Nationwide and Generali announce joint venture N2G
Nationwide and Generali, through its P&C unit Generali Global Corporate & Commercial (GC&C), have announced a joint venture by the name of N2G Worldwide Insurance Services to support multinational solutions for international commercial clients.
N2G will exclusively promote, distribute and administer insurance solutions for multi-national exposures on behalf of both organizations. Business to N2G will be sourced through independent agents, brokers and wholesalers. 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 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. Nationwide will assume U.S. risk exposures and Generali (directly or through its partners) will assume non-U.S. exposures.
“We are proud to join forces with a strong partner like Generali, combining our trusted customer-focused protection with their existing multinational footprint. 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.” – Mark Berven, President & COO, Nationwide Property and Casualty.
“This partnership is part of our strategic plan 2021 to be a Life-Time Partner to our customers, offering them innovative and personalized solutions. 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.” – Marco Sesana, Country Manager Italy & CEO of Generali Italia and Global Business Lines Generali.