Reinsurance News
Nassau Re
Symetra Partners with Nassau Re/Imagine insurtech incubator
10th July 2020
Symetra Life Insurance Company has announced a partnership with the Nassau Re/Imagine insurtech incubator designed to tap the creative and developmental opportunities in the region’s insurance industry talent pipeline. The program currently supports 19 startups focused on solving critical problems for the life, annuity, reinsurance, and property & casualty sectors. “At Symetra, ... Read the full article
Nassau acquires Foresters Life Insurance and Annuity Company
6th July 2020
Nassau Financial Group, an insurance and financial services firm based in Hartford, CT, has completed the acquisition of Foresters Life Insurance and Annuity Company (FLIAC) from The Independent Order of Foresters. Nassau offers a range of insurance and fixed annuity solutions, as well as reinsurance, insurance distribution, and asset management capabilities ... Read the full article
Nassau selects digital administration platform from SE2
31st October 2019
Nassau Financial Group, L.P. has selected the digital platform from SE2, a third-party administration (TPA) services provider, to convert and manage existing life and annuity policies across multiple legacy systems. The SE2 Aurum platform is designed to enhance customer experience, optimise cost structure, and increase speed-to-market for future products. SE2 currently manages ... Read the full article
Nassau agrees to acquire Foresters life insurance & annuity firm
18th October 2019
Hartford, U.S. domiciled insurer and reinsurer, Nassau Financial Group, L.P. has announced that its subsidiary, Nassau Life Insurance Company (NNY), is to acquire Foresters Financial Holding Company, Inc. and Foresters Life Insurance and Annuity Company (FLIAC) from The Independent Order of Foresters (Foresters). Both NNY and FLIAC are New York-based life ... Read the full article
InsurTech incubator Nassau Re/Imagine launches
21st February 2019
Nassau Re has announced the establishment of an InsurTech incubator, Nassau Re/Imagine, launched to assist selected start-ups focused in life insurance, annuity and reinsurance industries. The reinsurer's new InsurTech incubator is to be based in its Boat Building headquarters in Hartford, Connecticut, and will provide complimentary office space as well as business ... Read the full article
Nassau Re implements new investment strategies, creates Private Credit unit
13th February 2019
Private equity-backed reinsurer Nassau Re has created a new investment unit, called Nassau Private Credit (NPC), as part of the implementation of new investment strategies in its asset management segment. NPC will enable Nassau Re to invest directly in collateralised loan obligation (CLO) equity and related investments for third-party institutional investors. The ... Read the full article
Nassau Re secures $200m of new capital for growth, rebranding of core subsidiaries
27th November 2018
Private equity-backed reinsurer Nassau Re has secured an additional $200 million of committed equity from its existing sponsor, Golden Gate Capital, in order to support growth plans currently in place for the company’s fixed annuity and life insurance businesses. Following a rebranding of its core insurance subsidiaries into a single Nassau ... Read the full article
Nassau Re launches first re/insurance product under new brand
23rd March 2018
Nassau Re has announced the launch of a new single-premium multi-year guarantee annuity (MYGA), which will be the first new addition to its re/insurance offerings since its acquisition of Phoenix in 2016. The new product, called Nassau MYAnnuity (5X, 7X), will renew the company’s focus on consumer value and choice, and ... Read the full article