Oceanview Holdings, an Alabama-based provider of annuities and reinsurance solutions, has announced the establishment of its new subsidiary, Oceanview Secure Reinsurance, in the Cayman Islands.
The strategic expansion is part of an effort to offer reinsurance solutions on a global scale, the firm said.
Oceanview Secure Reinsurance. has been granted a class D insurer license by the Cayman Islands Monetary Authority (CIMA).
“The launch of Oceanview Secure Reinsurance Ltd. is a strategic step to enhance our reinsurance capabilities and expand our global presence,” said Bill Egan, CEO of Oceanview Holdings.
“Oceanview is now positioned to offer innovative reinsurance solutions to its clients through both its reinsurer in Bermuda, Oceanview Reinsurance Ltd., and its new subsidiary in the Cayman Islands.”
Oceanview Secure Reinsurance is designed to complement Oceanview’s ability to offer reinsurance options to its international clients. This dual jurisdiction methodology offers clients greater flexibility, efficiency, and access to tailored reinsurance products.
Key benefits of the expansion include:
“We are delighted to expand our operational excellence to the Cayman Islands to offer our clients unparalleled reinsurance services with greater flexibility and efficiency,” Egan said.
