Oceanview Reinsurance Strengthens Leadership with New CFO
Oceanview Reinsurance Appoints New Leadership
Oceanview Reinsurance Ltd., a key player in the global reinsurance market and a subsidiary of Oceanview Holdings Ltd., has appointed Michael C. Ward as Vice President and Chief Financial Officer. This significant shift comes as the company seeks to bolster its financial and strategic capabilities.
Expertise in Financial Leadership
Michael C. Ward brings over 16 years of valuable experience in the reinsurance sector to Oceanview. In his new role, he will be responsible for overseeing the finance and reporting functions of the company. His extensive background in financial leadership, regulatory reporting, capital management, and process optimization is expected to strengthen Oceanview's commitment to financial excellence.
Strategic Insights for Growth
Andrew Kanelos, the Executive Chairman and Chief Governance Officer of Oceanview Reinsurance Ltd., highlighted the importance of Mr. Ward's appointment. "Michael's expertise in regulatory reporting and capital management will be instrumental as we navigate the evolving regulatory landscape and optimize our capital structure," Kanelos stated. His leadership is anticipated to help maintain the company’s financial strength while pursuing new strategic opportunities.
Global Expansion and Innovation
William Egan, CEO of Oceanview Holdings Ltd., also commented on the significance of Mr. Ward’s background, particularly with the company’s recent expansion into international markets such as the Cayman Islands. "Michael's global experience and deep understanding of the diverse reinsurance landscape will be invaluable as we continue to innovate and deliver high-quality solutions to our clients worldwide," Egan noted.
Career Background of Michael C. Ward
Before joining Oceanview Reinsurance, Mr. Ward held the position of Financial Controller at Argus Group. In that role, he was responsible for overseeing financial operations, ensuring regulatory compliance, and managing capital effectively. His previous employment also includes significant positions such as Head of Regulatory Reporting and Treasury Operations at Argus Group and Manager at Kane (Bermuda) Limited.
Mr. Ward's credentials are robust; he is a Fellow Member of the Association of Chartered Certified Accountants (ACCA), an Associate in Reinsurance (ARe), and an Associate in Insurance Accounting & Finance (AIAF). He earned a BA (Honors) in Accounting & Finance from John Moores University in Liverpool, UK.
Recent Expansion of Operations
Michael C. Ward's appointment aligns with Oceanview's strategic expansion efforts, including the establishment of Oceanview Secure Reinsurance Ltd. in the Cayman Islands. This new venture aims to enhance Oceanview's capability to offer comprehensive reinsurance solutions across the globe.
About Oceanview Reinsurance Ltd.
Oceanview Reinsurance Ltd. is headquartered in Bermuda and is rated "A" (Excellent) by A.M. Best. It offers innovative reinsurance solutions to clients worldwide, under the broader umbrella of Oceanview Holdings Ltd., which was established in 2018. The group specializes in retail annuities and asset-intensive reinsurance solutions, boasting over $12 billion in consolidated assets as of the end of 2023.
Frequently Asked Questions
Who is the newly appointed CFO of Oceanview Reinsurance?
The new Chief Financial Officer is Michael C. Ward, who has over 16 years of experience in the reinsurance industry.
What responsibilities will Michael C. Ward have?
He will oversee the finance and reporting functions of Oceanview Reinsurance and support the company's strategic initiatives.
How does Mr. Ward's experience benefit Oceanview?
His background in regulatory reporting, capital management, and process optimization is expected to enhance Oceanview's financial strength and strategic growth.
What recent expansion has Oceanview undertaken?
Oceanview has recently launched Oceanview Secure Reinsurance Ltd. in the Cayman Islands, further broadening its global reach.
What qualifications does Michael C. Ward hold?
He is a Fellow Member of the ACCA, an Associate in Reinsurance, and holds a BA (Honors) in Accounting & Finance from John Moores University.
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