ST. LOUIS--(BUSINESS WIRE)--Mar. 10, 2015--
RGA
Reinsurance Company, a subsidiary of Reinsurance Group of America,
Incorporated (NYSE: RGA) originated $724 million of commercial mortgage
loans for its U.S. investment portfolio in 2014, an 18.7% increase over
2013 originations of $610 million. RGA’s U.S. mortgage portfolio, as of
December 31, 2014, totaled $2.7 billion.
“RGA is pleased to have shown strong growth again this year in our
commercial mortgage-based business,” said Mike McLellan, Senior Vice
President and Head of Real Estate Investments at RGA. “We believe that
our regionally-focused model, including a presence in six major cities,
has allowed RGA to build brand recognition, providing direct access to
real estate investments and stable portfolio growth.”
RGA has an established network of six regional field offices including:
Atlanta, Denver, Phoenix, Seattle, St. Louis and Washington DC. The
company offers full service commercial mortgage loan capabilities,
including underwriting, closing, portfolio and asset management,
surveillance, loan servicing, and direct equity real estate management.
RGA’s commercial real estate business primarily invests and lends on
multi-family, industrial, retail and office property.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA), one of the
largest global life reinsurance companies in the world, provides clients
with individual life reinsurance, individual living benefits
reinsurance, group reinsurance, health reinsurance, financial solutions,
facultative underwriting and product development. The company serves
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 $44.7 billion.
Source: Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated
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
