Nationwide
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Tim Frommeyer is set to take over as CFO. -
Three-fifths of the cash will be contributed to the American Red Cross to fund emergency aid.
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Paragon CEO Ron Ganiats says the MGA is “leaning in aggressively” as it builds an extensive admitted lines portfolio.
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Johnston’s arrival fills a gap left by the exit of Tom Clark from the $4bn unit.
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The move is a vote of confidence in the mutual insurance giant’s corporate venture arm.
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The carrier says it will streamline systems integration and cut costs for companies looking to work with the insurer.
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Largest insureds scale back on purchasing in response to tough casualty pricing.
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Hover uses computer visualization and machine learning to appraise home repair costs.
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DiBattista will be based in New York and report to Tom Jurgens, senior vice president of Nationwide E&S/Specialty.
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Clark was involved with initiatives including Nationwide’s acquisition of the MGA E-Risk and the launch of Geneva Re with Ryan Specialty Group.
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The mutual insurer is concentrating its physical operations in Ohio, Arizona, New York, Iowa and Texas.
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The MGA, based in Fort Lauderdale, Florida, will write up to $40mn in physical damage and liability insurance for boaters.
Related
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Nationwide E&S launches new property unit
March 06, 2025 -
Former Scottsdale CEO Miller launches MGA Pivix
September 18, 2024