Mission

Nassau Cayman Ltd. is a holding company based in the Cayman Islands with reinsurance operations in the Cayman Islands and Bermuda, focusing primarily on reinsuring life, annuity, and long term care insurance liabilities. With extensive experience as owner-operators of numerous insurance, reinsurance, distribution and asset management businesses, we believe we have a competitive advantage in building a unique platform over the long term. We currently have consolidated assets of $2 billion.

We are a subsidiary of Nassau Re, which was founded in 2015 with an equity seed capital commitment of $750 million provided by Golden Gate Capital, a private investment firm with over $15 billion of committed capital.

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

Mr. Gass has served as Chairman and CEO of Nassau Re since its formation in April 2015. Mr. Gass previously served as Chairman and Director of Fidelity & Guaranty Life (NYSE: FGL) from 2011 through 2015. Mr. Gass 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, Mr. Gass served as Vice President of GE Capital, where he was responsible for underwriting and managing private equity investments from 2004 to 2008. He held roles at Dresdner Kleinwort Wasserstein and the Sumitomo Bank. Mr. Gass received a B.S. in Finance from New York University and is a CFA charter holder.
Director

Kostas Cheliotis

Mr. Cheliotis has served as Chief Operating Officer and General Counsel of Nassau Re since its formation in April 2015. Mr. Cheliotis 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 & Chairman of the Compensation Committee of Fidelity & Guaranty Life (NYSE: FGL). Prior to joining HRG and FGL in 2010, Mr. Cheliotis was a senior associate in the M&A Group at Milbank, Tweed, Hadley & McCloy. He received his 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 a member of the Law Review.
Director & Chief Operating Officer

Graham Mackay

Mr. Mackay is responsible for underwriting and management of Nassau Re’s reinsurance transactions and for the day to day operations of Nassau Re’s offshore affiliates. Mr. Mackay has 35 years of experience providing reinsurance solutions to his clients operating in major insurance markets around the world. Mr. Mackay has previously served in similar capacity for Beechwood in Bermuda from 2014 through 2015 and ING Re in Ireland from 2000 through 2002. Mr. Mackay 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. Mr. Mackay has also served as an actuarial advisor on reinsurance related issues for Milliman and Ernst & Young. Mr. Mackay 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

Press

Nassau Reinsurance Group Holdings Completes Acquisition of Traditional Insurance Business from Universal American"

Business Wire - Hartford, CT & White Plains, NY - August 3, 2016

Nassau Reinsurance Group Holdings Completes Acquisition of The Phoenix Companies"

Business Wire - NYC and Hartford - June 20, 2016

Nassau to Acquire Universal American's Traditional Insurance Business"

Business Wire -NYC - October 8, 2015

Nassau Reinsurance Group to Acquire The Phoenix Companies…"

Business Wire -NYC and Hartford - September 29, 2015

Nassau Reinsurance to Take Phoenix Cos. Private in $217.2 Million Deal"

Wall Street Journal - September 29, 2015

Nassau Reinsurance Group Raises over $750 Million of Initial Capital to Build Insurance and Reinsurance Platform"

Business Wire -NYC - May 13, 2015

Golden Gate is joining peers attracted to the business of selling annuities, which are savings and retirement-income products, as well as life insurance... The company will be led by insurance-industry executives Phillip Gass and Kostas Cheliotis."

Wall Street Journal - May 13, 2015

Contact us

We intend to reshape the insurance industry.
Send us a note if you want to invest with us or build a career.

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