Financial transaction

Reinsurance Group of America Announces Longevity Reinsurance Transaction with Aegon Netherlands | News


AMSTERDAM – (BUSINESS WIRE) – December 15, 2021–

Reinsurance Group of America, Incorporated (NYSE: RGA), one of the world’s leading life and health reinsurers, today announced that it has entered into a longevity reinsurance transaction with Aegon, one of the world’s leading financial services organizations, providing life insurance, pension and asset management. The reinsurance operation covers an active portfolio of its Dutch activities with around € 7 billion of underlying reserves.

“We value our long-standing relationship with Aegon and are proud to continue working with them to help them actively manage their risk and capital,” said Simon Wainwright, Executive Vice President, Head of EMEA, RGA. “Partnering with our customers to create custom solutions has led to an exceptional year in the Netherlands, and we look forward to continuing to grow our longevity business in Continental Europe. “

“RGA is a strategic partner for Aegon globally and in the Netherlands,” said Allegra van Hövell-Patrizi, CEO of Aegon in the Netherlands. “Their local team, with extensive market knowledge supported by their global experts, worked closely with us to tailor the deal to our specific needs, and we appreciate their dedication in executing this transaction. “

The transaction is effective December 31, 2021. Additional terms of the transaction are not disclosed.

About RGA

Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is a leading global provider of life reinsurance and financial solutions, with approximately $ 3.5 trillion of life reinsurance in force and assets of 91, $ 4 billion as of September 30, 2021. Founded in 1973, RGA is recognized for its deep technical expertise in risk and capital management, its innovative solutions and its commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA provides expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development and solutions. financial. To learn more about RGA and its activities, visit the company’s website at www.rgare.com.

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KEYWORD: EUROPE UNITED STATES NETHERLANDS NORTH AMERICA MISSOURI

INDUSTRY KEYWORD: GENERAL HEALTH FINANCING INSURANCE HEALTH PROFESSIONAL SERVICES

SOURCE: Reinsurance Group of America, Incorporated

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PUB: 12/15/2021 08: 00 / DISC: 12/15/2021 08:02

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