Nassau Financial Group, L.P. has entered into a definitive agreement for its subsidiary, Nassau Life Insurance Company (NNY), to acquire Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company.
The transaction is expected to close in the second half of 2023.
The transaction is also subject to customary closing conditions, including receipt of regulatory approvals.
Both NNY and DLNY are New York-domiciled life insurance companies.
