Paul Tyler, Nassau Re’s chief marking officer, talks about boosting insurance innovation in Hartford with the newly formed insurtech accelerator. Hartford InsurTech Hub opened in January, driven by Startupbootcamp, a Danish firm the operates accelerators in several industries.
“Paul Tyler moved to Hartford, Conn., in 2016 as chief marketing officer for Phoenix Life Insurance. Hartford has long been an insurance hub, and Tyler was eager to learn how the industry was responding to changes in consumers’ buying habits.
““When I arrived in Hartford, I was thinking, wow, there’s got to be a lot of stuff going on,’’ Tyler says. “I started reaching out to a lot of people to see what was happening, and it was very, very quiet, just kind of waiting for somebody to throw a match.”
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).
S&P Global announced an upgrade in ratings for our companies to ‘BB.’ In the report the firm released, the analysts specifically cited progress in transformation and turnaround plan following acquisition by Nassau Reinsurance Group Holdings, L.P. in 2016. The firm raised its ratings on Phoenix Cos. Inc., Phoenix Life Insurance Co., and PHL Variable Insurance Co. In addition, S&P put the company on stable outlook which “means that we expect Phoenix to improve its operating performance and capitalization metrics through execution of its strategic initiatives.”
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.