Nassau Financial Group Expands Insurtech Program with New Capital Commitment
HARTFORD, Conn.--(BUSINESS WIRE)--Nassau Financial Group ('Nassau'), a leader in Connecticut's Insurtech community, today announced it is expanding its Nassau Reimagine program to support early and mid-stage startups with a new $10 million capital commitment. The program will target companies in Insurtech, Fintech, Retiretech, and other related sectors in Nassau's primary business locations, including Connecticut and New York.
'We are excited to expand our Nassau Reimagine program with additional capital and resource support. Our program has supported over 100 startups in our communities since its inception in 2019, as a first-of-its-kind among Hartford-based insurance companies. Through this added commitment, we look forward to enabling technological innovation for the insurance industry with new companies in our communities,' said Phil Gass, Chairman and CEO of Nassau.
Established in 2019, Nassau Reimagine has provided resources, support, and connections to more than 100 startups and scaleups who are actively transforming the Insurtech and Retiretech landscapes. It also has led a number of Retiretech conferences, Hartford Innovation Week, and the TalentBridge Program in partnership with University of Connecticut. The capital commitment is the latest expansion of Nassau's mission to advance innovation in the insurance industry.
In addition to leveraging relationships within its existing Reimagine network, Nassau will work with key public and private constituents in identifying investment opportunities, including state economic development programs, academic institutions, industry organizations and other accelerators and incubators.
Interested startups can learn more at Nassau Reimagine.
About Nassau Financial Group
Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau's fixed annuities provide comprehensive and customizable retirement solutions, delivered with advanced digital capabilities and a team dedicated to delivering industry-leading service. Nassau Asset Management LLC and its subsidiaries oversee the assets of Nassau's insurance companies and offer specialty investment strategies to third-party clients. These strategies include public and private debt, CLO debt and equity, real estate debt and equity, and alternatives. Nassau was founded in 2015 and has grown to $24.8 billion in assets under management, $1.7 billion in total adjusted capital, and about 370,000 policies and contracts as of December 31, 2024. For more information, visit nfg.com.
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