15% for at least 15 consecutive years.
In addition to its membership credit programme, FM announced its third resilience credit allocation in October—bringing the total committed under the initiative to more than US$1 billion since its launch in 2022.
The recent hurricanes in the southeastern United States have highlighted the urgent need for stronger community resilience and greater awareness of disaster risks. FM emphasized that its resilience credit programme is intended to help clients address vulnerabilities to natural hazards such as wind, flood, and wildfire.
