Latest news with #FMGlobal
Yahoo
19-07-2025
- Business
- Yahoo
FM Global to set up innovation centre in Bengaluru, India
FM Global, a US-based commercial property insurer, plans to open its largest innovation centre outside of the US in Bengaluru, India, along with a sales office in Mumbai, during the second half of this year. With its key operations located in Bengaluru, the upcoming innovation centre is anticipated to commence in October 2025. This centre will enhance support for its Asia-Pacific regional operations and strengthen global capabilities in technology, business operations, and analytics. In India, FM Global functions as a reinsurer, collaborating with primary insurers like HDFC Ergo and ICICI Lombard. The new facilities will expand the company's presence in India. Srinivasan Krishnamurthy, senior vice-president, FM India, said, 'We are significantly expanding and doubling down on our investment in India along multiple dimensions. We are building on our existing footprint in Bengaluru. After evaluating different locations, it was clear that Bengaluru's innovation ecosystem is the most vibrant. There is also a broad availability of STEM talent here.' Krishnamurthy added, 'A client experience centre will be co-located with our Bengaluru centre through which we intend to showcase to prospective employees and clients in India and the region, about how they can benefit from our loss-prevention expertise.' The process of hiring for technology and business operations roles has been initiated, with positions such as product owners, data engineers, platform engineers, software engineers, and business operations specialists already being filled. The organisation reported worldwide revenues of approximately $11b in the previous year, and it maintains a presence in roughly 149 countries. It has 50 offices across the globe and employs a total of 6,000 individuals, including 2,000 engineers. "FM Global to set up innovation centre in Bengaluru, India" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Boston Globe
16-07-2025
- Business
- Boston Globe
Partnership for Rhode Island names business advocate Catucci as new director
Catucci succeeds founding executive director Tom Giordano, who stepped down in April to become vice president of external affairs at FM Global (whose CEO is a Partnership member). 'Liz Catucci has built a strong reputation across Rhode Island as an effective advocate and voice for business,' Brown University Health CEO and Partnership Board Chairman John Fernandez said. 'Liz is the right leader for our organization as we look to be more highly involved in business attraction.' The bigger picture: For the Partnership, it's a savvy hire after an extensive search. Advertisement Catucci is one of the rare people within Rhode Island's political and business circles who is widely respected and well-liked. As the state heads into what is certain to be a contentious election year, she has the ear of Governor Dan McKee, the trust of General Assembly leaders, and credibility with both small and large businesses statewide. Get Rhode Map A weekday briefing from veteran Rhode Island reporters, focused on the things that matter most in the Ocean State. Enter Email Sign Up The Partnership has played a behind-the-scenes role in several major policy initiatives in Rhode Island in recent years – it funded the Advertisement With federal funds drying up, the Partnership now wants to pivot to business development/recruitment in the state, which may include more advocacy at the State House than it has shown in the past. Catucci's experience at the Chamber will be an asset. This story first appeared in Rhode Map, our free newsletter about Rhode Island that also contains information about local events, links to interesting stories, and more. If you'd like to receive it via email Monday through Friday, . Dan McGowan can be reached at
