Reinsurance News
RGA
Lloyd’s CEO Neal joins GA Board alongside MetLife’s Khalaf and RGA’s Manning
16th June 2020
International re/insurance industry think tank, The Geneva Association (GA), has announced the additions of Lloyd's of London's John Neal, MetLife's Michel Khalaf, and Reinsurance Group of America's (RGA) Anna Manning to its Board of Directors. The appointments of Neal, Chief Executive Officer (CEO) of Lloyd's, Khalaf, President and CEO of MetLife ... 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 introduces digital health data scoring solution
5th February 2020
Life and health reinsurer, Reinsurance Group America, has made its Digital Health Data Risk Scoring service available to US life insurers. The service evaluates structured electronic medical record and medical claims data and provides an underwriting risk score for integration within a carriers underwriting system. “Electronic medical records and claims data are ... 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’s net income down at Q3
31st October 2019
Reinsurance Group of America (RGA) has reported a third quarter net income of $262.8 million, down $38.4 million from the prior-year quarter, driven partly by higher than expected traditional segment losses in Australia and modestly unfavourable results in Asia. Overall results were buoyed by RGA’s EMEA traditional segment, which reported a ... Read the full article
Just Group signs longevity reinsurance deal with RGA
4th September 2019
Life insurer Just Group has signed a deal with The Reinsurance Group of America that will reduce its exposure to longevity risk, and the associated capital requirements, for Defined Benefit De-risking Solutions business. Effective July 1, the agreement will see Just Group increase the proportion reinsured to 100% for all in-force ... 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
RGA adds Hamilton CEO Pina Albo to board
29th July 2019
Global life and health reinsurer Reinsurance Group of America is set to add Pina Albo to its board of directors, increasing the size of RGA’s board to 13 members. Chief Executive Officer of Hamilton Insurance Group, Albo currently sits on the board of directors for the IFG Companies, Blue Marble Microinsurance, ... Read the full article
RGA subsidiary in $2.9 billion annuity reinsurance deal with Horace Mann
25th June 2019
A subsidiary of global life reinsurer, Reinsurance Group of America (RGA) has completed a $2.9 billion annuity reinsurance transaction with Horace Mann Life Insurance Company, a subsidiary of Horace Mann Educators Corporation. Under the transaction, effective April 1st, 2019 RGA's subsidiary will reinsure a seasoned block of U.S. annuity business and ... 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 completes two annuity transactions covering $3 billion of reserves
2nd November 2018
Reinsurance Group of America, a leading global life reinsurer, has completed a set of transactions with John Hancock Life Insurance Company that will see a subsidiary of the firm acquire an in-force block of individual payout annuities and provide reinsurance on a second block of similar business contracted in New ... 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 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 in £900mn asset and longevity transaction with LV=
19th December 2017
Global, U.S.-based life reinsurance company, Reinsurance Group of America, Incorporated (RGA), has completed a £900 million (US$1.2bn) asset and longevity risk transaction with Liverpool Victoria Friendly Society (LV=). The transaction sees RGA reinsure roughly £900 million in individual annuity business, while no additional terms of the transaction are being disclosed. Executive Vice President ... 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
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