PARIS--(BUSINESS WIRE)--Nov. 9, 2016--
Group of America, Incorporated (NYSE: RGA) and AXA France today
announced that they have entered into a reinsurance agreement covering
more than 15,000 annuitants and related commitments of nearly €1.3
“Through this transaction, RGA again demonstrates its ability to
implement effective solutions that mitigate longevity risk under
changing regulatory environments,” said John Laughlin, Executive Vice
President, Global Financial Solutions, RGA.
“With this second swap, AXA France continues to secure its obligations
associated with longevity, and reinforces its lead as the only insurance
player in France to enter into such transactions,” said Jacques de
Peretti, Chief Executive Officer, AXA France.
About RGA: Reinsurance Group of America, Incorporated (NYSE: RGA)
is among the leading global providers of life reinsurance and financial
solutions, with operations in 26 countries and assets of $54.8 billion
as of September 30, 2016. 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. To learn more about
RGA and its businesses, visit the company’s website at http://www.rgare.com/.
About AXA France / AXA Epargne Retraite Entreprise: The AXA Group
is a worldwide leader in insurance and asset management. In France
34,000 people are providing services and support to 9 million customers.
AXA Corporate Retirement Savings specializes in implementing long term
retirement savings plans for corporate clients. It is the leading
provider in France with a 20% market share based on assets under
management and also has international business outside of France.
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Source: Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated
Executive Director, Public Relations