March 13, 2014
The Ohio State University Announces 10-Year Agreement Naming Nationwide Insurance as Official Insurance Sponsor
Ohio State and Nationwide unite to expand partnership
Columbus, Ohio - The Ohio State University announced a 10-year agreement that establishes Nationwide Insurance as the official insurance sponsor for the university community. The $17.1 million agreement includes benefits that extend far beyond the provision of insurance. This unique partnership formalizes the long-standing relationship between The Ohio State University and Nationwide Insurance that spans more than 30 years.
Nationwide prides itself on putting members first by ensuring that they receive best-in-class service and protection. This newly expanded partnership will provide discounts on products for members of the Ohio State community. Alumni, faculty, staff and students within the Ohio State community will have an opportunity to experience firsthand the Nationwide On Your Side® promise through a comprehensive suite of products including auto, home and life insurance.
“This expanded partnership between Ohio State and Nationwide directly supports the university's academic mission by creating valuable student internships, co-funding key programs and supporting a risk management center at our Fisher College of Business,” said Ohio State Interim President Joseph A. Alutto. “We are truly grateful for the longstanding commitment from this great Ohio company and look forward to working together to provide outstanding products and learning experiences for the Ohio State community.”
Beyond formalizing Nationwide Insurance as the official insurance sponsor, the agreement includes the following:
- A commitment by Nationwide to create 40 internships on an annual basis for qualifying Ohio State students in various fields.
- A five-year extension of Nationwide's current commitment to underwrite the Risk Institute at Ohio State. Housed in the Fisher College of Business, the Risk Institute combines educational research and academic leadership with practical business application to provide students with the opportunity to make a real impact on the business community.
- A commitment by Nationwide to partner with Ohio State to create a co-investment fund designed to support a variety of programs.
“It is an honor to expand our longstanding relationship with Ohio State. Together, Nationwide and Ohio State have worked collaboratively on a wide variety of projects that make the communities where we live and work healthier and stronger,” said Mark Pizzi, President and COO, Nationwide Insurance. “By formalizing our partnership, Nationwide looks forward to deepening our relationship with the University and continuing to explore opportunities that build upon our collective impact on the community. The Ohio State University students, alumni, faculty and staff are an important part of our company’s history and future and, it is our privilege to serve members of the Buckeye Nation across the country.”
Ohio State and Nationwide have worked in partnership to implement a number of initiatives designed to enhance the experience for alumni, faculty, staff and students on campus and in communities across the country. Nationwide has made significant contributions to Ohio State over the past three decades supporting educational programs, facilities, research initiatives, athletic programs and endowments that, taken together, create an enriching experience for everyone in the Ohio State community.
About The Ohio State University
The Ohio State University is a dynamic community of diverse resources, where opportunity thrives and where individuals transform themselves and the world. Founded in 1870, Ohio State is a world-class public research university and the leading comprehensive teaching and research institution in the state of Ohio. With more than 63,000 students (including 57,000 in Columbus), the Wexner Medical Center, 14 colleges, 80 centers and 175 majors, the university offers its students tremendous breadth and depth of opportunity in the liberal arts, the sciences and the professions.
Nationwide Mutual Insurance Company, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto insurance, homeowners, pet, motorcycle, boat, farm, commercial insurance, life insurance, annuities, mutual funds, public and private sector retirement plans, banking, mortgages, and specialty health services. For more information, visit www.nationwide.com.