Generali, Nationwide Team Up on Multinational Commercial Insurance Solutions
February 26 2020 - 12:00PM
Dow Jones News
By Pietro Lombardi
Italy's Assicurazioni Generali SpA (G.MI) and U.S. insurance and
financial services company Nationwide Mutual Insurance Company are
launching a joint venture to offer multinational solutions for
international commercial clients.
The joint venture, called N2G Worldwide Insurance Services, LLC,
"will exclusively promote, distribute and administer insurance
solutions for multinational exposures on behalf of both
organizations," the companies said Wednesday.
The partnership is part of the Italian insurer's 2021 strategy,
Generali's Marco Sesana said.
"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,"
said Mark Berven, President and COO of Nationwide Property and
Casualty.
The JV will be based in New Jersey and should start business in
the second quarter of the year.
Generali's Bill Skapof will be the chief executive officer.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
February 26, 2020 11:45 ET (16:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Generali (BIT:G)
Historical Stock Chart
From Jun 2024 to Jul 2024
Generali (BIT:G)
Historical Stock Chart
From Jul 2023 to Jul 2024