Oceanview Holdings Ltd., a provider of annuities and reinsurance solutions, has established its new subsidiary, Oceanview Secure Reinsurance Ltd., in the Cayman Islands.
The new subsidiary has been awarded a Class D Insurer’s license by the Cayman Islands Monetary Authority (CIMA).
This strategic expansion strengthens Oceanview’s ability to deliver innovative reinsurance solutions globally.
With this launch, the parent company would also be able to facilitate a broader array of customized reinsurance products to meet a wide variety of client requirements.
Bill Egan, Chief Executive Officer, Oceanview Holdings Ltd., commented, “Launching Oceanview Secure Reinsurance Ltd. is a strategic move to enhance our reinsurance capabilities and expand our global footprint.
“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.
“We are thrilled to extend our operational excellence to the Cayman Islands, offering our clients unparalleled reinsurance services with enhanced flexibility and efficiency.”
