NATIONWIDE and GENERALI announced Joint Venture to offer seamless multinational commercial insurance solutions

3 March 2020 — Andrei Victor
NATIONWIDE Mutual Insurance Company (NATIONWIDE), one of the largest insurance and financial services companies in the United States, and GENERALI, one of the largest global insurance and asset management providers, through its P&C unit GENERALI Global Corporate & Commercial (GC&C), announced an innovative joint venture: the creation of N2G Worldwide Insurance Services, LLC (N2G) to support multinational solutions for international commercial clients.

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", according to the statement released by the Italian insurance group. 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.

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.

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.

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