Leading global life reinsurer achieves unprecedented milestone for
U.S. mortality market
ST. LOUIS--(BUSINESS WIRE)--Sep. 28, 2017--
Reinsurance
Group of America, Incorporated (NYSE: RGA), a leading global life
reinsurer, announced today that its U.S. underwriting team received its
three millionth facultative case since the company began tracking these
statistics in 1979. RGA’s vast database of mortality experience has
established the company as a world leader in facultative underwriting, a
process through which a reinsurer underwrites an individual life
application submitted by an insurance company seeking to share the risk
on cases that may be unusual, large, or substandard.
“This is an unprecedented accomplishment that is a direct result of our
unrelenting focus on our clients’ needs,” said David Wheeler, Executive
Vice President and Head of U.S. Mortality Markets. “We use our
facultative expertise to address the challenges insurers face one case
at a time, and we are proud to have supported our clients, their three
million customers, and their families.”
Wheeler added that RGA’s ever-expanding facultative capabilities and
experience fuel innovation, creating new insights, new products, and new
risk management tools designed with clients in mind.
“We understand the value of human touch and pride ourselves on the
expertise our underwriters provide as part of our facultative services,”
said Wheeler. “In an age where technology and innovation are driving
advances across our industry, RGA’s underwriting strength and
relationship focus serves as the bedrock our clients trust and depend
on.”
About RGA
Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company,
is among the leading global providers of life reinsurance and financial
solutions, with approximately $3.2 trillion of life reinsurance in force
and assets of $58.1 billion as of June 30, 2017. Founded in 1973, RGA
today is recognized for its deep technical expertise in risk and capital
management, innovative solutions, and commitment to serving its clients.
With headquarters in St. Louis, Missouri and operations in 26 countries,
RGA delivers expert solutions in individual life reinsurance, individual
living benefits reinsurance, group reinsurance, health reinsurance,
facultative underwriting, product development, and financial solutions.
To learn more about RGA and its businesses, visit the company’s website
at www.rgare.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170928005840/en/
Source: Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated
Lynn Phillips,
636-736-2351
Vice President, Corporate Communications
lphillips@rgare.com
or
Lizzie
Curry, 636-736-8521
Public Relations Manager
lizzie.curry@rgare.com
