Reinsurance News
Nationwide
Nationwide completes acquisition of renewal rights for Markel’s Global Reinsurance unit
19th August 2025
As previously announced, Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has completed the acquisition of the renewal rights of Markel Insurance’s Global Reinsurance business. This signals Markel’s exit from the reinsurance market as part of its broader strategy to simplify operations and focus on ... Read the full article
Vast number of Global Re underwriters that joined Ryan Re key part of renewal rights deal: Markel’s Wilson
31st July 2025
Simon Wilson, Chief Executive Officer (CEO) of Markel Insurance, said recently that a really important part of the firm's deal to sell the renewal rights for its Global Reinsurance business to Nationwide, was the large number of the reinsurance underwriting team that had already moved to Ryan Re Underwriting Managers, ... Read the full article
Nationwide to acquire renewal rights of Markel’s Global Reinsurance business
31st July 2025
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has entered into a definitive agreement to acquire the renewal rights of Markel Insurance’s Global Reinsurance business, signalling Markel's exit from the reinsurance market as the firm focuses on growing its core specialty insurance operation. This sale aligns ... Read the full article
Allstate completes $1.25bn sale of Group Health business to Nationwide
4th July 2025
US primary insurer The Allstate Corporation has completed the previously announced sale of its Group Health business to Nationwide for $1.25 billion, with the transaction closing per the terms of the agreement executed on January 30th, 2025. Nationwide stated that this acquisition will serve as a foundation for its ongoing ... Read the full article
Bridge Specialty Group to acquire Nationwide Brokerage Solutions
4th February 2025
Bridge Specialty Group (BSG) has entered into an agreement with Nationwide to acquire NBS Insurance Agency, Inc. (operating as Nationwide Brokerage Solutions or NBS), with the transaction expected to close in March 2025. The deal was announced by Stephen M. Boyd, President of BSG, and Mark Berven, President and Chief Operating ... Read the full article
Allstate sells its Group Health business to Nationwide for $1.25bn
31st January 2025
US primary insurer, The Allstate Corporation, has entered into a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in cash, adjusted for the closing balance sheet, and subject to standard closing conditions including regulatory approvals. Nationwide stated that this acquisition will serve as a foundation for ... Read the full article
Moody’s assigns A2 financial strength ratings to Nationwide P&C companies
20th January 2025
Moody's Ratings has assigned A2 insurance financial strength ratings to Nationwide Insurance Company of America, National Casualty Company, and Scottsdale Surplus Lines Insurance Company, all with a stable outlook. These companies are members of the property and casualty (P&C) insurance business owned by Nationwide Mutual Insurance Company (NMIC). Nationwide Insurance Company of ... Read the full article
Nationwide’s fire and water loss prevention program reaches milestone
18th April 2024
Nationwide’s Ting program has reached a 50,000 home milestone demonstrating a positive impact on engagement and prevention to reduce fire and water loss risk, the insurance services company has stated. The Ting program was launched in 2022 in partnership with Whisker Labs and Hartford Steam Boiler. With its prevention technology, it ... Read the full article
Nationwide scores record sales, as rates and underwriting drive strong Q4’23
25th March 2024
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has achieved record-level sales for the third consecutive year in a row. The insurer stated that significant rate and underwriting actions drove a strong Q4 2023 and will accelerate the company’s performance into 2024. The record sales in 2023 ... Read the full article
Nationwide Ventures deepens partnership with CLARA Analytics through investment
22nd February 2024
Nationwide Ventures, the investment arm of the renowned insurance and financial services company, has made a significant investment in CLARA, further solidifying their bond. This investment stems from Nationwide's $350 million investment fund and marks a pivotal moment in the evolution of their relationship. CLARA Analytics, a leading provider of AI-driven solutions ... Read the full article
Moody’s downgrades Nationwide P&C financial strength
13th November 2023
Moody’s has downgraded the Nationwide Mutual Insurance Company (NMIC) and its property & casualty affiliates, Nationwide P&C, insurance financial strength rating to A2 from A1, and downgraded NMIC’s surplus notes rating to Baa1 (hyb) from A3 (hyb). The rating agency has also affirmed the insurance financial strength ratings of Nationwide Life ... Read the full article
Nationwide to go through re-underwriting initiatives to further improve its book
13th June 2023
The specific business actions U.S. insurer Nationwide is taking as it looks to address current issues impacting the insurance industry, includes some re-underwriting initiatives within its small commercial and personal lines portfolios, as the carrier works to improve its book overall. We wrote yesterday that Nationwide was the latest U.S. ... Read the full article
Nationwide taking action to mitigate risk in personal and commercial lines portfolios
12th June 2023
Large U.S. insurer Nationwide Mutual Insurance has announced that it is taking "specific business actions" in an effort to mitigate risk and manage its personal and commercial lines portfolios, citing the economic landscape, inflation, and catastrophic weather events. The insurer notes that these actions are impacting the entire insurance industry, and ... Read the full article
Kevin Strong named new N2G CEO
11th April 2023
N2G Worldwide Insurance Services, LLC has hired Kevin Strong, former Head of Multinational Business of The Hartford, as its new CEO, replacing retiring Bill Skapof, who led N2G since its foundation in 2020. Strong has over two decades of industry experience, having most recently served as Head of Multinational at The ... Read the full article
Nationwide names Hespe Head of Underwriting Performance for E&S/Specialty
17th August 2022
Ohio-based insurer Nationwide has appointed Julie Hespe as the head of Underwriting Performance for the company’s Excess & Surplus/Specialty team. Hespe’s team - the Underwriting & Product Performance Center of Excellence, will have a direct focus on portfolio profitability, underwriting governance and best practices, product management strategy, regulatory compliance and performance. Hespe ... Read the full article
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