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Nassau Financial Group Completes Acquisition Of Delaware Life Insurance Company Of New York

Jul 03, 2023•about 2 years ago

Acquiring Company

Nassau Financial Group

Acquired Company

Life Insurance

HartfordFinancial Services

Description

Nassau Financial Group, L.P. (“Nassau”) today announced that its subsidiary, Nassau Life Insurance Company (“NNY”), has completed the acquisition of Delaware Life Insurance Company of New York (“DLNY”) from Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company.

Company Information

Company

Nassau Financial Group

Location

Hartford, Vermont, United States

About

Based in Hartford, Connecticut, Nassau Financial Group is a growth-focused financial services company with insurance and asset management businesses. A leading fixed annuity insurance carrier, Nassau provides comprehensive and customizable retirement solutions, delivered with advanced digital capabilities and industry-leading service. Nassau Asset Management oversees the assets of Nassau’s insurance companies and offers its 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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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