Reinsurance News
Reinsurance Group of America
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
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
Reinsurance Group of America’s net income drops in Q3 2024
1st November 2024
Reinsurance Group of America (RGA), Incorporated, a provider of life and health reinsurance has posted its financial results for the third quarter of 2024, which includes net income available to RGA shareholders of $156 million, a decrease compared to last year's $287 million. RGA's adjusted operating income for Q3 2024 sat ... Read the full article
Prudential and RGA launch “first-in-market insurtech solutions” MedScreen+
28th October 2024
Prudential has announced the Hong Kong launch of MedScreen+, a digital underwriting tool developed in collaboration with Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer. By utilising optical character recognition (OCR) and artificial intelligence (AI) technology, RGA's MedScreen+ can reduce medical report assessment times to ... Read the full article
RGA extends coinsurance contract by KRW 150bn with Tongyang Life Insurance
24th October 2024
Reinsurance Group of America (RGA) and Tongyang Life Insurance Company have agreed to increase coverage of an existing 200 billion Korean Won (KRW) coinsurance contract, originally executed in June 2024. Under the new arrangement, coverage is expanded by an additional KRW 150 billion. The original agreement of in-force block of ... Read the full article
Asia’s growing senior population presents opportunities for insurers: RGA
17th October 2024
Growth opportunities are emerging for insurers as demand for private coverage rises among Asia's growing senior population, according to a recent report by Reinsurance Group of America, Incorporated (RGA). The report is based on a survey of 1,636 respondents aged 55 to 80 with minor health issues across China, Hong Kong, ... Read the full article
RGA’s consolidated net premiums rise by 17.5% to $3.9bn for Q2’24
2nd August 2024
In Q2 2024, Reinsurance Group of America (RGA), a global life and health reinsurer, reported a 17.5% year-over-year increase in consolidated net premiums, reaching $3.9 billion compared to $3.3 billion in the previous year. Consolidated net premiums saw an adverse net foreign currency effect of $33 million, after the exclusion of ... Read the full article
RGA & Principal make key investment in Zoë Foundry
11th July 2024
Reinsurance Group of America (RGA) and Principal Financial Group (Principal) have partnered with Zoë Foundry, the venture studio focused on the employee benefits ecosystem, investing a combined $5 million as their lead investors. This investment from RGA and Principal will reportedly allow Zoë Foundry to expand its operations and invest further ... Read the full article
RGA agrees 200bn KRW transaction with Tongyang Life
2nd July 2024
Reinsurance Group of America, Incorporated (RGA) has reached an agreement with Tongyang Life Insurance Company for an RGA subsidiary to reinsure a 200 billion Korean Won (KRW) (USD 144m) in-force block of life policies through coinsurance, marking the first cross-jurisdictional coinsurance transaction in South Korea. According to RGA, it has pioneered ... Read the full article
Axel André named RGA’s new CFO, succeeding Todd Larson
29th May 2024
Life and health reinsurer Reinsurance Group of America (RGA) announced that Axel André will join as Executive Vice President on June 24, 2024, becoming CFO on August 5, while Todd Larson transitions to the role of Special Advisor to the CEO until his retirement on December 31, 2024. Tony Cheng, President ... Read the full article
RGA reinsures JPY 100bn life block for Anshin Life
28th May 2024
Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurance company, has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life) to reinsure an approximately JPY 100 billion paid-up block of whole life policies through coinsurance. Gaston Nossiter, Senior Vice President, Head of Asia ... Read the full article
RGA reports increase in net premiums to $5.4bn for Q1’24
7th May 2024
Reinsurance Group of America (RGA), a global life and health reinsurer, has reported a consolidated net premium increase of 58.8% to $5.4 billion for Q1 2024. This included a $1.9 billion contribution from a single premium pension risk transfer transaction in the U.S. Financial Solutions business. The reinsurer has reported Q1 2024 ... Read the full article
RGA appoints Alison Rand to its Board
5th April 2024
Reinsurance Group of America (RGA), a global life and health reinsurer, recently announced the appointment of Alison Rand to its Board of Directors. Tony Cheng, President and CEO of RGA, praises Rand's leadership, stating, “Throughout Alison’s tenure as an executive leader, she has been a driving force behind achieving financial excellence ... Read the full article
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