Nassau Re launches insurtech incubator in Hartford
US-based Nassau Re has launched an insurtech incubator to support start-ups focused on the life insurance, annuity and reinsurance industries.
The incubator, Nassau Re/Imagine, will be based in the company's headquarters in Hartford, Connecticut. It will provide office space and business development services for start-ups.
Nassau Re has developed the incubator programme in cooperation with the City of Hartford and Connecticut Innovations.
“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," said Phil Gass, chief executive officer of Nassau Re. "Our industry is changing dramatically, and Hartford’s community and business leaders have created great momentum to attract insurtech entrepreneurs and lead that change.”
Gass added: “Through Nassau Re/Imagine, our goal is to help accelerate Hartford’s transformation as a center for insurtech innovation by fostering new companies that will continue to attract a new generation of talent to the city and state. Further, Nassau Re will provide a free, convenient and supportive environment for founders to develop strong business relationships with Nassau Re and other carriers in the area.”
Hartford Mayor Luke Bronin commented: “Nassau Re’s decision to launch an incubator is another major step forward in our mission to make Hartford a global destination for insurtech innovation. Nassau Re/Imagine demonstrates that there’s tremendous interest in our Capital City from entrepreneurs who are at the cutting edge of the insurance industry.”
Matt McCooe, CEO of Connecticut Innovations, said: “Hartford continues to evolve into an insurtech hub and premier insurance companies, like Nassau Re, are leading the charge by supporting startups in the ecosystem. This incubator will help attract companies to Connecticut and forge stronger relationships between corporates and startups. This is an innovative and exciting new venture by Nassau Re's executive team.”
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