Thomas A. Lawson, FM Global's new president and CEO, has been with the company for 35 years—an unusual accomplishment in today's business climate. He graduated from Illinois State University (Normal, Ill.) with a degree in occupational safety, a good fit for an insurance company focused on understanding the science of risk and creating solutions based on engineering and research.
FM Global's goal is to provide stability and consistency to clients and help them maintain “resiliency,” a recurring theme for the company. The company uses science, research and engineering to help clients assess and mitigate their risks. This approach, Lawson believes, helps companies rebound from losses more quickly.
In a personal interview, Lawson told NU that “It's quite an honor to be the CEO of a company that has had a successful business model for 180 years.” He doesn't plan to change the basic model, but the company will continue to adapt and be proactive to meet changing conditions. The company is looking extensively at predictive analytics and making better use of the data it has available.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
