Reinsurance Group of America

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Reinsurance Group of America, Incorporated (RGA)
Type Public
Traded as NYSERGA
Industry Reinsurance
Founded 1973
Headquarters Chesterfield, Missouri, USA
Key people Greig Woodring
President and Chief Executive Officer,
Reinsurance Group of America, Incorporated
Products Reinsurance
Revenue $10.3 billion (2013)
Profit Increase $418.8 million (2013)
Total assets $39.7 billion (2013)
Employees 1,890 (2013)
Website www.rgare.com

RGA Reinsurance Company is a subsidiary of Reinsurance Group of America, Incorporated (NYSE: RGA), which is an international global life and health reinsurance company with approximately $2.9 trillion of life reinsurance in force and assets of $39.7 billion as of December 31, 2013. Business lines include individual life reinsurance, individual living benefits reinsurance, health reinsurance, long-term care reinsurance, group reinsurance and financial solutions. RGA also sells bancassurance and retakaful. As a global organization, RGA reviewed more than 580,000 facultative cases in 2013, and has received nearly 5 million cases since 1979. RGA also offers product development, risk management, e-underwriting solutions and client training.

Global Operations[edit]

RGA has operations in 26 countries: Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, Turkey, the United Arab Emirates, the United Kingdom, and the United States.

History[edit]

  • RGA began operating in the United States in 1973 as General American Re, a reinsurance division created by General American Life Insurance Company. In 1992, General American chartered Reinsurance Group of America, Incorporated (RGA) as a holding company for its reinsurance operations. Later that year, RGA opened its first international office when it acquired National Re of Canada, which went on to become RGA Life Reinsurance Company of Canada. On May 4, 1993, RGA began being traded publicly on the New York Stock Exchange (NYSE: RGA).[1]
  • By 1999, RGA had opened additional offices in Spain, Hong Kong, Japan, Australia, New Zealand, South Africa, the U.K., Mexico and Taiwan.
  • In 2000, Metropolitan Life Insurance Company (MetLife, Inc.) acquired GenAmerica Corporation, which included General American and its subsidiaries, thereby gaining effective control of RGA. In 2008, RGA became a stand-alone company after it split off from MetLife, Inc.
  • Between 2002 and 2010, RGA opened additional offices in South Korea, India, China, Poland, France, Italy, Germany and the Netherlands.
  • In 2010, RGA completed the acquisition of ReliaStar’s U.S. and Canadian group life, accident and health reinsurance business, which operated under the name ING Reinsurance and was owned by ReliaStar Life Insurance Company.

Today RGA is the one of the largest life reinsurance companies in the world.

References[edit]

  1. ^ RGA History Retrieved January 4, 2011

External links[edit]