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Nationwide agrees major joint venture with insurer

February 26, 2020 / Bethan Moorcraft
SHARESHARESHARE

Nationwide Mutual Insurance Company (Nationwide) has agreed a major joint venture with global insurer Generali. The two insurance giants have today announced the creation of N2G Worldwide Insurance Services, LLC (N2G), to offer seamless multinational commercial insurance solutions. N2G will use the combined resources of both insurers to meet the needs of multinational organizations with US operations as well as US-based firms with complex multinational insurance needs. Nationwide will take on the US exposures and Generali (directly or through its partners) will take responsibility for the non-US exposures. All business to N2G comes through independent agents, brokers and wholesalers.