ThinkAdvisor reports on our first new annuity introduced since the Nassau Re acquisition, NassauMYAnnuity (5X, 7X).
The product is a single-premium, multi-year guarantee annuity. The annuity pays a guaranteed rate of interest, and a purchaser can choose between a 5-year or 7-year guarantee period. The current rate is 3.4% for the 5X version of the annuity and 3.5% for the 7X version.
Hartford, CT, March 20, 2018 – Nassau Re today announced it has added a single-premium multi-year guarantee annuity (MYGA) to its insurance offerings, Nassau MYAnnuitySM (5X, 7X). It is the first new insurance product offering from Phoenix since its acquisition in 2016, and it launches a renewed emphasis on innovative products focused on strong consumer value and choice through Nassau Re’s insurance segment. Nassau MYAnnuity is available through independent marketing organizations (IMOs).
New York, NY, August 17, 2017 – Natixis recently closed the Nassau 2017-I Ltd., a US$438 million broadly syndicated collateralized loan obligation (CLO) to be managed by NCC CLO Manager LLC, a subsidiary of Nassau Corporate Credit LLC (NCC). The CLO is the debut transaction for the NCC platform and was upsized following strong demand from investors.
Hartford, CT, May 1, 2017 – The Phoenix Companies, Inc. (Phoenix) launched a new public website today, enhancing consumer resources including interactive needs-based education, self-service capabilities and easier ways to contact Phoenix and find an independent agent. The new website is part of a larger rebrand strategy that leverages the strength of the growing Nassau Re family of brands and Phoenix’s own 166-year history.
Hartford, Conn., Sept. 19, 2016 – The Phoenix Companies, Inc. (Phoenix) introduced its new corporate brand today, aligning Phoenix’s logo to its new parent company, Nassau Reinsurance Group Holdings, L.P. (Nassau Re). The change coincides with a refreshed look for Nassau Re and the introduction of a consistent brand across its enterprise. Phoenix adopted Nassau Re’s lighthouse as its logo, which represents strength, stability, reliability and guidance. It is a well-suited symbol for a company with a 165-year history of protecting its customers’ financial futures.