Reinsurance Group of America, Incorporated (RGA)

Type	Incorporated (NYSE: RGA)
Industry	Reinsurance
Founded	1973
Headquarters	St. Louis, USA
Key people	A. Greig Woodring President and Chief Executive Officer, Reinsurance Group of America, Incorporated Jack B. Lay Senior Executive Vice President and Chief Financial Officer, Reinsurance Group of America, Incorporated Paul A. Schuster Senior Executive Vice President, Reinsurance Group of America, Incorporated and Chairman, President and Chief Executive Officer, RGA Reinsurance Company
Products	Reinsurance
Revenue	$8.8 billion (As of December 31, 2011)
Operating income	$599.6 million (2011)
Profit	$599.6 million (2011)
Total assets	$32.1 billion (2011)
Employees	1,655 (2011)
Website	www.rgare.com

Reinsurance Group of America, Incorporated is an international global life and health reinsurance company with approximately $2.7 trillion of life reinsurance in force and assets of $32.1 billion on December 31, 2011.^[1] Business lines include individual life reinsurance, individual living benefits reinsurance, health reinsurance, long-term care reinsurance, group reinsurance and financial solutions. RGA also supports clients with bancassurance and microinsurance products, and retakaful. RGA is the worldwide leader in facultative underwriting with more than 300,000 facultative applications in 2011. RGA also offers product development, risk management, e-underwriting solutions and client training opportunities.

Global Operations[link]

RGA has operations in 25 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, the United Arab Emirates, the United Kingdom, and the United States.

History[link]

• 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. In 1993, RGA began being traded publicly on the New York Stock Exchange (NYSE: RGA).^[2]

• 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.

Recent Awards and Recognitions[link]

2011[link]

• RGA ranked #1 in the Business Capability Index in NMG Consulting studies in Canada, Central and Eastern Europe, Continental Europe, Italy, Mexico, and the U.K. and Ireland.
• RGA was named "Best Reinsurer for Mortality Risk Transfer" by the Life & Pension Risk Awards
• RGA was named “Life Reinsurance Company of the Year” at The Review Worldwide Reinsurance Awards. This was the fourth time in eight years RGA had received this award.
• RGA ranked #290 on Fortune 500 list.
• RGA Reinsurance Company was named “Best Overall Life Reinsurer” for the fourth consecutive time by North American life insurers in the 2011 Flaspöhler Cedant Survey (Life – North America).

2010[link]

• RGA was added to the Fortune 500 list by Fortune magazine, which ranks U.S.-based companies by total revenue.
• RGA was named “Best Reinsurer for Longevity Risk Transfer” by the Life & Pension Risk Awards.
• RGA was named “Best Global Reinsurance Company for Life” by the Reactions Global Awards.
• RGA was named “Australia and New Zealand Reinsurance Company of the Year” by the Australia and New Zealand Insurance Industry Awards.
• RGA was named “Best Reinsurer” by Risk Management, Insurance & Finance magazine (Taiwan).
• RGA ranked #1 in Business Capability Index in NMG Consulting studies in Asia, Australia, Italy, South Africa, the U.K. and Ireland.

2009[link]

• RGA was named “Life Reinsurance Company of the Year” at The Review Worldwide Reinsurance Awards. This was the third time in six years RGA had received this award.
• RGA Reinsurance Company was named “Best Overall Life Reinsurer” for the third consecutive time by North American life insurers in the 2009 Flaspöhler Cedant Survey (Life – North America).
• RGA was named “Australia and New Zealand Reinsurance Company of the Year” by the Australia and New Zealand Insurance Industry Awards.

References[link]

External links[link]

• Official Website