Reinsurance Group of America

Axel André Joins RGA to Succeed Todd Larson as Chief Financial Officer

Retrieved on: 
onsdag, maj 29, 2024
Finance, Health, Professional Services, Insurance, Health Insurance, American International Group, Retirement, Special, CFO, Growth, Reinsurance Group of America, AEL, AIG, RGA, Management

Reinsurance Group of America, Incorporated (NYSE: RGA) announced today that Axel André will join the company as Executive Vice President on June 24, 2024.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE: RGA) announced today that Axel André will join the company as Executive Vice President on June 24, 2024.
  • Following a brief transition period, effective August 5, the company expects to name André Chief Financial Officer (CFO), the role currently held by Todd Larson.
  • “In his nearly 30 years with RGA, Todd has steadily raised the bar for RGA’s financial and capital management function,” said Tony Cheng, President and Chief Executive Officer, RGA.
  • “He has built and led a talented and diverse financial team, and as a company, we have only grown stronger under Todd’s financial leadership.

RGA Announces 100 Billion JPY Coinsurance Transaction With Anshin Life

Retrieved on: 
fredag, maj 24, 2024
Finance, Health, Professional Services, Insurance, Health Insurance, Senior, Partnership, Reinsurance Group of America, RGA

Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced it has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life) to reinsure an approximately 100 billion JPY paid-up block of whole life policies through coinsurance.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced it has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life) to reinsure an approximately 100 billion JPY paid-up block of whole life policies through coinsurance.
  • “Our ongoing partnership with Anshin Life is a testament to RGA’s strategic commitment to the Japanese market and our understanding of its distinctive requirements,” said Gaston Nossiter, Senior Vice President, Head of Asia Pacific, Global Financial Solutions, RGA.
  • “This transaction is a reflection of our deep-rooted dedication to collaborate with insurers, addressing capital and market risks, and affirming our readiness to support our clients’ evolving goals with innovative and customized financial solutions.”
    “RGA’s local presence and ongoing partnership has been a key advantage, and they provided an attractive option that addresses our asset liability management strategies,” said Anshin Life.
  • “Their ability to understand Japan’s unique market conditions and their flexible approach in responding to our specific needs have made them an excellent reinsurance partner.”
    Additional terms of the transaction are not being disclosed.

AM Best Assigns Issue Credit Rating to Reinsurance Group of America, Incorporated’s New Senior Unsecured Notes

Retrieved on: 
torsdag, maj 16, 2024
Professional Services, Insurance, Finance, Credit, News, Sale, Credit rating, ALL, Reinsurance Group of America, AM Best, RGA

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the $650 million, 5.75% senior unsecured notes, due Sept. 15, 2034, recently issued by Reinsurance Group of America, Incorporated (RGA) (Chesterfield, MO) [NYSE: RGA].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the $650 million, 5.75% senior unsecured notes, due Sept. 15, 2034, recently issued by Reinsurance Group of America, Incorporated (RGA) (Chesterfield, MO) [NYSE: RGA].
  • The outlook assigned to this Credit Rating (rating) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Reinsurance Group of America to Host Investor Day

Retrieved on: 
torsdag, maj 16, 2024
Professional Services, Insurance, Finance, Reinsurance Group of America, RGA

Reinsurance Group of America, Incorporated (NYSE: RGA) will host a conference for institutional investors and analysts at The St. Regis in New York City on Thursday, June 13, 2024, from 8:30 a.m. to 11:00 a.m. Eastern time.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE: RGA) will host a conference for institutional investors and analysts at The St. Regis in New York City on Thursday, June 13, 2024, from 8:30 a.m. to 11:00 a.m. Eastern time.
  • The presentation materials and a link for the live audio webcast will be accessible at www.rgare.com under the Investors tab the morning of the event.
  • A recording of the audio webcast will be made available and posted to the website after the event.
  • Webcast attendees are encouraged to visit the website at least 15 minutes prior to the presentation to download and install any necessary software.

Reinsurance Group of America Announces Pricing of Senior Notes

Retrieved on: 
onsdag, maj 8, 2024
Professional Services, Insurance, Finance, Debt-to-GDP ratio, Sale, Prospectus, RGA, News, Suite, Security (finance), Uptown Charlotte, Reinsurance Group of America, Form, EDGAR, Capital market, BofA Securities, Wells Fargo, HSBC, Attention, Telephone, Note

Reinsurance Group of America, Incorporated (NYSE: RGA) (the “Company”) announced today that it has priced an aggregate principal amount of $650 million of 5.750% senior notes due 2034 (the “Senior Notes”) pursuant to a public offering.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE: RGA) (the “Company”) announced today that it has priced an aggregate principal amount of $650 million of 5.750% senior notes due 2034 (the “Senior Notes”) pursuant to a public offering.
  • The Company expects to use the net proceeds from the offering for general corporate purposes.
  • The Senior Notes have a maturity date of September 15, 2034, with a par-call option three months prior to maturity, an issue price of 99.287% and feature a fixed-rate coupon of 5.750%, payable semiannually.
  • The Company expects to complete the offering of the Senior Notes on May 13, 2024, subject to the satisfaction of customary closing conditions.

Reinsurance Group of America Reports First Quarter Results

Retrieved on: 
torsdag, maj 2, 2024
Insurance, Professional Services, Appendix, RGA, Policy, Reinsurance Group of America, AOCI, Bank statement, GAAP, Interest, Security (finance)

A conference call to discuss first quarter results will begin at 10 a.m. Eastern Time on Friday, May 3, 2024.

Key Points: 
  • A conference call to discuss first quarter results will begin at 10 a.m. Eastern Time on Friday, May 3, 2024.
  • Interested parties may access the call by dialing 1-844-481-2753 (1-412-317-0669 international) and asking to be joined into the Reinsurance Group of America, Incorporated (RGA) call.
  • Reinsurance Group of America, Incorporated (the “Company”) discloses certain financial measures that are not determined in accordance with U.S. GAAP.
  • In the first quarter of 2024, the Company updated the presentation of the financial results for the U.S. and Latin America Financial Solutions segment by combining the financial results for “Asset Intensive” and “Capital Solutions” businesses.

Golub Capital Launches Insurance Solutions Team

Retrieved on: 
måndag, april 29, 2024
Asset Management, Professional Services, Insurance, Finance, Investment, Capital, Reinsurance Group of America, Senior, Golub Capital, Growth, Financial services

Golub Capital today announced the launch of its Insurance Solutions team, a group of dedicated insurance and asset management professionals who will expand the way the Firm works with insurance company partners.

Key Points: 
  • Golub Capital today announced the launch of its Insurance Solutions team, a group of dedicated insurance and asset management professionals who will expand the way the Firm works with insurance company partners.
  • Golub Capital has over 17 years of experience providing investment solutions for insurance company clients and over 120 insurance clients across debt and equity.
  • “Insurance Solutions will be dedicated to cementing our reputation with insurance companies as both a best-in-class asset manager partner and a provider of strategic capital,” said Craig Benton, Senior Managing Director, Head of the Investor Partners Group at Golub Capital.
  • “Golub Capital has a recognized reputation as a strategic capital partner and I am delighted to be joining the Firm to help drive this next phase of growth,” said Jennifer Potenta, Managing Director, Head of Insurance Solutions at Golub Capital.

Reinsurance Group of America Announces First Quarter Earnings Release Date, Webcast

Retrieved on: 
torsdag, april 4, 2024
Insurance, Professional Services, Life, Risk, RGA, Interest, Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release first quarter earnings on Thursday, May 2, at approximately 4:15 p.m. Eastern Time.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release first quarter earnings on Thursday, May 2, at approximately 4:15 p.m. Eastern Time.
  • RGA will host a conference call to discuss the first quarter results beginning at 10 a.m. Eastern Time on Friday, May 3.
  • Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 international) and asking to be joined into the Reinsurance Group of America, Incorporated (RGA) call.
  • Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital.

Reinsurance Group of America Appoints New Member to Board of Directors

Retrieved on: 
måndag, april 1, 2024
Health Insurance, Professional Services, Health, Insurance, Risk management, Growth, Business, RGA, Strategic planning, University, IPO, Audit committee, Primerica, Reinsurance Group of America, Management

Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the appointment of Alison Rand to its Board of Directors.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the appointment of Alison Rand to its Board of Directors.
  • Ms. Rand is an Independent Director of Regions Financial Corporation and a member of the Board’s Audit and Technology Committees.
  • She is a member of the university’s National Foundation Board and formerly served as the Audit Committee Chair.
  • She currently serves as Vice Chair of the Dean’s Advisory Council at the University of Florida Warrington College of Business.

RGA Canada Announces Landmark CA$5.8 Billion Coinsurance Transaction With Manulife

Retrieved on: 
måndag, mars 25, 2024
Finance, Health, Professional Services, Insurance, Health Insurance, Manulife, Partnership, RGA, Reinsurance Group of America

RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, and The Manufacturers Life Insurance Company (Manulife), a subsidiary of Manulife Financial Corporation, a leading international financial services group, announced today the completion of the largest universal life reinsurance transaction in the Canadian market to date.

Key Points: 
  • RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, and The Manufacturers Life Insurance Company (Manulife), a subsidiary of Manulife Financial Corporation, a leading international financial services group, announced today the completion of the largest universal life reinsurance transaction in the Canadian market to date.
  • The coinsurance transaction will reinsure approximately CA$5.8 billion (US$4.4 billion) of reserves, accompanied by an equivalent asset transfer.
  • This is the third large block reinsurance transaction between Manulife and RGA.
  • “Our relationship with Manulife has spanned many years, and our strong partnership has been a key factor in the success of this transaction,” said Dominic Hains, President and CEO, RGA Canada.