Nationwide Acquires Surety Bonds from MSA: A Strategic Move in Insurance

COLUMBUS, Ohio – Nationwide, a major player in the U.S. insurance and financial services industry, has announced an agreement to acquire the renewal rights for Surety and Fidelity bonds from Main Street America Insurance (MSA), a unit of American Family Insurance. This strategic acquisition is expected to be finalized by the end of the first quarter, pending standard regulatory compliance requirements. The move highlights Nationwide's commitment to strengthening its foothold in the insurance industry.

Nationwide CEO, Kirt Walker, emphasized that this acquisition aligns with the company's core strengths of stability and service, enhancing offerings in the Surety and Fidelity sectors. "We’re excited to welcome MSA’s customers and employees to the Nationwide family," Walker stated. By integrating MSA’s resources, Nationwide aims to bolster its capabilities and foster growth in providing robust risk management solutions for businesses and contractors.

Candy Embray, President of MSA, pointed out that MSA’s reputation for effective risk management complements Nationwide’s objectives. Russ Johnston, President of Commercial Lines, Excess & Surplus, Specialty at Nationwide, noted that this strategic step will expand Nationwide’s surety business, promising reliable service backed by the expansive resources of Nationwide. Although financial details remain undisclosed due to the private nature of both companies, Nationwide is recognized for its financial robustness, holding an A+ rating from Standard & Poor's.

Strategic Growth in Surety and Fidelity Sectors

This acquisition is poised to reinforce Nationwide's promise of innovation across a wide spectrum of insurance products. Interested parties can learn more about Nationwide and its financial ratings by visiting their website. The Nationwide brand and associated trademarks are owned by Nationwide Mutual Insurance Company and affiliates. Please be aware that products and discounts are subject to underwriting guidelines and may not be available in all areas.