Nationwide selects chief for extra and surplus P&C packages

Nationwide has appointed Amber Wayne (pictured) to guide its extra and surplus P&C packages.

With this appointment, Nationwide’s staff compensation packages, property packages and casualty packages will report via Wayne.

She may also retain her position as the top of Nationwide’s specialty {and professional} legal responsibility packages, which she has been main since August 2022.

“Amber will probably be centered on continued worthwhile progress throughout our packages portfolio in addition to the expertise and management growth wanted to fulfill the altering expectations of our distribution companions and clients,” mentioned John Lopes, government vp of packages & different threat. 

Wayne has over 27 years of intensive expertise within the insurance coverage business. This features a confirmed monitor report in strategic planning, monetary administration, and collaboration with a number of enterprise models and departments.

She has held a variety of key positions inside Nationwide, together with vp and chief monetary officer of Nationwide E&S/Specialty and vp of operations for Nationwide Non-public Consumer. Her previous expertise additionally contains finance AVP roles supporting contract, brokerage, MLS, and personal shoppers.

Wayne has an undergraduate diploma from Oregon State College and a grasp’s diploma from Arizona State College.

In different Nationwide information, the insurance coverage supplier lately launched survey findings indicating that about two-thirds of small and middle-market enterprise homeowners count on a recession within the subsequent six months. Moreover, 72% mentioned they count on financial circumstances would be the similar and even worse than the Nice Recession between 2007 and 2009.

Amid these considerations, Nationwide discovered that slicing prices is a prime precedence for 63% of small companies and 49% of mid-market companies, with some stating that they’ve requested their agent to requote their coverage with totally different carriers to discover a higher deal.

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