Oceanview Reinsurance Assumes $1 Billion in Fixed Annuity Reserves
December 23, 2020 by Oceanview Reinsurance
HAMILTON, Bermuda–(BUSINESS WIRE)–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.
TJ Tatum, Sard Verbinnen & Co