Joint Venture Between Nationwide and Generali Announced
In a global economy, our business partners expect insurance solutions that will help them effectively manage global commercial risks. This is why Nationwide is embarking on an innovative joint venture with Generali, a top global insurance company based in Italy. Today, the two companies announced the creation of N2G Worldwide Insurance Services, LLC (N2G) to support multinational solutions for international commercial clients.
Distribution partners seeking multinational solutions will need to become appointed with N2G. N2G will quote, bind, underwrite and issue on behalf of Nationwide domestically and with GC&C on foreign exposures. N2G will leverage Nationwide’s strong U.S.-based brand recognition and distribution with Generali’s footprint as a global insurer with a large international network and marketing capabilities across the property and casualty spectrum. Utilizing the combined resources of both Nationwide and Generali, N2G will be well-positioned to address the needs of multinational organizations with U.S. operations as well as U.S. based clients with complex multinational insurance needs.
“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 of Nationwide Property and Causality. “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,” Marco Sesana, Country Manager Italy & CEO of Generali Italia and Global Business Lines Generali said. “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” he added.
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 highly successful 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.
Backed by Nationwide, rated A+ by both A.M. Best and Standard & Poor’s – and Generali, rated A by A.M. Best and A by Fitch, N2G will be an organization brokers and agents can trust. N2G will be based in New Jersey and focus solely on serving the needs of multinational commercial insurance clients, opening for business in second quarter 2020.
Learn more at www.N2G.com.