Hartford, Conn., Feb. 9, 2023 – Nassau Financial Group (“Nassau”) today introduced a new bonus fixed indexed annuity (“FIA”) to its product portfolio, Nassau Bonus AnnuitySM. Issued by Nassau Life and Annuity Company, this latest offering is a single premium accumulation-focused fixed indexed annuity with a premium bonus and guaranteed lifetime withdrawal benefit options.
Nassau Financial Group announces Christine A. Janofsky as Chief Financial Officer
HARTFORD, Conn., Jan. 17, 2023 — Nassau Financial Group today announced that Christine A. Janofsky joined the company as its new Chief Financial Officer.
“I couldn’t be more excited to welcome Christine to the Nassau leadership team,” said Phil Gass, Chairman and Chief Executive Officer of Nassau. “Having worked with Christine in the past, she brings a broad base of experience and expertise that lines up nicely with Nassau’s culture and our plans to accelerate growth across our insurance, reinsurance, and asset management businesses.”
Nassau Financial Group Closes Strategic Transaction and Capital Raise
HARTFORD, Conn. and SAN FRANCISCO, Jan. 9, 2023 — Nassau Financial Group, L.P. (“Nassau”) and Angel Island Capital Management, LLC (“AIC”) today announced that Nassau has merged with AIC. AIC has become a subsidiary of Nassau’s asset management segment, Nassau Asset Management LLC.
Founded in 2008 by Golden Gate Capital, AIC is a specialty credit investment firm that currently manages $3.6 billion in assets including its balance sheet capital of approximately $300 million. AIC will continue to be led by Alex Dias, CEO and Managing Director, and Jonathan R. Insull as Lead Portfolio Manager and Managing Director.
Nassau Re/Imagine Launches New TalentBridge23 Incubator Program
HARTFORD, Conn., Dec. 5, 2022 – Nassau Re/Imagine today announced the launch of TalentBridge23, a six-month incubation program that will connect talent, innovation, and opportunity within the Hartford insurtech community beginning in January, 2023.
Nassau Re/Imagine will run the program, which is also sponsored by CGI and LTIMindtree in conjunction with the University of Connecticut (UConn), and University of Hartford (UHart).
Ten startups working to address two important issues for seniors – retirement and health – were selected for the program.
Prior to the January start, these startups will be partnered with mentors from one of the three sponsoring companies, a university faculty advisor, at least one experienced industry advisor, and an investor. They also will be matched with interns in the joint UConn/UHart insurtech program.
Nassau Financial Group to Acquire Delaware Life Insurance Company of New York
HARTFORD, Conn., Nov. 18, 2022 – Nassau Financial Group, L.P. (“Nassau”) today announced that it has entered into a definitive agreement for its subsidiary, Nassau Life Insurance Company (“NNY”), to acquire Delaware Life Insurance Company of New York (“DLNY”) from Delaware Life Insurance Company (“Delaware Life”). NNY and DLNY are New York-domiciled life insurance companies.
The transaction is expected to close in the second half of 2023 and is subject to customary closing conditions, including receipt of regulatory approvals.
“As Nassau’s fourth insurance acquisition, this transaction marks yet another step in our growth plans to expand our New York insurance business. We appreciate the opportunity to work closely with Delaware Life, providing seamless execution in support of their strategic objectives,” said Phil Gass, Chief Executive Officer of Nassau. “With our similar lines of business and widely recognized best-in-class service, we stand ready to welcome DLNY’s policyholders to Nassau.”