In this difficult time, our thoughts are with those who have been directly affected by COVID-19. Our immediate focus is on taking steps to keep our employees safe while continuing to provide the high quality service our customers expect. As always, we are here for you when you need us most.
Nassau has business resiliency and pandemic plans in place that provide the structure for us to keep our businesses going without interruption. We are closely monitoring this evolving outbreak and implementing aspects of our plans as warranted, including the ability of the Nassau team to work remotely. Further, we are prepared to meet the challenges of the rapidly changing global economy.
Nassau Re/Imagine, Nassau’s insurtech incubator, is one of the reasons why Hartford is part of the emerging Northeast insurtech ecosystem, according to Best’s Review. Best’s points to three northeastern U.S. cities as dominant forces of insurance innovation — Boston, Hartford and New York City. Development of this regional ecosystem was significantly accelerated by the launch of several incubators in Hartford and reflects the insurance industry’s new drive for innovation.
Hartford, CT, Dec. 2, 2019 – Saybrus Partners, LLC today announced that it has acquired Dedicated Distribution Partners, LLC (“DDP”) through an asset purchase agreement. The acquisition expands Saybrus Partners’ carrier platform and third-party annuity distribution reach, which already encompasses a broad range of banks and broker-dealers.
Formed in 2014 and based in Columbus, DDP is a nationwide distributor of fixed and fixed indexed annuities for Reliance Standard Life Insurance Company in the independent broker-dealer space. Similar to Saybrus Partners, DDP offers a high-touch wholesaling model, focused on communication, service and cultivating new opportunities, which differentiates the firm in a competitive space.
Hartford, CT, Oct. 17, 2019 — Nassau Financial Group, L.P. (“Nassau”) today announced that it has entered into a definitive agreement with The Independent Order of Foresters (“Foresters”) for Nassau Life Insurance Company (“NNY”) to acquire Foresters Financial Holding Company, Inc. and Foresters Life Insurance and Annuity Company (“FLIAC”) from Foresters. NNY and FLIAC are New York-domiciled life insurance companies.
The transaction is expected to close in the first quarter of 2020 and is subject to customary closing conditions, including regulatory approval by the New York State Department of Financial Services.
Hartford, CT, Oct. 1, 2019 – Nassau Financial Group (“Nassau”) today announced its entry into the accumulation-focused fixed indexed annuity space with its inaugural product, Nassau℠ Growth Annuity. This product introduction marks Nassau’s latest milestone in an active year of growth across its insurance and annuity businesses. In addition, Nassau continues to take a leading role in the Hartford region’s insurance and insurtech industry through its incubator, Nassau Re/Imagine.