Oceanview Expands Global Reinsurance Operations with New Cayman Islands Subsidiary, Oceanview Secure Reinsurance Ltd., offering Global Reach and Tailored Solutions
June 26 2024 - 8:00AM
Business Wire
Enhances Oceanview’s ability to support global reinsurance
clients
Facilitates a broader array of customized reinsurance
products
Oceanview Holdings Ltd. (Oceanview), a prominent provider of
annuities and reinsurance solutions, today announced the
establishment of its new subsidiary, Oceanview Secure Reinsurance
Ltd., in the Cayman Islands. This strategic expansion strengthens
Oceanview's ability to deliver innovative reinsurance solutions
globally.
Oceanview Secure Reinsurance Ltd. has been awarded a Class D
Insurer's license by the Cayman Islands Monetary Authority
(CIMA).
"Launching Oceanview Secure Reinsurance Ltd. is a strategic move
to enhance our reinsurance capabilities and expand our global
footprint," said Bill Egan, CEO of Oceanview Holdings Ltd.
"Oceanview is now able to provide comprehensive reinsurance
solutions to clients through both its Bermuda reinsurer, Oceanview
Reinsurance Ltd., and its new Cayman Islands subsidiary, Oceanview
Secure Reinsurance Ltd. This dual-jurisdiction approach offers our
clients increased flexibility, greater efficiency and access to
tailored reinsurance products."
Key Benefits of Launch of Oceanview Secure Reinsurance
Ltd.:
- Global Reach: Complements and enhances Oceanview’s
ability to provide global clients with advanced reinsurance
options.
- Tailored Solutions: Facilitates a broader array of
customized reinsurance products to meet a wide variety of client
requirements.
"We are thrilled to extend our operational excellence to the
Cayman Islands, offering our clients unparalleled reinsurance
services with enhanced flexibility and efficiency," added Egan.
About Oceanview Oceanview Holdings Ltd., established in
2018, provides retail annuities and asset-intensive reinsurance
solutions through its subsidiaries. Oceanview Life and Annuity
Company, an Alabama-domiciled insurer licensed in 47 states, and
Oceanview Reinsurance, Ltd., a Bermuda Class E insurer, are rated
"A" (Excellent) by A.M. Best. On a consolidated basis, Oceanview
had over $12 billion in assets as of year-end 2023.
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Matthew Baker Oceanview Insurance
MatthewBaker@oceanviewinsurance.com