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Reinsurance Group of America

Generali to sell UK life run-off portfolio to Reinsurance Group of America

24th May 2019

Italian insurer Generali has entered into an agreement with Reinsurance Group of America (RGA) for the sale of the life run-off portfolio of its UK branch. As part of the transaction, Generali has signed a reinsurance contract that will cover all claims payments arising from most of the legacy business, with ... Read the full article

Premiums, income up at RGA in Q1 2019

30th April 2019

Reinsurance Group of America (RGA) increased its net premiums to $2.7 billion in the first-quarter of 2019 when compared with the prior year quarter, as net income jumped to $169.5 million. The global life reinsurer saw its net premiums increase 6% in the quarter, with adverse net foreign currency effects of ... Read the full article

RGA strikes deal with Manulife to reinsure longevity risk of 45,000 annuitants

14th February 2019

RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of global life and health reinsurer RGA, has announced the completion of a transaction with The Manufacturers Life Insurance Company (Manulife) that will see it reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, RGA Canada ... Read the full article

Reinsurance Group of America’s net income drops at Q4

29th January 2019

Reinsurance Group of America (RGA) has reported net income of $110.0 million for the fourth quarter of 2018, representing a significant drop from the $1.217 billion reported for the same period in 2017. This difference is largely attributable to the Tax Cuts and Jobs Act of 2017, which benefited RGA’s Q4 ... Read the full article

RGA adds IT and operations veteran to Board of Directors

25th January 2019

Global life and health reinsurer, Reinsurance Group of America (RGA), has announced the addition of Steven Van Wyk, currently Chief Information Officer (CIO) and Head of Technology & Innovation at PNC Financial Services Group, Inc., to its Board of Directors. Van Wyk will start his tenure as an independent director on February ... Read the full article

Reinsurance Group of America income grows, deploys more excess capital

26th October 2018

Reinsurance Group of America (RGA) has reported net income of $301.2 million for the third-quarter of 2018, up considerably from the $227.6 million reported in the prior year period. During the quarter RGA has been working hard to deploy more of the excess capital it has built up over recent years ... Read the full article

RGA partners with Trupo start-up to re/insure U.S freelancers

2nd August 2018

Reinsurance Group of America (RGA), via its innovation accelerator subsidiary RGAX, has entered into a partnership with new insurance start-up Trupo, which will see it reinsure Trupo’s products for freelance workers in the U.S. According to Trupo, 57 million people, or one-third of the American workforce, currently work as freelancers, and ... Read the full article

RGA sees continued, strong growth across Asia-Pacific

31st July 2018

In recent years, life reinsurance company, Reinsurance Group of America (RGA), has experienced solid growth in the Asia-Pacific region, a trend it expects to continue, supported by current market dynamics. Speaking during the life reinsurer's Q2 2018 earnings call, President and Chief Executive Officer (CEO), Anna Manning, reported premium growth of ... Read the full article

RGA to invest in Getsurance via its innovation accelerator, RGAx

8th May 2018

U.S. domiciled life reinsurer, Reinsurance Group of America (RGA) is investing in InsurTech Getsurance through its innovation accelerator subsidiary, RGAx. RGA announced in 2017 that it had entered into a partnership with Getsurance, backing its digital life insurance solution designed to protect individuals with long-term disabilities against the loss of income due to illness ... Read the full article

Harsh winter and severe flu outbreak hits life reinsurer RGA in Q1

2nd May 2018

U.S. domiciled life reinsurer, Reinsurance Group of America (RGA) saw its net income fall by 31% to $100.2 million in the first-quarter of 2018, driven in part by fairly adverse mortality experience within its traditional U.S. and Latin America segment as a result of the bad flu season and particularly ... Read the full article

RGA adds two to Board of Directors

24th April 2018

International life and health reinsurer, Reinsurance Group of America (RGA), has announced the appointments of John J. Gauthier and Hazel M. McNeilage to its Board of Directors, effective July 2018. The pair join RGA as independent directors, and their addition takes the total number of RGA directors to 11. Gauthier brings almost 30 years ... Read the full article

U.S. tax reform creates a more level playing field, says RGA

30th January 2018

Reinsurance Group of America (RGA) saw its fourth-quarter 2017 net income spike to over $1.2 billion, driven largely by a tax benefit as a result of the U.S. tax reform, which the reinsurer says creates a more level playing field. RGA's Q4 net income increased from $190 million in 2016 to ... Read the full article

Aon secured £900mn reinsurance protection for LV=/RGA transaction

15th January 2018

Global insurance and reinsurance brokerage, Aon, recently secured £900 million in reinsurance protection for London Victoria Friendly Society's (LV=) asset and longevity risk transaction. Reinsurance News discussed the £900 million deal between Reinsurance Group of America (RGA) and LV= when it was announced in December 2017, and Aon has now ... Read the full article

Langhorne Re launched by RGA and RenRe as in-force life & annuity reinsurer

11th January 2018

Two major global reinsurance firms, Reinsurance Group of America and RenaissanceRe, have launched a new start-up named Langhorne Re, which will target in-force life and annuity business and leverage third-party capital as part of its backing. Langhorne Re will be a global reinsurer targeting large in-force life and annuity blocks, the ... Read the full article

RGA’s innovation accelerator to acquire LOGiQ3 Group

9th January 2018

Reinsurance Group of America's (RGA) innovation accelerator subsidiary, RGAx, has announced an agreement to acquire the LOGiQ3 Group of companies, which includes LOGiQ3Corp., APEXA, Cookhouse Lab, and Tindall Associates Inc. (TAI). The group of companies acquired by RGAx provides technology, consulting, and outsourcing solutions to the life insurance and reinsurance industry in North ... Read the full article

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