Nationwide adds $1bn in capacity for wildfire coverage in California
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

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

Nationwide_California_Wildfire_Logo_2021.png

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...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article