American re/insurer Nassau Re has launched an insurtech incubator to provide support to start-ups focussed on life insurance, annuity and reinsurance industries.
Known as Nassau Re/Imagine, the insurtech incubator will be based in its Boat Building headquarters in Hartford, Connecticut.
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Developed in partnership with the City of Hartford and Connecticut Innovations, the new platform will also offer complimentary office space and business development services to start-ups.
To support its incubator, Nassau Re will provide up to 48,000ft² of workspace which will have flexible, open space configurations to accommodate businesses of different sizes and types.
Apart from office space, the start-up will also be offered legal, human resources, and business development support.
Nassau Re CEO Phil Gass said: “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.
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By GlobalData“Through Nassau Re/Imagine, our goal is to help accelerate Hartford’s transformation as a centre 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.”
Connecticut Innovations CEO Matt McCooe 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.”
