AM Best has upgraded the financial strength ratings of all Nassau Re insurance subsidiaries to B+ from B and maintained a stable outlook. AM Best specifically highlighted several key accomplishments, including strengthening our balance sheet, improving our operating performance, and growing our annuity business.
The upgrade clearly acknowledges all the hard work of our employees and distribution partners over the past three years and reflects the progress we have made on many fronts.
Hartford, CT, March 15, 2019 – Nassau Re/Imagine is proud to announce that Luminant Analytics has joined the Hartford-based incubator. Luminant Analytics is a B2B company from Switzerland that provides analytical insights and predictive models for insurance companies. The startup improves insurance pricing by including quantitative future predictions about key external trend changes instead of simply relying on internal historical loss data.
Hartford, CT, March 12, 2019 — Nassau Re has selected InsurTech Hartford to manage the launch and service delivery for Nassau Re/Imagine, an insurtech incubator based in the company’s iconic Boat Building headquarters in Hartford, Connecticut.
“We intend Nassau Re/Imagine to build on all the great progress made over the last several years in the Hartford area. After sponsoring several events organized by InsurtTech Hartford, it was only natural for us to leverage their skills and talent to make our incubator a success,” said Paul Tyler, Chief Marketing Officer for Nassau Re, who leads the program.
Los Angeles – February 28, 2019 – Life companies intend to be very active in 2019 and there is still postive relative value in CML’s as compared to alternative investments. Significant spread compression has occurred in “BB” corporate bond spreads, which have tightened 41 bps this month (-15.89%) while “A” rated CMBS bond spreads declined 43 bps (-20%). “A” and “BBB” corporate bonds also saw a decrease in spreads, but not as significant for this month representing a decline of 4 and 5 bps, respectively. There is downward pressure on CML spreads due to the perceived lack of supply for good quality lending opportunities and postive relative value as compared to other asset classes.
Hartford, CT, Feb. 20, 2019 –Nassau Re today announced the launch of Nassau Re/Imagine, an insurtech incubator based in the company’s iconic Boat Building headquarters in Hartford, CT. Nassau Re/Imagine will support selected startups focused in the life insurance, annuity and reinsurance industries and will provide complimentary office space and business development services.
“We are excited to launch our Nassau Re/Imagine initiative, as Nassau Re looks to be a leader in Hartford’s emerging insurtech expansion plans. Our industry is changing dramatically, and Hartford’s community and business leaders have created great momentum to attract insurtech entrepreneurs and lead that change,” said Phil Gass, Chief Executive Officer of Nassau Re.