MONTREAL--(BUSINESS WIRE)--Feb. 13, 2019--
RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of Reinsurance
Group of America, Incorporated (NYSE:RGA), a leading global life
reinsurer, today announced the completion of a transaction with The
Manufacturers Life Insurance Company (Manulife) to reinsure longevity
risk from an in-force block of Canadian group payout annuities. In
aggregate, RGA Canada will reinsure the longevity risk in respect of
approximately 45,000 annuitants.
“We have a long-standing partnership with Manulife and we are proud to
implement another customized solution to meet their financial
objectives,” said Alka Gautam, President and CEO, RGA Canada. “This
innovative longevity transaction deepens the strong collaborative
relationship between RGA and Manulife.”
“RGA’s commitment to delivering long-term value to our clients drives us
to develop unique solutions to meet their needs,” said John Laughlin,
Executive Vice President, Global Financial Solutions, RGA. “This
transaction once again demonstrates RGA’s expertise in longevity risk
and our ability to execute transactions for our clients.”
Additional terms of the transaction are not being disclosed.
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 $3.3 trillion of life reinsurance in force
and assets of $64.6 billion as of December 31, 2018. Founded in 1973,
RGA 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 around the
world, 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: https://www.businesswire.com/news/home/20190213005046/en/
Source: Reinsurance Group of America, Incorporated
Jeff Hopson
Senior Vice President, Investor Relations
636-736-2068
jhopson@rgare.com
Lynn Phillips
Vice President, Corporate Communications
636-736-2351
lphillips@rgare.com
Lizzie Curry
Public Relations Manager
636-736-8521
lizzie.curry@rgare.com
