HAMILTON, Bermuda--(BUSINESS WIRE)--Oceanview Reinsurance Ltd., a subsidiary of Oceanview Holdings Ltd., today announced the appointment of Michael C. Ward as Vice President and Chief Financial Officer.
Mr. Ward will oversee Oceanview Reinsurance's finance and reporting functions, maintaining its commitment to financial excellence and supporting the company's strategic initiatives. With over 16 years of experience in the reinsurance industry, Mr. Ward brings a wealth of knowledge in financial leadership, regulatory reporting, capital management, and process optimization to his new role.
"Michael’s appointment comes at a pivotal time for Oceanview Reinsurance. His expertise in regulatory reporting and capital management will be instrumental as we navigate the evolving regulatory landscape and optimize our capital structure,” said Andrew Kanelos, Executive Chairman and Chief Governance Officer of Oceanview Reinsurance Ltd. “Michael's leadership will help ensure we maintain our financial strength while pursuing strategic growth opportunities."
"As we continue to expand our global footprint, particularly with our recent launch in the Cayman Islands, Michael's international experience and deep understanding of diverse reinsurance markets will be invaluable,” said William Egan, CEO of Oceanview Holdings Ltd. “His proven ability to implement efficient financial processes and provide strategic insights will support our mission to deliver innovative reinsurance solutions to clients worldwide."
Prior to joining Oceanview Reinsurance, Mr. Ward served as Financial Controller at Argus Group, where he was responsible for financial operations, regulatory compliance, and capital management. His previous roles include Head of Regulatory Reporting and Treasury Operations at Argus Group and Manager at Kane (Bermuda) Limited.
Mr. Ward's professional qualifications include: Fellow Member of the Association of Chartered Certified Accountants (ACCA), Associate in Reinsurance (ARe) and Associate in Insurance Accounting & Finance (AIAF). He holds a BA (Honors) in Accounting & Finance from John Moores University, Liverpool, UK.
This appointment follows Oceanview's recent expansion of its global reinsurance operations with the establishment of Oceanview Secure Reinsurance Ltd. in the Cayman Islands, further strengthening the company's ability to provide comprehensive reinsurance solutions to clients worldwide.
About Oceanview Reinsurance Ltd.
Oceanview Reinsurance Ltd. is a Bermuda-based Class E insurer and subsidiary of Oceanview Holdings Ltd. Rated "A" (Excellent) by A.M. Best, Oceanview Reinsurance provides innovative reinsurance solutions to clients globally. Oceanview Holdings Ltd., established in 2018, offers retail annuities and asset-intensive reinsurance solutions through its subsidiaries, with over $12 billion in consolidated assets as of year-end 2023.
For more information, please visit https://oceanviewreinsurance.com/ or follow Oceanview Reinsurance on LinkedIn.