Nassau Reinsurance to buy Traditional Insurance business of Universal American

By Luisa Beltran — 4 months ago

Universal American Corp. has agreed to sell its Traditional Insurance business to Nassau Reinsurance Group Holdings LP for about $43 million. Universal American’s Traditional Insurance business includes its Medicare Supplement, Long Term Care, Disability, Life, and other ancillary insurance products, all of which have been in run-off since 2012. Nassau is backed by Golden Gate Capital.


Golden Gate Capital ups Chandna to MD

By Iris Dorbian — 5 months ago

Golden Gate Capital has promoted Rishi Chandna to managing director, according to a spokesperson for the firm. Chandna joined Golden Gate in 2002. Prior to joining the company, he worked at Bain & Company.


Golden Gate commits $750 mln to Nassau Reinsurance platform

By Luisa Beltran — 9 months ago

Nassau Reinsurance Group said Wednesday that it has received initial capital commitments of more than $750 million from Golden Gate Capital to form an insurance and reinsurance platform. Phillip Gass, the former Chairman of Fidelity & Guaranty Life, and Kostas Cheliotis, an ex-Director and Chairman of the Compensation Committee of FGL, are leading the platform and have both invested. Gass will serve as Chairman & CEO of the platform while Cheliotis will be EVP & Chief Operating Officer.


TowerBrook to acquire J.Jill from Arcapita and Golden Gate Capital

By Iris Dorbian — 10 months ago

TowerBrook Capital Partners LP has agreed to buy fashion retailer J.Jill. The sellers are Arcapita and Golden Gate Capital. No financial terms were disclosed. The transaction is expected to be completed in the second quarter of this year. Paula Bennett will continue as president and CEO of J.Jill. Morgan Stanley and Houlihan Lokey provided financial advice to J.Jill on the deal while Macquarie Group was financial advisor to TowerBrook Capital Partners.


Golden Gate Capital taps Parkinson as operative executive

By Iris Dorbian — 1 year ago

Golden Gate Capital has named Jay Parkinson as an operating executive. In his new role, Parkinson will help expand the firm’s focus on the oil and gas sector. Previously, Parkinson worked at Nuverra Environmental Solutions where he served as an executive vice president and chief financial officer.