Announced
Completed
Financials
Sources
Tags
Majority
Private
Domestic
Acquisition
Single Bidder
Friendly
United States
insurance products
Life Insurance
Completed
Synopsis
Nassau Financial, a financial services company, completed the acquisition of Delaware Life Insurance of New York from Delaware Life Insurance, a provider of annuity and life insurance products. Financial terms were not disclosed. “As Nassau’s fourth insurance acquisition, this transaction marks yet another step in our growth plans to expand our New York insurance business. We appreciate the opportunity to work closely with Delaware Life, providing seamless execution in support of their strategic objectives. With our similar lines of business and widely recognized best-in-class service, we stand ready to welcome DLNY’s policyholders to Nassau,” Phil Gass, Nassau CEO.
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