Nassau Re, a Hartford, CT-based insurtech that specializes in insurance, reinsurance, distribution, and asset management, as per recent reports, has announced the launching of “Nassau Re/Imagine”, an insurtech incubator based in Nassau Re’s Boat Building headquarters in Hartford, Connecticut.
The Nassau Re/Imagine incubator will extend its support to selected start-ups, whose prime area of focus are the life insurance, annuity, and reinsurance industries. Additionally, the insurtech incubator will also be providing complimentary office space and business development services to these selected start-ups.
Phil Gass, chief executive officer of Nassau Re, says, “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”.
Adding more, Gass says, “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.”
The Hartford-based Nassau Re developed the incubator program in cooperation with the City of Hartford and Connecticut Innovations. The insurtech will be contributing up to 48,000 square feet over the next three years to support the Nassau Re/Imagine incubator program, along with the extended support to start-ups on the context of legal, human resources, and business development.