Nassau Archives - Page 9 of 15

Nassau Financial Group Enters Accumulation Market for Fixed Indexed Annuities and Provides Growth Update

Hartford, CT, Oct. 1, 2019 – Nassau Financial Group (“Nassau”) today announced its entry into the accumulation-focused fixed indexed annuity space with its inaugural product, Nassau℠ Growth Annuity. This product introduction marks Nassau’s latest milestone in an active year of growth across its insurance and annuity businesses. In addition, Nassau continues to take a leading role in the Hartford region’s insurance and insurtech industry through its incubator, Nassau Re/Imagine.

October 1, 2019 Anthony LaRosa Nassau No comments

Nassau Alternative Investments Closes Debut Securitization

Hartford, CT, Sept. 9, 2019 – Nassau Re today announced that its subsidiary Nassau Alternative Investments LLC (“NAI”) has closed its inaugural collateralized fund obligation (the “CFO”), Nassau 2019 CFO LLC. The CFO securitization is collateralized by interests in a highly diversified and seasoned pool of over 100 private equity and private debt funds with approximately $375.7 million in net asset value.

“We are pleased with the success of NAI’s inaugural securitization, after launching Nassau Re’s newest asset management franchise earlier this year. Through this transaction, we are able to both derisk our general account balance sheet and accelerate the growth of third-party AUM,” said Phil Gass, Nassau Re’s Chairman and Chief Executive Officer.

September 9, 2019 Alice Ericson Nassau No comments

David E. Czerniecki Joins Nassau Re as Chief Investment Officer

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.

September 3, 2019 Alice Ericson Nassau No comments

Fitch Assigns Initial Ratings to 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.

August 15, 2019 Alice Ericson Nassau No comments

Nassau Corporate Credit Named Best US Boutique CLO Manager

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.

June 1, 2019 Alice Ericson Nassau No comments

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