AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions, announced today that it has closed on its acquisition of Saybrus Partners, LLC (“Saybrus”), a life insurance and annuity distribution company, from Nassau Financial Group (“Nassau”). Per the agreement, terms of the deal were not disclosed.
“We’re excited to officially open this new chapter with Saybrus Partners and continue our work of delivering industry-leading life and annuities solutions,” said Scott R. Perry, chairman and CEO of AmeriLife. “I want to thank Nassau’s Phil Gass, Saybrus’ Edward Cassidy and his management team, and all of our transaction partners for their support and hard work in shepherding the coming together of Saybrus Partners and AmeriLife.”
As previously announced, Saybrus will continue to operate as a stand-alone organization and brand. Edward Cassidy, along with Aziz Ali, Moira Lowe, and the rest of the Saybrus management team, will continue to lead Saybrus from its Hartford, Conn., headquarters.