Nassau Re launches insurtech incubator in Hartford

Nassau Re has launched an insurtech incubator program that will support startups with free office space and business development services.

Branded Nassau Re/Imagine, the program will be located in Nassau Re’s Boat Building headquarters in Hartford, Conn., and in cooperation with the City of Hartford and Connecticut Innovations. It will focus on companies in the life insurance, annuity and reinsurance industries.

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Commercial buildings stand in the central business district of Tokyo, Japan, on Monday, June 25, 2018. The Bank of Japan's (BOJ) Tankan quarterly business survey for June, scheduled to be released on July 2, is likely to show concerns about U.S. tariffs putting a dent in business sentiment. Photographer: Tomohiro Ohsumi/Bloomberg

Applications are currently being accepted for the new workspace. The plan is to accommodate companies of different sizes, and provide HR, legal and business development support. Phil Gass, CEO of Nassau Re shared, “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 continues to evolve into an insurtech hub and premier insurance companies, like Nassa uRe, are leading the charge by supporting startups in the ecosystem,” said Matt McCooe, CEO of Connecticut Innovations. “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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