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Reinsurance Group of America

RGA posts net profit of $139mn

7th May 2021

Life reinsurer Reinsurance Group of America (RGA) has reported a net income of $139 million for Q1 2021, compared to a net loss of $88 million for the prior-year quarter. In the first quarter, consolidated net premiums totalled $2.9 billion, an increase of 3% over last year’s first quarter, with a ... Read the full article

RGA reports dip in Q4 net income; $300mn of COVID-19 claims

9th February 2021

Life reinsurer Reinsurance Group of America, Incorporated (RGA) has reported net income of $132 million for the fourth-quarter of 2020 and consolidated net premiums of $3.3 billion for the period. Net income declined for the reinsurer from the $235 million reported in Q4 2019, while net premiums increased by 9% for ... Read the full article

Anthony Hanes appointed President of RSG’s Stetson

5th February 2021

International specialty insurer Ryan Specialty Group has appointed Anthony Hanes as President of Stetson Insurance Funding. Stetson is a Ryan Specialty Group company which specialises in financing commercial and personal lines insurance premiums for the excess and surplus insurance lines industry. Hanes’ position will come into place effective of this month, with ... Read the full article

RGA to acquire Hodge Life Assurance Company

4th February 2021

Life and health reinsurance company, Reinsurance Group of America, Incorporated (RGA), has entered into an agreement to acquire 100% of the share capital of Hodge Limited's PRA authorised life insurer, Hodge Life Assurance Company Limited (HLAC). HLAC, which has annuity liabilities of roughly £570 million (USD 780 million), intends to stop ... Read the full article

RGA hires Ron Herrmann as EVP, Head of US & LatAm markets

4th February 2021

Reinsurance Group of America (RGA) has appointed Ron Herrmann as Executive Vice President (EVP), Head of U.S. & Latin American Markets whilst also serving as a member of the RGA Executive Committee. With over 20 years of experience in the insurance industry, he most recently served as Head of Individual Life ... Read the full article

RGA reshuffles Board of Directors

7th January 2021

Reinsurance Group of America has added Shundrawn A. Thomas to its Board of Directors. Prior to his current role, Thomas served as President and Chief Executive of Northern Trust Securities, a wholly owned subsidiary of Northern Trust Corporation. Before becoming Northern Trust Asset Management President, he served as Executive Vice President, Head ... Read the full article

RGA adds Stephen O’Hearn & Ng Keng Hooi to Board of Directors

10th September 2020

Global life and health reinsurance company, Reinsurance Group of America (RGA), has increased its number of board directors to 12 with the additions of Stephen T. O'Hearn and Ng Keng Hooi. O'Hearn, who most recently served as the Global Leader of PwC's Insurance Practice from 2015 to 2020, will join on ... Read the full article

RGA’s net income falls in Q2 as firm sees global COVID-19 claims of $300mn

5th August 2020

Life reinsurer, Reinsurance Group of America, Incorporated (RGA), saw its net income fall by $44 million in the second-quarter of 2020 to $158 million, as the firm reports global COVID-19 claims, including IBNR, of an estimated $300 million. Net income fell from the $202 million posted in Q2 2019 and for ... Read the full article

RGA agrees to sell its Dutch life insurer to De Goudse

7th July 2020

Life reinsurer, Reinsurance Group of America, Incorporated (RGA) has reached an agreement to sell its Dutch life insurance firm, Leidsche Verzekering Maatschappij N.V. (Leidsche), to De Goudse N.V., an all-round insurer. Terms of the transaction have not been disclosed and the deal remains subject to approval of the Competition Authority, De ... Read the full article

RGA falls to $88mn Q1 loss, sees above-average mortality claim frequency

6th May 2020

Reinsurance Group of America (RGA), a global provider of life reinsurance, has reported a net loss of $88 million for the first-quarter of 2020, driven primarily by movements in embedded derivatives as a result of COVID-19-induced financial market volatility and adverse impacts on credit spreads. A net loss of $88 million ... Read the full article

RGA’s net income and premiums up in Q4

29th January 2020

Global life reinsurer, Reinsurance Group of America (RGA), has reported net income and premium growth for both the fourth-quarter and full-year 2019. At $235 million, RGA's Q4 2019 net income improved by roughly 114% from the $110 million posted a year earlier, contributing to an increase in full-year net income of ... Read the full article

RGA income stable in Q2, net premiums up 7%

30th July 2019

Reinsurance Group of America (RGA) has reported net income of $202.7 million for the second quarter of 2019, consistent with its result of $204.4 million for the same period in 2018. On an adjusted basis, earnings increased modestly to $210.8 million, compared with $202.1 million in Q2 2018. Although income remained stable, ... Read the full article

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

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