Reinsurance News

Nationwide, Generali announce joint venture

26th February 2020 - Author: Charlie Wood

US-based insurance and financial services provider Nationwide is partnering with Generali on a joint venture aimed at supporting multinational solutions for international commercial clients.

N2G Worldwide Insurance Services, LLC will exclusively promote, distribute and administer insurance solutions for multi-national exposures on behalf of both organisations.

Business to N2G will be sourced through independent agents, brokers and wholesalers.

Nationwide will assume US risk exposures and Generali (directly or through its partners) will assume non-US exposures.

“We are proud to join forces with a strong partner like Generali, combining our trusted customer-focused protection with their existing multinational footprint,” said Mark Berven, President & COO, Nationwide Property and Casualty.

Liberty Mutual Reinsurance

“This partnership between two insurance powerhouses will elevate the solutions we can offer to commercial members to help them protect their business across the globe with extraordinary care.”

“This partnership is part of our strategic plan 2021 to be a Life-Time Partner to our customers, offering them innovative and personalized solutions,” said Marco Sesana, Country Manager Italy & CEO of Generali Italia and Global Business Lines Generali.

“Today we are proud to announce this joint venture that brings together Nationwide’s brand recognition and distribution with Generali Global Corporate & Commercial’s extensive global network and local knowledge in over 160 countries around the world. N2G will be fully equipped to offer a comprehensive and seamless multinational program to its customers.”

Bill Skapof will lead N2G as Chief Executive Officer. Skapof joined Generali in 2015 as Head of GC&C US, Executive Vice President and Chief Underwriting Officer.

Skapof is a senior P&C underwriting sales executive with 30 plus years’ experience developing product, distribution and sales strategies in support of global commercial markets, having established successful multinational capabilities for the most prominent insurance players in the segment.

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