Oceanview Reinsurance Ltd., a simply recently established life reinsurer based in Bermuda, has actually participated in a deal to presume around $1 billion of fixed annuity reserves from an A++ ranked United States life insurance service provider which represents tradition fixed annuity company.

oceanview re goes into 1bn fixed annuity reserves deal

The reinsurer is led by President and CEO Alberto Autmezguine, who previously worked 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 group also consists of Vice President and Chief Actuary Pierangelo Falcucci, and Chief Financial Officer Lynn Superina.

It leverages the belongings management know-how of Bayview Asset Management, a financial investment company based in Coral Gables, Florida, which generally focuses on home mortgage credit.

Oceanview Re specialises in partnering with United States life insurance business to develop customised reinsurance services and fix their business requirements for repaired annuities and other ownership extensive life insurance liabilities.

The post Oceanview Re goes into $1bn repaired annuity reserves deal appeared initially on ReinsuranceNe.ws.

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