Hartford, CT, Sept. 3, 2019 – Nassau Re today announced that David E. Czerniecki, CFA, has joined the company as Chief Investment Officer. As Chief Investment Officer, Mr. Czerniecki will be responsible for setting investment strategy and overseeing Nassau Re’s investment portfolio. He will report to Phil Gass, Chairman and Chief Executive Officer of Nassau Re.
Fitch Ratings has begun to rate Nassau Re, including our first overall corporate rating for Nassau Financial Group and Nassau Re (Cayman) – an important step in support of future growth plans.
Fitch assigned a BB+ Insurer Financial Strength (IFS) rating to Nassau Life Insurance Company, Nassau Life and Annuity Company and Nassau Re (Cayman). In addition, Fitch assigned a B+ Long-Term Issuer Default Rating (IDR) to Nassau Financial Group, The Nassau Companies and The Nassau Companies of New York. All ratings have a Stable outlook.
Nassau Corporate Credit took the award for the Best US Boutique CLO Manager at Creditflux’s 11th Manager Awards. It was among several “new kids on the block” to dominate this year’s awards, which recognized both European and US firms. Nassau Corporate Credit, founded in 2017 as an affiliate of Nassau Re, provides investment advisory services, acts as a collateral manager for collateralized loan obligations (CLOs) and, through its affiliate, Nassau Private Credit, invests in securities issued by CLOs managed by external parties.
AM Best has upgraded the financial strength ratings of all Nassau Re insurance subsidiaries to B+ from B and maintained a stable outlook. AM Best specifically highlighted several key accomplishments, including strengthening our balance sheet, improving our operating performance, and growing our annuity business.
The upgrade clearly acknowledges all the hard work of our employees and distribution partners over the past three years and reflects the progress we have made on many fronts.
Nassau News