National Casualty Company, part of Nationwide, is introducing the Magellan Global Risk Program in California, a commercial offering built on the ISO Capital Assets framework. The product targets mid to large businesses and combines property and income protection in one policy.

Companies can cover buildings, equipment, and inventory on a scheduled or blanket basis, with options for business interruption, transit, equipment breakdown, and crime. It also extends to income loss tied to disruptions at key suppliers or partners, with add-ons for exposures like sewer backup and transit risks.

The program includes limits on areas such as cyber, cannabis, and certain terrorism scenarios.

Magellan is not a standalone entity. It is an N2G-managed program aimed at multinational companies headquartered outside the U.S. with domestic operations. In California, it is distributed exclusively through N2G via National Casualty. The filing describes N2G as a joint venture between Nationwide and Generali and notes the program has already been approved in other states, with California targeted due to a lack of similar admitted options.

The program is expected to launch for new business on October 1, 2026.