Menu

Reinsurance News

Oceanview Re enters $1bn fixed annuity reserves transaction

24th December 2020 - Author: Katie Baker

Oceanview Reinsurance Ltd., a recently established life reinsurer based in Bermuda, has entered into a transaction to assume approximately $1 billion of fixed annuity reserves from an A++ rated US life insurer which represents legacy fixed annuity business.

The reinsurer is led by President and CEO Alberto Autmezguine, who previously served as Head of Annuities Valuation at Prudential Financial in the U.S. Prior to this, he was SVP and Chief Actuary at ACE Tempest Life Reinsurance in Bermuda.

The executive team also consists of Vice President and Chief Actuary Pierangelo Falcucci, and Chief Financial Officer Lynn Superina.

It leverages the asset management expertise of Bayview Asset Management, an investment firm based in Coral Gables, Florida, which primarily focuses on mortgage credit.

Oceanview Re specialises in partnering with US life insurance companies to develop customised reinsurance solutions and address their corporate needs for fixed annuities and other asset intensive life insurance liabilities.

RMS

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Core Specialty appoints Jeff Jacobs to SVP role

Core Specialty Insurance Holdings has announced the appointment of Jeff Jacobs as Senior Vice President, Head of Errors and Omissions...

Close