Reinsurance News
Ocean Re
AM Best upgrades Ocean Re’s credit ratings
30th March 2026
Ocean International Reinsurance Company Limited (Ocean Re) has had its Financial Strength Rating upgraded to A (Excellent) from A- (Excellent) and its Long-Term Issuer Credit Rating upgraded to “a” (Excellent) from “a-” (Excellent) by AM Best, with the outlook of these ratings revised to stable from positive. AM Best notes that ... Read the full article
Profitability strong for global emerging market reinsurers: Fitch
18th August 2025
According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past two years. Patria is the largest by net premiums written ... Read the full article
Diego Cervantes-Knox appointed Group COO at Ocean Re
9th July 2025
Diego Cervantes-Knox is joining Ocean Re, a Barbados-headquartered reinsurer, as Group Chief Operating Officer (COO), effective this September. In his new role, Cervantes-Knox will focus on accelerating growth, scaling operations, and modernizing infrastructure by integrating capital, operations, and innovation within the reinsurer. The executive brings a wealth of experience to Ocean Re, ... Read the full article
Ocean Re appoints Neil Bramley as Global Head of Treaty Underwriting
20th May 2024
Ocean International Reinsurance Company Ltd. (Ocean Re) has appointed Neil Bramley as the Global Head of Treaty Underwriting, based out of London. Bramley is a market veteran with over 24 years of experience. Prior to this role, he served as a Specialty Account Executive at reinsurance broker, Gallagher Re for over ... Read the full article
AM Best revises Ocean Re’s outlooks to Positive and affirms Credit Ratings
26th January 2024
AM Best has revised the outlooks to positive from stable of Ocean Re, a Barbados-based reinsurer, a move that recognizes its disciplined underwriting. The rating agency also affirmed the reinsurer’s Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long Term ICR) of “a-” (Excellent). “The Credit Ratings ... Read the full article
Oceanview Re appoints Timothy Gasaatura as Chief Actuary
11th April 2023
Oceanview Reinsurance Ltd., a wholly-owned reinsurance subsidiary of Oceanview Holdings Ltd., has appointed Timothy Gasaatura to the role of Chief Actuary. With a background in valuation, capital management, and risk mitigation across both life and general insurance sectors, Gasaatura brings close to two decades of industry experience to his new role. He ... Read the full article
Ocean Re hires former Canopius reinsurance head Jamie Wakeling as CUO
5th April 2023
Ocean International Reinsurance Company Ltd. (Ocean Re) has appointed Canopius Group’s Jamie Wakeling as Chief Underwriting Officer (CUO). A highly experienced veteran across the industry, Wakeling joins Ocean Re after spending just under 20 years of service at Canopius. He joined the firm in 2001 as an underwriter and would serve in ... Read the full article
Ocean Re announces new agreement with Moody’s RMS
21st February 2023
Ocean Reinsurance has signed a new agreement with Moody’s RMS, a global catastrophe risk modelling and solutions company, to help develop and expand client opportunities. The reinsurer aims to do this through the use of the Risk Modeler and ExposureIQ applications, both running on the Moody’s RMS Intelligent Risk Platform. Carlos Chamorro, ... Read the full article
Ocean Re acquires Oceva Risk
17th August 2022
Ocean International Reinsurance Company Limited (Ocean Re) has announced that it has acquired Oceva Risk Solutions Limited, a London Market-facing business that is fully authorised by the Financial Conduct Authority (FCA). As part of the deal, which has been approved by the FCA, Ocean Re has also acquired Oceva Europe ApS, ... Read the full article
Barbados reinsurers Ocean Re & Energy Risk Re merge
2nd March 2020
Barbados-based reinsurers Ocean International Reinsurance Company Limited (Ocean Re) and Energy Risk Re (ERIRE) have completed a merger of their operations. The transaction has been executed after months of negotiations, with all necessary regulatory authorisations obtained back in December. ERIRE is now the major shareholder of the combined operations, following a multi-transactional ... Read the full article
Ocean Re establishes Mexico office, appoints head
27th March 2018
Ocean International Reinsurance Company Limited (Ocean Re) has announced the establishment of a new representative office in Mexico, and has named Lockton’s Rebecca Peña as its head. Most recently, Peña served as Senior Vice President in the brokers and reinsurance division of Lockton México, and brings over 18 years’ re/insurance industry ... Read the full article
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