FM Global promotes Chawla to EVP with ESG Oversight
FM Global, one of the world’s largest commercial property insurers, has appointed Sanjay Chawla, the company’s chief investment officer, as an executive vice president.
Chawla’s promotion reflects the strategic contribution he and his investment team have made to the total financial strength of FM Global, whose insurance investment assets have grown to approximately US$25 billion. In his expanded role, Chawla will also become more involved in strategic corporate initiatives, including collaborating with an investment lens on the company’s environmental, social and governance (ESG) priorities.
Chawla, who reports to Malcolm C. Roberts, FM Global’s president and chief executive officer, joined the company in 2018 as senior vice president of investments. A year later, he was ranked among the 10 most innovative and influential corporate CIOs worldwide according to Chief Investment Officer (CIO), an industry-leading news website.
Prior to working at FM Global, Chawla was the vice president and chief investment officer of Raytheon’s pension investments at Raytheon Company since August 2013. He also worked at The Dow Chemical Company for 18 years, where he held various leadership roles in finance, primarily portfolio investments and treasury, including global asset allocation, enterprise-wide and financial risk management at the corporate headquarters in Michigan, and also on expatriate assignments in Asia.
Chawla received an MBA from Virginia Polytechnic Institute and State University in Virginia., USA, and a bachelor’s degree in commerce (honors) from Shri Ram College of Commerce, Delhi University, India.
About FM Global
Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every three Fortune 1000 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.