On November 18, Delaware Life Insurance Company (Delaware Life) announced the proposed sale of its subsidiary, Delaware Life Insurance Company of New York, to Nassau Financial Group, L.P. Willkie represented Delaware Life on this transaction.

Delaware Life Insurance Company of New York is a provider of fixed annuities, variable annuities, and life insurance products with 16,000 policies in force and approximately $1.8 billion in assets as of September 30, 2022. The company does not have employees, and its business has been managed as part of Delaware Life.

Nassau Financial Group is a financial services company based in Hartford, Connecticut, with three distinct and closely connected businesses: insurance, reinsurance and asset management.

The Willkie team was led by partners Allison Tam and Michael Stern and included partners Vadim Mahmoudov and Genevieve Dorment and associates Marissa Cantu and Melissa Rodriguez.