Kroll Bond Rating Agency (KBRA) has upgraded the insurance financial strength ratings for Nassau’s insurance companies to BBB+ and assigned a positive outlook.
In its commentary on this upgrade, KBRA noted that Nassau’s ratings “reflect its multi-year transformation that has positioned the company to successfully execute its strategy.”
Read KBRA’s press release here.
HARTFORD, Conn., Sept. 24, 2024 – Nassau Financial Group (“Nassau”) today announced that it has named Jordan Price as its Chief Financial Officer. Price succeeds Christine Janofsky, who will be leaving the company at year end.
Price has been with Nassau for 10 years and served as Chief Corporate Development Officer since early 2023. Nassau is combining the finance, corporate development, and strategic projects functions under Price as part of this leadership change. He will continue to report to Phil Gass, Chairman and CEO of Nassau.
“As we embark on our next chapter of growth, Jordan is the ideal candidate for CFO given his track record leading many of our capital market raises, including investments by Golub Capital and Fortress Investment Group, and our acquisition of Delaware Life of New York.
“With his deep knowledge of our business and past roles as the Deputy CFO and Head of Financial Planning & Analysis, Jordan is well positioned to assume these expanded responsibilities with a seamless transition,” Gass said.
NEW YORK, Sept. 4, 2024 – Nassau Global Credit (NGC) announced the reset of Kings Point 2024-1 Ltd. (formerly known as Angel Island Capital 2023-I Ltd.) (“Kings Point”), a highly flexible collateralized loan obligation (“CLO”). The transaction, which closed on Aug. 28, 2024, consists of:
Kings Point is designed to offer greater investment flexibility than a traditional CLO, providing investors with actively managed exposure to NGC’s opportunistic credit strategy in securitized format. Originally issued as a static internal securitization in January 2023, Kings Point is supported by a collateral pool primarily consisting of senior secured loans and bonds.
HARTFORD, Conn., Aug. 12, 2024 – Nassau Financial Group (“Nassau”) today introduced Nassau Bonus Annuity PlusSM, a bonus fixed indexed annuity designed to give people confidence that they can reach their retirement goals.
“The launch of Nassau Bonus Annuity Plus further expands our fixed annuities product suite, as we look to provide new and innovative fixed annuity products to the underserved middle market,” said Phil Gass, Chairman and CEO of Nassau. “With our Nassau Bonus Annuity Plus product, consumers will be able to lock in higher gains up front and increase their growth potential over the long term as yet another option to plan for their retirement.”
Issued by Nassau Life and Annuity Company, Nassau Bonus Annuity Plus is a single premium accumulation-focused fixed indexed annuity that helps increase retirement savings with an up-front premium bonus as well as total accumulation potential from powerful growth options and enhanced control over contract value.
HARTFORD, Conn., Aug. 6, 2024 – Nassau Financial Group (“Nassau”) today announced that Kathy Belfi has been appointed to the board of directors of Nassau’s insurance segment (“Nassau Insurance”).
“Kathy is a great addition to the Nassau Insurance board of directors,” said Phil Gass, Chairman and CEO of Nassau. “Kathy brings a wealth of knowledge and regulatory expertise from her many years as an insurance regulator at the Connecticut Insurance Department, having overseen some of the largest insurance companies across the country.”
“I am excited by this opportunity to be part of Nassau, which is one of the most dynamic companies that I got to know during my time at the Connecticut Insurance Department. I look forward to contributing to the continued growth and success of its insurance businesses,” Belfi said.
Nassau News