Hartford's Boat Building, now home to LTI's new engagement center.
A Hartford reinsurance company is launching a new insurtech incubator in the city.
Nassau Re announced the launch of Nassau Re/Imagine Thursday, saying it will be based in the company’s iconic Boat Building headquarters. Nassau Re/Imagine will support startups focused in the life insurance, annuity and reinsurance sectors and will provide complimentary office space and business development services.
“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. Our industry is changing dramatically, and Hartford’s community and business leaders have created great momentum to attract insurtech entrepreneurs and lead that change,” Nassau Re CEO Phil Gass said in a statement.
Gass said the incubator is intended to “help accelerate Hartford’s transformation as a center for insurtech innovation” by attracting a new generation of talent to the city.
Nassau Re will contribute up to 48,000 square feet over the next three years to support Nassau Re/Imagine. The workspace will have flexible, open space configurations to accommodate different sizes and types of businesses. In addition, the startups will receive legal, human resources, and business development support.
Nassau Re developed the incubator program in cooperation with the city of Hartford and Connecticut Innovations.
“Hartford continues to evolve into an insurtech hub and premier insurance companies, like NassauRe, are leading the charge by supporting startups in the ecosystem,” Matt McCooe, CEO of Connecticut Innovations, said in a statement. “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 NassauRe’s executive team.”
Nassau Re/Imagine is currently accepting applications for the program, led by Paul Tyler, chief marketing officer for Nassau Re. For more information, contact ptyler@nsre.com.
