Nationwide adds $1bn in capacity for wildfire coverage in California
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Nationwide adds $1bn in capacity for wildfire coverage in California

Jairo Ibarra
November 24, 2021
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US mutual Nationwide has allocated $1bn in new non-admitted capacity to provide wildfire coverage in California and has written about $50mn in premiums since moving ahead with the initiative a little more than two months ago, this publication has learned.

The carrier is working with four distribution partners that focus on the California market and has received support from two large cap reinsurers that have agreed to take on a little less than half the program’s exposure, according to...

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Jairo Ibarra
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