ST. LOUIS--(BUSINESS WIRE)--Mar. 7, 2016--
Reinsurance Group of America, Incorporated (NYSE: RGA) announced today
that Todd C. Larson, currently the company's Executive Vice President
and Chief Risk Officer, has been named Senior Executive Vice President
and Chief Financial Officer, effective May 1, 2016. He will succeed Jack
B. Lay, who will be 62 upon retirement at the end of the year. Lay has
been instrumental in guiding the company’s finances since its initial
public offering in 1993. Through the end of the year, Lay will retain
oversight responsibility for the company's investment function and will
support the transition of the Chief Financial Officer responsibilities
to Larson. Those responsibilities include oversight of RGA’s financial,
treasury and capital management functions, as well as all aspects of
internal and external financial reporting.
Larson, 52, joined RGA in 1995 as Vice President and Controller, and
assumed additional responsibilities as RGA grew. As Executive Vice
President, Corporate Finance and Treasurer, he was responsible for all
external reporting, including filings to the Securities and Exchange
Commission, regulatory filings, and the annual report to shareholders.
Larson was also responsible for internal management of financial
reporting for RGA’s various operating segments and subsidiaries, as well
as the capital management and treasury functions. In his current
position as Executive Vice President and Chief Risk Officer, he is
responsible for global enterprise risk management. He received a
Bachelor of Science degree in Accounting from Northern Illinois
University and is a Certified Public Accountant.
A. Greig Woodring, RGA's Chief Executive Officer, commented on the
appointment, “Jack and I have worked together for over 20 years. He has
acted as my close advisor and trusted partner in steering RGA toward
major milestones, including RGA’s initial public offering, our global
expansion in the years that followed, and most recently, our investment
in a new global headquarters. Jack’s decision to retire in his 25th
year with the company was reinforced by RGA’s strong financial condition
and excellent strategic position at this time, and by his full
confidence in Todd’s capabilities to assume this important role. I am
proud of the strong leadership team RGA has developed. This enables us
to ably transition critical positions like this to executives with
significant experience and understanding of RGA’s unique and successful
culture.”
Anna Manning, RGA’s President, added, “Todd has a wealth of industry and
capital markets experience, and has been instrumental in sustaining
RGA’s sound financial and capital management practices through all
business cycles. Greig and I are very pleased to have a trusted and
talented successor to the CFO role. I know Todd is the right person to
partner with me as we build and execute our future strategies.”
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA), a FORTUNE 500
company, is among the leading global providers of life reinsurance and
financial solutions, with approximately $3.0 trillion of life
reinsurance in force and assets of $50.4 billion as of December 31,
2015. Founded in 1973, today RGA is widely recognized for its deep
technical expertise in risk and capital management, innovative
solutions, and commitment to serving its clients. From its 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/20160307006555/en/
Source: Reinsurance Group of America
Reinsurance Group of America
Jeff Hopson, 636-736-2068
Senior
Vice President, Investor Relations
jhopson@rgare.com
or
Sally
Smith, 636-736-8167
Vice President, Corporate Communications
ssmith@rgare.com
or
Lynn
Phillips, 636-736-2351
Executive Director, Public Relations
lphillips@rgare.com
