AMSTERDAM--(BUSINESS WIRE)--Aug. 20, 2015--
Reinsurance
Group of America, Incorporated,
(NYSE:RGA) today announced that its Netherlands life insurance
subsidiary, Leidsche Levensverzekeringen Maatschappij N.V., will acquire
the life insurance policy portfolio of PGGM Levensverzekeringen under a
Part 7 portfolio transfer agreement. Under the terms of the proposed
closed-block transaction, PGGM will transfer 75,500 life insurance
policies to RGA. PGGM, a Netherlands-based cooperative, offers its
institutional clients asset management, pension fund management, and
consultancy.
"RGA has a clear growth strategy in the Netherlands,” said Olav Cuiper,
Executive Vice President, EMEA Markets, RGA. “We believe this
transaction supports our long-term strategic objectives to capitalize on
the realignment of the financial services industry and demonstrates our
ability to provide portfolio run-off solutions in the European market.”
In accordance with the agreement, additional terms of the transaction
are not being disclosed.
About RGA
Reinsurance Group of America, Incorporated is one of the largest global
life and health reinsurance companies in the world. The company provides
clients with individual life reinsurance, individual living benefits
reinsurance, group reinsurance, health reinsurance, financial solutions,
facultative underwriting and product development. RGA and its
subsidiaries serve clients from operations in 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. Worldwide, RGA
has approximately $2.9 trillion of life reinsurance in force and assets
of $47.5 billion.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150820005237/en/
Source: Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated
Lynn Phillips,
636-736-2351
Executive Director, Public Relations
lphillips@rgare.com
or
Sally
Smith, 636-736-8167
Vice President, Corporate Communications
ssmith@rgare.com
or
Jeff
Hopson, 636-736-2068
Senior Vice President, Investor Relations
jhopson@rgare.com