Alice Ericson

Nassau Financial Group Announces Close of $250 Million in Credit Facilities

HARTFORD, Conn., Feb. 22, 2024 — Nassau Financial Group (“Nassau”) announced today that it has closed on a $150 million revolving credit facility and a $100 million term loan credit facility, arranged by RBC Capital Markets. This new agreement includes a refinancing and upsizing of an existing revolving credit facility arranged by RBC Capital Markets in 2022 and a new term loan credit facility.

Both facilities will provide Nassau with additional financial flexibility to execute on growth plans across its insurance and asset management businesses.

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Alice EricsonNassau Financial Group Announces Close of $250 Million in Credit Facilities
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AM Best Revises Issuer Credit Rating Outlook to Positive

After another great year in 2023, AM Best has revised the outlook to positive for Nassau’s Long-Term Issuer Credit Ratings. AM Best also affirmed Nassau’s Financial Strength Rating (FSR) at B++.

We’ve already hit the ground running in 2024 with the launch of our innovative new fixed indexed annuity, Nassau Income Accelerator. It’s just one way we are working harder to be your carrier of choice.

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Alice EricsonAM Best Revises Issuer Credit Rating Outlook to Positive
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Nassau Financial Group Launches Innovative New Fixed Indexed Annuity Product

Hartford, Conn., Jan. 16, 2024 – Nassau Financial Group (“Nassau”) today introduced a new, innovative fixed indexed annuity (“FIA”) to its product portfolio, Nassau Income Accelerator. Nassau’s latest offering is a single premium fixed indexed annuity with flexible guaranteed lifetime income options that help retirees delay, and therefore increase, their Social Security and other retirement benefits.

“For retirees faced with the tough decision of when to start their Social Security payments, Nassau makes it easier with our latest innovative annuity product, Nassau Income Accelerator,” said Phil Gass, Chairman and CEO of Nassau. “Our goal in developing this product was to offer much more flexibility that would allow individuals to optimize all their retirement income sources.”

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Alice EricsonNassau Financial Group Launches Innovative New Fixed Indexed Annuity Product
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NCA Realty Partners Funds Development of Elizabethtown Warehouse

PHILADELPHIA, December 6, 2023 – NCA Realty Partners LLC today announced it has entered into a partnership with Catalyst Commercial Development to develop a Class A distribution center in Elizabethtown, Pennsylvania.

Located at 156 W. Harrisburg Ave., the industrial facility is currently under development with plans to total 392,000 square feet, and delivery scheduled in mid-2024. The site consists of nearly 43 acres in one of the most utilized logistics corridors in the state. The facility will offer prospective tenants 36-foot clear heights, 347 trailer and car parking spaces and ample additional outdoor storage capability. 156 W Harrisburg offers convenient access to major regional highways and national and global distribution centers.

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Alice EricsonNCA Realty Partners Funds Development of Elizabethtown Warehouse
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CRE 2024 outlook

In part three of the Insurance Asset Risk/Invesco roundtable, insurers look at the outlook for CRE in the next 18 months—and the economic realities of the world we find ourselves in.

Nassau CorAmerica CEO Bill Petak was one of six industry leaders to participate.

Attendees:

Randy Brown, chief investment officer, Sun Life
Charlie Rose, global head of credit, Invesco Commercial Real Estate Finance Trust
Robert O’Rourke, head of real estate, Guardian Life
Bill Petak, CEO, Nassau CorAmerica
Jean-Roch Sibille, chief investment officer, Allianz Life
Dan North, senior economist North America, Allianz Trade
Chaired by Sarfraz Thind, US Editor, Insurance Asset Risk

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Alice EricsonCRE 2024 outlook
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