FM Group Launches Direct Insurance Operations in Brazil in 2026
FM Group, a Rhode Island-based commercial property insurer, is set to begin operations in Brazil through its São Paulo subsidiary, FM Seguros. This marks a significant step for the company, which has been operating in Brazil through partnerships for nearly four decades.
FM Seguros plans to launch its insurance services in 2026, working closely with existing partners, brokers, and clients to ensure a smooth transition. The company aims to bring its expertise and capital to Brazilian companies, helping them build resilience and protect their businesses. Monica Yasutomi, FM's operations senior vice-president, expressed excitement about this expansion.
FM's unique approach to risk management combines loss prevention with robust insurance protection for clients. Daniel Patavino Mazzi, FM's vice-president, highlighted this approach. The company has secured a licence to operate as an insurer in Brazil, marking a new chapter in its Brazilian operations.
FM Group's expansion into direct car insurance in Brazil is expected to enhance its engagement with local companies and brokers. With its licence secured and operations set to begin in 2026, FM Seguros is poised to bring its distinctive risk management strategies to the Brazilian market.
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