Reinsurance News
Reinsurance Group of America
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
Changes in life & health insurers’ underwriting accelerating: RGA
22nd December 2017
A globally emerging trend in life and health insurers' underwriting is for less reliance on “one-size-fits-all” products and a renewed focus on more segment-specific strategies, according to a Reinsurance Group of America (RGA) survey of 25 leading life and health insurers. The industry is moving towards a consumer-centric approach with key ... Read the full article
Reinsurance Group of America backs cryptocurrency startup Bitspark
7th November 2017
Hong Kong domiciled FinTech that provides cryptocurrency brokerage services to global Money Transfer Operators (MTOs), Bitspark Limited, has secured funding from Reinsurance Group of America's (RGA) innovation accelerator, RGAx. Bitspark's money exchange technology and placement in the blockchain sector offers a unique perspective on international cash-based remittance transactions. The announced funding from RGAx will see ... Read the full article
New York Life appoints Donna Kinnaird to Board of Directors
27th October 2017
New York Life Insurance has appointed former senior executive vice president and chief operating officer of Reinsurance Group of America (RGA), Donna Kinnaird, to its Board of Directors with effect from October 15, 2017. Kinnaird served as senior executive vice president and chief operating officer of RGA from 2012 to 2017, where ... Read the full article
RGA Re joins race to acquire Generali’s Netherlands operations
4th July 2017
Reinsurance Group of America (RGA Re) has reportedly joined the race to acquire the Netherlands operations of insurance giant Generali. Assicurazioni Generali, one of the largest insurance group's in the world, is actively trying to sell its Netherlands and Belgian operations, with RGA Re joining the race to acquire the Dutch ... Read the full article
RGA Re backs first European digital life insurance solution from Getsurance
21st June 2017
Reinsurance Group of America (RGA) has backed a new digital life insurance solution launched by German InsurTech startup, Getsurance, which aims to bring life insurance into the 21st century. The launch marks the first time a European digital life insurance product has been developed, and Getsurance created the solution in collaboration ... Read the full article
RGA commences India operations
1st February 2017
U.S. domiciled life reinsurer, Reinsurance Group of America (RGA), has announced that it today commenced operations from its Mumbai, Indian branch, after receiving regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI), reports the Times of India. The IRDAI has given approval to a number of foreign ... Read the full article
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