Mission

Nassau Re (Cayman) Ltd. is based in the Cayman Islands and focuses primarily on reinsuring life, annuity, and long term care insurance liabilities. We currently have total assets of $1.8 billion*.

We are a subsidiary of Nassau Financial Group, which was founded in 2015 with capital provided by Golden Gate Capital, a private investment firm with over $17 billion of committed capital.

*As of 9/30/20

Life Insurance

Universal life, fixed indexed universal life, whole and term life insurance

Annuities

Fixed indexed annuities, traditional fixed, immediate annuities

Long Term Care

Individual, group, association & riders on other types of policies

Our executive team

We attract and retain the top insurance talent in the industry.

Director

Phil Gass

Phil is a co-founder of Nassau and serves as chairman and chief executive officer.

Phil previously served as chairman and director of Fidelity & Guaranty Life (NYSE:FGL) from 2011 through 2015. He also previously served as managing director of investments at HRG Group, Inc. (NYSE:HRG) where he was responsible for HRG and its affiliates' investments in financial services.

Prior to joining HRG and its affiliates in 2008, Phil served as vice president of GE Capital, where he was responsible for underwriting and managing private equity investments from 2004 to 2008. He also previously held roles at Dresdner Kleinwort Wasserstein and the Sumitomo Bank.

Phil holds a B.S. in finance from New York University and is a CFA charter holder.
Director

Kostas Cheliotis

Kostas, also known as Gus, is a co-founder of Nassau and is responsible for legal affairs, strategy and corporate functions.

He previously served as senior vice president and deputy general counsel of HRG Group, Inc. (NYSE:HRG) where he focused on investments in financial services including insurance, reinsurance and asset management. He also previously served as director of Fidelity & Guaranty Life (NYSE:FGL).

Prior to joining HRG and FGL in 2010, Kostas was a senior associate in the M&A Group at Milbank, Tweed, Hadley and McCloy.

He holds a B.A. from St. John's University, magna cum laude, and his J.D. from New York Law School, summa cum laude, where he was an Articles Editor on the Law Review.
Director & Chief Operating Officer

Graham Mackay

Graham is responsible for underwriting and management of Nassau Re Cayman’s reinsurance transactions and for the day-to-day operations of its offshore affiliates. He has over 35 years of experience providing reinsurance solutions to his clients operating in major insurance markets around the world.

Graham previously served in similar capacity for Beechwood in Bermuda from 2014 through 2015 and ING Re in Ireland from 2000 through 2002. He has also served in technical and management roles for many of the leading professional reinsurers including Mercantile & General Re, Imagine Re, Lincoln Re, and Duncanson & Holt, and served as an actuarial advisor on reinsurance related issues for Milliman and Ernst & Young.

Graham is a Fellow of the Society of Actuaries, a Fellow of the Canadian Institute of Actuaries, and a Member of the American Academy of Actuaries. He holds a Bachelor of Mathematics from University of Waterloo.

Founders

Phil Gass

Director

Kostas Cheliotis

Director

Graham Mackay

Director & COO

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