Nationwide is teaming up with Generali, through its P&C unit Generali Global Corporate & Commercial, on a new joint venture. N2G Worldwide Insurance Services LLC will exclusively promote, distribute and administer insurance products and services for multinational exposures on behalf of both organizations. Business to N2G will be sourced through independent agents, brokers and wholesalers, the companies said.
In announcing the venture, the companies said N2G will leverage Nationwide’s strong U.S.-based brand recognition and distribution with Generali’s footprint as a leading global insurer with a large international network and marketing capabilities across the property/casualty spectrum. The combined resources of both insurers will allow N2G to address the needs of multinational organizations with U.S. operations as well as U.S.-based clients with complex multinational insurance needs. Nationwide will assume U.S. risk exposures and Generali will assume non-U.S. exposures.
N2G will be led by CEO Bill Skapof, who joined Generali in 2015 as head of GC&C US, executive vice president and chief underwriting officer. 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.