Mutual Boiler Re

Mutual Boiler Re (MBRe), a member of the FM Global Group, is a specialized mutual equipment breakdown reinsurer providing customized reinsurance programs to insurance companies in the United States and Canada. The company has been involved in boiler and machinery insurance for over 140 years, making it one of the most established providers of equipment breakdown reinsurance in North America.

The company was formerly known as Mutual Boiler Re and now operates under FM Boiler Re following rebranding under FM Global. It is solely focused on equipment breakdown reinsurance and works with approximately 250 partner insurance companies.