Oceanview Reinsurance Appoints Muhamed Majeed as Chief Actuary

Experienced Actuarial Leader Brings Extensive Product Development and Risk Management Expertise to Drive Growth

HAMILTON, Bermuda--(BUSINESS WIRE)--Oceanview Reinsurance Ltd. (Oceanview Re), a subsidiary of Oceanview Holdings Ltd., today announced the appointment of Muhamed Majeed, F.S.A., F.C.I.A. as Chief Actuary, effective January 20, 2025.

In his new role, Mr. Majeed will oversee Oceanview Reinsurance's actuarial functions, including product development, pricing strategies, and risk management. With over 15 years of experience in insurance and reinsurance, Mr. Majeed brings deep expertise in actuarial science, product innovation, and financial modeling.

"Muhamed's appointment strengthens our actuarial capabilities at a pivotal time in our company's growth," said Stelian Dragan, President and Chief Executive Officer of Oceanview Reinsurance Ltd. "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."

Mr. Majeed joins Oceanview from Securian Canada, where he served as Assistant Vice President, Product and Pricing and led a team of actuaries responsible for developing and pricing new products while managing a diverse portfolio of insurance products. Prior to Securian, he held senior roles at Oliver Wyman and Sun Life Financial, where he gained expertise in capital management, regulatory compliance, and actuarial modeling. Mr. Majeed is a Fellow of the Society of Actuaries and a Fellow of the Canadian Institute of Actuaries. He holds an Honors Bachelor of Mathematics degree in Actuarial Science and Finance from the University of Waterloo.

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.