FM Global will move its corporate headquarters from Johnston to 10 Memorial Blvd. in downtown Providence, the company announced.
The move returns the insurance firm to the city where it was founded nearly 200 years ago.
The company, which purchased the former IGT building at 10 Memorial Blvd. earlier this year, confirmed the relocation plans following months of speculation, WJAR reported. While the site is secured, FM Global will occupy only a portion of the office building.
“Nearly 200 years after FM was founded in Providence, we are beginning a new chapter in the city where our story began,” an FM spokesperson said in a statement provided to WJAR.
“Through nearly two centuries of growth and innovation, Rhode Island has always been our home. Establishing our global headquarters in downtown Providence builds on that legacy and ensures Rhode Island remains central to FM’s future.”
Renovations at the Memorial Boulevard property are currently underway. Company officials expect the work to be completed in late 2027.
Despite the announcement of the new headquarters location, the company has not yet established a specific timeline for the transition. It remains unclear when exactly employees will begin the move from the current Johnston office to the new downtown facility.
The building at 10 Memorial Blvd. previously served as the headquarters for IGT, a global gaming company. FM Global’s decision to occupy the space keeps a major corporate presence in the heart of the city’s business district.
Why is FM Global moving to downtown Providence?
The company cited a desire to return to its roots, noting that it was founded in Providence nearly two centuries ago. An FM spokesperson stated that the move is intended to ensure the state remains central to the firm’s future growth.
When will the new headquarters open?
Renovations at 10 Memorial Blvd. are expected to wrap up in late 2027. The company has not provided a firm date for when operations will officially shift from Johnston to the new location.
Will FM Global occupy the entire IGT building?
No. According to company officials, FM Global will occupy only a portion of the building at 10 Memorial Blvd.