Oceanview Reinsurance Ltd., a just recently developed life reinsurer based in Bermuda, has actually participated in a deal to presume around $1 billion of repaired annuity reserves from an A++ ranked United States life insurance provider which represents tradition repaired annuity company.
The reinsurer is led by President and CEO Alberto Autmezguine, who formerly 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 likewise includes Vice President and Chief Actuary Pierangelo Falcucci, and Chief Financial Officer Lynn Superina.
It leverages the possession management know-how of Bayview Asset Management, a financial investment company based in Coral Gables, Florida, which mainly concentrates on home mortgage credit.
Oceanview Re specialises in partnering with United States life insurance business to establish personalised reinsurance services and resolve their business requirements for repaired annuities and other possession extensive life insurance liabilities.
The post Oceanview Re goes into $1bn repaired annuity reserves deal appeared initially on ReinsuranceNe.ws.