Oceanview Re names Muhamed Majeed as chief actuary

He will lead actuarial functions, driving product development, pricing, and risk management strategy

Oceanview Re names Muhamed Majeed as chief actuary

Reinsurance

By Kenneth Araullo

Oceanview Reinsurance Ltd, a subsidiary of Oceanview Holdings Ltd, has appointed Muhamed Majeed (pictured above) as chief actuary, effective Jan. 20.

Majeed will oversee the company’s actuarial functions, including product development, pricing strategies, and risk management.

He has more than 15 years of experience in the insurance and reinsurance industries, with expertise in actuarial science, financial modeling, and product development.

Majeed most recently worked at Securian Canada, where he was assistant vice president of product and pricing. In that role, he led a team of actuaries responsible for developing and pricing new insurance products and managing a broad portfolio.

Before joining Securian, he held senior positions at Oliver Wyman and Sun Life Financial, focusing on capital management, actuarial modeling, and regulatory compliance.

Majeed is a fellow of the Society of Actuaries and the Canadian Institute of Actuaries. He earned an honors bachelor of mathematics degree in actuarial science and finance from the University of Waterloo.

Oceanview Re president and chief executive officer Stelian Dragan said Majeed’s appointment enhances the company’s actuarial capabilities during a key phase of its growth.

"His proven track record in product development, pricing optimization, and regulatory compliance will be invaluable as we continue to expand our reinsurance solutions and serve our global client base,” Dragan said.

A few months ago, the reinsurance specialist also announced Dragan’s promotion to the position of president and chief executive officer of its Bermuda operations.

In this role, Dragan oversees Oceanview Re’s operations, focusing on expanding reinsurance solutions and enhancing the company’s position in the industry. Dragan joined the company as president and chief business development officer in April 2022.

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