e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 16, 2009
REINSURANCE GROUP OF AMERICA, INCORPORATED
(Exact Name of Registrant as Specified in its Charter)
         
Missouri
(State or Other Jurisdiction of
Incorporation)
  1-11848
(Commission
File Number)
  43-1627032
(IRS Employer
Identification Number)
1370 Timberlake Manor Parkway, Chesterfield, Missouri 63017
(Address of Principal Executive Office)
Registrant’s telephone number, including area code: (636) 736-7000
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01 Other Events.
     On October 16, Reinsurance Group of America, Incorporated (the “Company”) issued a press release announcing that the Company entered into an agreement with ReliaStar Life Insurance Company, a subsidiary of ING Groep N.V., whereby the Company has acquired ReliaStar’s U.S. and Canadian group life, accident and health reinsurance business. The acquisition will be structured as an indemnity coinsurance agreement and is expected to be effective January 1, 2010, subject to regulatory approvals. The Company will fund the acquisition with existing capital. Specific terms of the agreement were not disclosed.
     The press release is attached as exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following documents are filed as exhibits to this report:
99.1   Press Release dated October 16, 2009
SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  REINSURANCE GROUP OF AMERICA, INCORPORATED
 
 
Date: October 16, 2009  By:   /s/ Jack B. Lay    
    Jack B. Lay   
    Senior Executive Vice President and Chief
Financial Officer 
 
 

 


 

EXHIBIT INDEX
     
Exhibit Number   Description
99.1
  Press Release dated October 16, 2009

 

exv99w1
Exhibit 99.1
(RGA LOGO)
     
 
  For further information, contact
 
  Jack B. Lay
 
  Senior Executive Vice President
 
  and Chief Financial Officer
 
  (636) 736-7000
FOR IMMEDIATE RELEASE
RGA ANNOUNCES ACQUISITION OF GROUP REINSURANCE
BUSINESS FROM RELIASTAR LIFE INSURANCE CO.
     ST. LOUIS, October 16, 2009 — Reinsurance Group of America, Incorporated (NYSE: RGA) today announced an agreement with ReliaStar Life Insurance Company, a subsidiary of ING Groep N.V., whereby RGA has acquired ReliaStar’s U.S. and Canadian group life, accident and health reinsurance business. The acquisition will be structured as an indemnity coinsurance agreement and is expected to be effective January 1, 2010, subject to regulatory approvals. RGA will fund the acquisition with existing capital. Specific terms of the agreement were not disclosed.
     A. Greig Woodring, president and chief executive officer of RGA, commented, “We are pleased with this acquisition as it gives us a far more substantial presence in the North American group reinsurance market and offers a highly regarded team in Minneapolis that will remain in place. We look forward to working with ReliaStar’s clients and its distribution partners during the upcoming renewal season. We expect to deploy approximately $115 million of capital to support the business with returns in the mid-to-upper teens.”
About RGA
     RGA, through its various operating subsidiaries, is among the largest global providers of life reinsurance. RGA has subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Mexico, Poland, the Netherlands, South Africa, South Korea, Spain, Taiwan, the United Kingdom, and the United States. Worldwide, RGA has approximately $2.2 trillion of life reinsurance in force, and assets of $22.6 billion. More information about RGA is available at www.rgare.com.

 


 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
     This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements relating to projections of the earnings, revenues, income or loss, future financial performance and growth potential of Reinsurance Group of America, Incorporated and its subsidiaries. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results, performance and achievements could differ materially from those set forth in, contemplated by or underlying the forward-looking statements and therefore you should not place undue reliance on them. A list of important factors that could cause actual events or results to differ materially from those expressed or implied by forward-looking statements is included in RGA’s most recent annual report on Form 10-K, quarterly report on Form 10-Q and other documents filed by RGA with the Securities and Exchange Commission. We do not undertake any obligations to update these forward looking statements, even though our situation may change in the future. We qualify all of our forward-looking statements by these cautionary statements.