Reinsurance News
RGA
RGA completes $32bn reinsurance transaction with Equitable
1st August 2025
Reinsurance Group of America (RGA) has completed its previously announced $32 billion reinsurance transaction with Equitable Holdings, covering a diversified portfolio of life insurance products. Back when the deal was first revealed, RGA said it is reinsuring 75% of Equitable’s in-force life insurance liabilities, which includes approximately $18 billion of ... Read the full article
RGA enters into coinsurance transaction with Anshin Life
5th June 2025
Global life and health reinsurer, Reinsurance Group of America (RGA), has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, to reinsure a block of whole life policies through coinsurance. The new collaboration builds on a successful ... Read the full article
RGA announces JPY 150bn coinsurance transaction with Dai-ichi Life
3rd June 2025
Reinsurance Group of America (RGA), a global life and health reinsurer, has reached an agreement with The Dai-ichi Life Insurance Company for an RGA subsidiary to reinsure JPY 150 billion in statutory reserves through coinsurance. The transaction is effective March 31, 2025. Gaston Nossiter, Senior Vice President, Japan; Asia Pacific Financial Solutions, ... Read the full article
Monument Re completes €1.4bn portfolio transfer with RGA
9th May 2025
Monument Re Limited, a life insurance reinsurer and insurance holding company, has completed the transfer of a legacy €1.4 billion reinsurance portfolio, comprising annuity and other life insurance liabilities from its 2020 Greycastle acquisition, to RGA Americas Reinsurance Company, Ltd.. Completed on May 2, the transaction releases capital resources that ... Read the full article
RGA reports net income of $286m as net premiums dip
2nd May 2025
Reinsurance Group of America, Incorporated, a global provider of life and health reinsurance, has reported Q1 2025 net income of $286 million, or $4.27 per diluted share, compared with $210 million, or $3.16 per diluted share, in the prior-year quarter. The firm's adjusted operating income is reported at $378 million, or ... Read the full article
RGA names My Chi To as EVP, Chief Legal Officer, and Corporate Secretary
28th April 2025
Reinsurance Group of America (RGA), a global life and health reinsurer, has announced the appointment of My Chi To as Executive Vice President (EVP), Chief Legal Officer, and Corporate Secretary, effective May 19th, 2025. To will succeed Bill Hutton, who is retiring after 27 years with RGA. In her new role, she ... Read the full article
BT Pension Scheme completes £10bn longevity swap transactions with Swiss Re & RGA
21st March 2025
The BT Pension Scheme (BTPS), one of the UK’s largest private sector pension schemes with 260,000 members and £36 billion of assets under management, has completed two longevity reinsurance transactions totalling £10 billion. The new longevity re/insurance arrangement includes a £5 billion agreement with Swiss Re and an expansion of existing ... Read the full article
Moody’s downgrades RGA’s outlook following Equitable reinsurance agreement
28th February 2025
Moody's Ratings (Moody's) has affirmed the ratings of Reinsurance Group of America (RGA) and changed its outlook to negative from stable. According to the agency, the negative outlook “reflects the company's reduced financial flexibility and the financial strain on RGA's capital adequacy to fund the transaction with Equitable and its new ... Read the full article
RGA and Equitable announce $32bn reinsurance transaction
24th February 2025
Reinsurance Group of America (RGA) has entered into an agreement with Equitable Holdings, Inc. to reinsure a $32 billion diversified block of life insurance products. According to RGA, it is reinsuring 75% of Equitable’s in-force life insurance liabilities, which includes approximately $18 billion of general account reserves and $14 billion of ... Read the full article
RGA sees net premiums swell 18% in 2024 to $17.8bn
7th February 2025
Reinsurance Group of America (RGA) has reported that net premiums for the full year 2024 totalled $17.8 billion, marking an increase of 18.3% from 2023. According to the firm, net premiums for the full year 2024 included a contribution of approximately $2.9 billion from single premium pension risk transfers, compared with ... Read the full article
RGA makes strategic investment in PACT Capital
15th January 2025
Reinsurance Group of America (RGA), Incorporated, a provider of life and health reinsurance, has made a strategic investment in and anchor commitment to PACT Capital LLC, an independent investment firm supporting middle-market alternative asset managers. PACT will seek to partner with high-performing established and emerging private capital firms to help them ... Read the full article
Manulife closes $4.1bn LTC reinsurance transaction with RGA
2nd January 2025
Manulife Financial Corporation (Manulife) has announced the closure of its transaction to reinsure two blocks of legacy business, including a younger block of long-term care (LTC), with Reinsurance Group of America (RGA). The $4.1 billion reinsurance transaction was entered into between RGA and John Hancock, a subsidiary of Manulife. The transaction, which ... Read the full article
ICICI Prudential Life and RGA launch first-of-its-kind health product for women
2nd January 2025
ICICI Prudential Life Insurance, in collaboration with Reinsurance Group of America (RGA), has developed and launched ICICI Pru Wish, a first-of-its-kind health product in the life insurance industry that addresses critical illnesses and surgeries specific to women. ICICI Pru Wish offers an immediate payout of up to 100% of the health ... Read the full article
RGA to reinsure $4.1bn of Manulife subsidiary’s legacy blocks
21st November 2024
Reinsurance Group of America (RGA) and John Hancock, a subsidiary of Manulife Financial Corporation (Manulife), have entered into a $4.1 billion reinsurance transaction, including $1.9 billion of long-term care (LTC) reserves. The transaction includes the aforementioned LTC reserves and also a legacy block of U.S. structured settlements with $2.2 billion of ... Read the full article
RGA’s Ruby Re reaches $480m of total funding following second investment round
13th November 2024
Reinsurance Group of America (RGA) , a global life and health reinsurer, has announced today that Ruby Re, a reinsurance sidecar vehicle sponsored by RGA and focused on the US asset-intensive market has successfully closed a second round of funding, raising a total of $480 million in capital. The second round ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
