joint venture News

Nationwide, Generali Form Joint Venture N2G to Sell Multinational Commercial Lines

Trieste, Italy meet Columbus, Ohio. Ciao! Hello! Two large insurers — Ohio’s Nationwide and Italy’s Generali — are teaming up to serve commercial insurance customers with global needs. The insurers announced they have formed a joint venture called N2G to …

Travelers to Buy Majority Interest in P&C Business of Brazil Joint Venture

The Travelers Companies Inc. announced that it has agreed to acquire a majority interest in the property and casualty business of its J. Malucelli Participações em Seguros e Resseguros S.A. joint venture in Brazil. J. Malucelli commenced writing P&C business …

Liberty Mutual’s Indian Joint Venture Receives Insurance License

Liberty Mutual Insurance Group announced that Liberty Videocon General Insurance Company Ltd, a joint venture between Liberty Mutual Insurance Group and Videocon Industries Ltd., has received the necessary license from India’s insurance regulatory authority to commence its operations. The operation …

Lockton, First Equity Risk Management in South Africa Joint Venture

Insurance broker Lockton Companies LLP and First Equity Risk Management Services Ltd are forming a South African joint venture company, Lockton First Equity, to provide commercial insurance brokerage services in South Africa. Terms of the agreement were not announced. The …