FM GLOBAL IS an unusual insurance company. Its chairman and chief executive, Shivan Subramaniam, tells Euromoney, with a note of pride in his voice: “Yes, we blow things up, we burn them down.”
The company runs a 1,600 acre campus in West Gloucester, Rhode Island. Set up at an initial cost of $80 million, it is a university of destruction. To measure how building materials and industrial equipment behave under extremes of wind, flood and flame, FM Global conducts the kind of tests that would delight the most malevolent villain of the most over-imaginative superhero comic strip.
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