Oceanview Reinsurance Assumes $1 Billion in Fixed Annuity Reserves

Oceanview Reinsurance Ltd. (Oceanview Re), a Bermuda Class E insurance company, today announced that it has entered into a transaction to assume approximately $1 billion of fixed annuity reserves from an A++ rated U.S. life insurance company which represents legacy fixed annuity business.

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Business Wire, Inc.Business Wire, Inc.
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Saturday, December 19, 2020
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Professional services, Insurance, Finance, Actuarial science, Reinsurance, Insurance, Finance, Annuity, Reinsurance companies, Money
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BERMUDA, CARIBBEAN
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OCEANVIEW RE
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Key Points: 
  • Oceanview Reinsurance Ltd. (Oceanview Re), a Bermuda Class E insurance company, today announced that it has entered into a transaction to assume approximately $1 billion of fixed annuity reserves from an A++ rated U.S. life insurance company which represents legacy fixed annuity business.
  • Oceanview Reinsurance Ltd. is a Class E Bermuda reinsurer based in Hamilton, Bermuda rated A- by A.M. Best and is a wholly owned subsidiary of Oceanview Holdings Ltd. Oceanview Re provides customized reinsurance solutions for fixed annuities and other asset intensive life insurance liabilities.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20201218005740/en/


Oceanview Reinsurance Ltd. (“Oceanview Re”), a Bermuda Class E insurance company, today announced that it has entered into a transaction to assume approximately $1 billion of fixed annuity reserves from an A++ rated U.S. life insurance company which represents legacy fixed annuity business.

About Oceanview Re

Oceanview Reinsurance Ltd. is a Class E Bermuda reinsurer based in Hamilton, Bermuda rated A- by A.M. Best and is a wholly owned subsidiary of Oceanview Holdings Ltd. Oceanview Re provides customized reinsurance solutions for fixed annuities and other asset intensive life insurance liabilities.

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