From its beginnings in 1973 through four decades of steady global expansion, RGA has grown to become one of the world’s largest and most highly respected reinsurers, recognized for our superior risk management, innovative solutions, and dedicated client focus.
- RGA named Anna Manning President and announced that Greig Woodring will remain Chief Executive Officer until his planned retirement in late 2016.
- RGA was named “Reinsurance Company of the Year” by the 2015 Middle East Insurance Industry Awards.
- RGA received a license to operate a branch office in Singapore.
- RGA marked the 20th anniversary of its Japan office.
- RGA celebrated the 20th anniversary of its Hong Kong office.
- RGA acquired the life insurance policy portfolio of PGGM Levensverzekeringen, a Netherlands-based cooperative.
- RGA acquired Elite Sales Processing, Inc., a Nebraska-based underwriting services provider.
- RGA was named “Best Overall Life Reinsurer” in the 2015 Flaspöhler Survey (Direct Writers Evaluate Reinsurers / Life N. A.) by cedants. This marked the sixth consecutive time RGA has been rated Best Overall in this biennial survey.
- RGA was ranked #1 on NMG Consulting’s Global All Respondent Business Capability Index (BCI), based on feedback from insurance executives in more than 50 countries. Also in 2015, RGA ranked #1 on NMG’s All Respondent BCI in Canada, Hong Kong, Indonesia, Japan, Malaysia, Mexico, Singapore, South Africa, South Korea, and Thailand, as well as in each of the Asia and EMEA regions, in aggregate.
- RGA was ranked #273 on the 2015 FORTUNE 500 list.
- RGA finalized the acquisition of Aurora National Life Assurance Company, a life insurance subsidiary with approximately 82,000 policies in force.
- RGA was recognized for “Life Transaction of the Year” by the 2015 Trading Risk Awards.
- RGA received its license from the China Insurance Regulatory Commission (CIRC) to operate branch office in Shanghai, China.
- RGA acquired Aurora National Life Assurance Company ("Aurora"), a wholly owned life insurance subsidiary of Swiss Re.
- RGA was ranked #1 on the Business Capability Index in the Asia region, and in the Canada, Germany, Hong Kong, Malaysia, Mexico, Singapore, South Africa, Taiwan, Turkey, and U.K. & Ireland markets.
- RGA was recognized by A.M. Best's Innovation Showcase for RGA's Underwritten Annuities solution in the U.K.; this was featured in the January 2014 issue of Best's Review.
- RGA was named by Reactions magazine as "Best Life Reinsurer" in the 2014 Reactions North America awards.
- RGA was ranked #274 on 2014 FORTUNE 500 list.
- RGA was named to Forbes' "America's 50 Most Trustworthy Financial Companies" 2014 list.
- RGA attained 50th AURA®client.
- RGA Reinsurance Company received a preparatory license from the China Insurance Regulatory Commission (CIRC) to operate as a licensed life reinsurance branch in China.
- NMG Consulting studies ranked RGA #1 globally on the Business Capability Index. In national studies, RGA was ranked #1 on the BCI in the Canada, Hong Kong, Indonesia, Italy, Malaysia, Mexico, Singapore, South Africa, Taiwan, Thailand and Vietnam markets.
- RGA was named “Life Reinsurance Company of the Year” by the 2013 Worldwide Reinsurance Awards.
- RGA was rated “Best Overall Life Reinsurer” in the 2013 Flaspöhler Survey (Direct Writers Evaluate Reinsurers / Life N. A.) by cedants. This is the fifth consecutive time RGA has been rated Best Overall in this biennial survey.
- RGA was ranked #275 on the FORTUNE 500 list.
- RGA was recognized for forward thinking by Best’s Review magazine in the publication’s annual Innovation Showcase forum for its “Automated Underwriting for Impaired Annuities” solution in the U.K. This is the third consecutive year RGA has been so recognized in the Innovation Showcase forum.
- NMG Consulting studies, RGA was ranked #1 globally, and in national and regional studies in the Asia, Canada, Europe, India, Italy, Japan, Malaysia, Mexico, Singapore, South Africa, Taiwan, U.K. & Ireland, and U.S. (individual mortality) markets, on NMG’s Business Capability Index.
- RGA was named “Life Reinsurer of the Year” by the 2012 Asia Insurance Industry Awards.
- RGA was named “Reinsurance Company of the Year” by the 2012 Australian Insurance Industry Awards.
- RGA was recognized for forward thinking by Best’s Review magazine in the publication’s inaugural l Innovation Showcase for its “Prescription History Mortality Research” study and ASAP.
- RGA obtained approval to operate RGA Reinsurance Company Middle East Limited and opened an office in Dubai. RGA has been serving clients in the Middle East since 2008.
- RGA was ranked #1 on NMG Consulting's Business Capability Index in Canada, Central and Eastern Europe, Continental Europe, Italy, Mexico, South Africa, and U.K. & Ireland cedant studies.
- RGA was named "Best Reinsurer for Mortality Risk Transfer" by the Life & Pension Risk Awards.
- RGA was named “Life Reinsurance Company of the Year” at The Review – Worldwide Reinsurance Awards. This marked the fourth time in eight years RGA received this award.
- RGA Reinsurance Company was named “Best Overall Life Reinsurer” for the fourth consecutive time by North American life insurers in the 2011 Flaspöhler Cedant Survey (Life – North America).
- RGA was named “Best Reinsurer for Longevity Risk Transfer” by the Life & Pension Risk Awards, an annual awards program sponsored by Life & Pension Risk magazine.
- RGA was named “Best Global Reinsurance Company for Life” by Reactions Global Awards, an annual awards program sponsored by Reactions magazine.
- RGA was named “Australia and New Zealand Reinsurance Company of the Year” by the Australia and New Zealand Insurance Industry Awards for the second consecutive time.
- RGA ranked #1 in Business Capability Index in NMG Consulting studies in Asia Pacific, Canada, Italy, South Africa, U.K. and Ireland, and the U.S.
- RGA was named “Best Life Reinsurer” by Risk Management, Insurance & Finance magazine (Taiwan) for the second consecutive time.
- RGA announced an organizational restructuring with the creation of three global businesses to better align the organization with the needs of its clients worldwide. The three global businesses were Global Mortality Markets; Global Group, Health and Long-Term Care; and Global Financial Markets.
- RGA was added to the FORTUNE 500 list by Fortune magazine, which ranks U.S.-based companies by total revenue. RGA ranked #321.
- RGA announced an agreement with ReliaStar Life Insurance Company to acquire ReliaStar’s U.S. and Canadian group life, accident and health reinsurance business, which operated under the name ING Reinsurance. The acquisition was effective January 1, 2010.
- RGA was named “Life Reinsurance Company of the Year” at the Worldwide Reinsurance Awards, sponsored by The Review magazine. This was the third time in six years RGA received this award.
- RGA Reinsurance Company was named “Best Overall Life Reinsurer” for the third consecutive time by North American life insurers in the 2009 Flaspöhler Cedant Survey (Life – North America).
- RGA was named “Australia and New Zealand Reinsurer of the Year” by the Australia and New Zealand Insurance Industry Awards.
- RGA was named “Best Life Reinsurer” by Risk Management, Insurance & Finance magazine (Taiwan).
- RGA Global Reinsurance Company, Ltd., Labuan Branch received approval to operate a Retakaful Window, permitting it to provide Shariah-compliant solutions to takaful operators.
- RGA Italy began operating as a branch office in April.
- RGA became the first, and only, international reinsurance company to have a branch office in Poland.
- RGA opened a representative office in Amsterdam to serve clients in the Netherlands and Nordic countries.
- The RGA U.S. facultative underwriting team reached a significant milestone in May with the receipt of its 2,000,000th facultative application.
- RGA was named “Life Reinsurer of the Year” by the Asia Insurance Industry Awards, the only awards program offered in the Asian insurance industry. RGA began operating in Asia in 1994.
- RGA operations in Germany received approval in 2008 to operate as a fully licensed branch office.
- RGA announced the completion of the company’s recapitalization and split-off from MetLife, Inc., September 12, marking a new stage in RGA’s continued development and growth as a fully independent company.
- RGA opened representative offices in Germany and Italy. Operations in France, Spain and Taiwan received approval to function as branch offices.
- RGA’s U.S. division launched a highly successful series of webcast seminars for clients.
- RGA was named “Best Overall Life Reinsurer” for the second consecutive time by North American life insurers in the biennial Flaspöhler Cedant Survey (Life – North America).
- NMG Financial Services Consulting’s Asia Pacific study ranked RGA first in new business cessions and first in stand-alone facultative service in the region.
- RGA announced the formation of a new company in Mumbai, RGA Services India Private Limited.
- A study published by NMG Financial Services Consulting recognized RGA as the leading life reinsurer in the Asia Pacific region for assumed new business.
- RGA opened a representative office in Warsaw. Expansion in Central and Eastern Europe continued with the signing of first-time treaties in France, Belgium and Germany.
- RGA was named “Life Reinsurance Company of the Year” at the Worldwide Reinsurance Awards, sponsored by The Review magazine. RGA was cited for its astute global expansion and described as a “smart operator.”
- RGA Reinsurance Company was named “Best Overall Life Reinsurer” by ceding companies in the 2005 Flaspöhler Cedant Survey (Life – North America).
- RGA, which began serving South Korean clients in 1996, received branch license approval.
- RGA officially opened its Beijing representative office.
- RGA was named "Life Reinsurance Company of the Year" at the Worldwide Reinsurance Awards, sponsored by The Review magazine. RGA was cited for smart growth, strong results and a well-regarded management team.
- RGA received approval from the China Insurance Regulatory Commission to establish a representative office in Beijing.
- Allianz Life Insurance Company of North America (Allianz Life) and RGA announced a definitive agreement whereby RGA would acquire through coinsurance the traditional U.S. life reinsurance business of Allianz Life. The transaction added more than $240 billion of life insurance in force to RGA's book of business and brought RGA's total in force to more than $1 trillion.
- RGA became the first foreign-owned life reinsurer licensed to conduct business in Japan.
- RGA expanded its Asia Pacific operations by opening a representative office in Seoul, South Korea. This office was RGA’s sixth location in the Asia Pacific region.
- MetLife chose to pilot RGA's Automated Underwriting and Risk Analysis (AURA) system.
- RGA opened a liaison office in Mumbai, India.
- RGA's Asia Pacific, Europe and South Africa divisions merged into a new International Division.
- RGA announced the creation of a new business unit, RGA Technology Partners (RTP), devoted to developing niche software solutions for the life insurance industry. RTP began marketing two new underwriting software programs: AURA and the Facultative Underwriting Application Console.
- RGA appeared in the Forbes Platinum 400 Best Companies list in Forbes magazine.
- RGA signed its first treaty in India.
- RGA Reinsurance Company of South Africa Limited achieved leading facultative reinsurer status in South Africa.
- In January, MetLife and GenAmerica Corporation completed an agreement, whereby MetLife acquired GenAmerica and its subsidiaries, including General American Life Insurance Company. Through this acquisition, MetLife's total ownership position in RGA increased to approximately 58 percent with the addition of General American's holdings in the company.
- In April, RGA announced an agreement whereby Ohio National Financial Services, Inc., would purchase RGA's interest in several Chilean operations, including RGA Sudamerica, S.A., RGA Reinsurance Company Chile, S.A., and Bhif America Seguros de Vida, S.A.
- RGA Reinsurance UK Limited received its license to begin offering full-fledged reinsurance products and services to the U.K., Ireland and offshore markets. The Asia Pacific Division reported more than $100 million in revenue and processed more than 22,000 applications – a 70% increase over 1999.
- RGA announced in October that it had acquired 60% interest in RGA/Swiss Financial Group, L.L.C. – that it did not already own – and changed the name to RGA Financial Group, L.L.C.
- Life reinsurance in force reached $500 billion – an increase of $347 billion in five years.
- RGA began the year with a three-for-two stock split on each class of two common stocks outstanding.
- The company opened its fifth Asian location, the RGA Taiwan Liaison Office, and announced the official opening of RGA Argentina S.A. in Buenos Aires.
- In August, MetLife Insurance Company and GenAmerica Corporation reached a definitive agreement whereby MetLife proposed to acquire GenAmerica and its subsidiaries, including General American Life Insurance Company. Under this agreement, MetLife would gain effective control of RGA through General American’s 53% equity ownership position. On November 24, RGA successfully completed its private placement of $125 million in common stock with Metropolitan Life Insurance Company (MetLife).
- In only its third year of operations in the Australia and New Zealand markets, RGA Life Reinsurance Company of Australia Limited conducted business with every life insurance company in those countries.
- Business in Japan increased by 75% in its fourth year of operation.
- RGA celebrated its 25th year in reinsurance and its fifth year as a publicly held company.
- In April, RGA joined with the School of Medicine at Washington University in St. Louis to co-sponsor the RGA/Washington University Longer Life Foundation.
- RGA opened a representative office in Mexico City, RGA's third location in Latin America.
- RGA Life Reinsurance Company of Australia Limited achieved profitability in its second year of operation.
- Also in May, RGA completed the first Australian financial reinsurance transaction to be approved under the Life Insurance Act of 1995.
- The RGA U.S. Facultative Underwriting team reached a significant milestone with the receipt of its 1,000,000th facultative application.
- RGA expanded its operations to six continents, opening RGA Reinsurance Company of South Africa Limited with offices in Cape Town and Johannesburg.
- RGA's total revenue and market capitalization both topped the $1 billion mark and reinsurance in force reached $227 billion.
- RGA stock split three-for-two in July.
- The company organized the Institutional Markets Division to explore new distribution opportunities for life insurance products.
- RGA entered into a joint venture relationship with the members of the Life Insurance Association of Malaysia (LIAM) to establish the Malaysian Life Reinsurance Group Berhad, Malaysia's first domestic reinsurance company.
- The company marked its third straight year of at least 15% growth in earnings.
- The Asia Pacific Division expanded with the formation of RGA Reinsurance Company of Australia Limited.
- RGA took on the financial reinsurance business of the former ITT Lyndon Life through a joint venture with Swiss Re named the RGA/Swiss Financial Group L.L.C.
- RGA opened offices in Hong Kong and Tokyo.
- RGA's first full year as a public company was marked by international expansion with two new divisions, Latin America and Asia Pacific, and the opening of an office in Madrid, the company's first formal presence in Europe.
- RGA's total life reinsurance in force rose to $129 billion.
- General American's reinsurance line went public in May as the company completed an initial public offering of common stock in the Reinsurance Group of America, Incorporated (RGA).
- RGA’s first international expansion – RGA Life Reinsurance Company of Canada – resulted from General American Re’s two major acquisitions, National Reinsurance of Canada’s life insurance line, and a majority interest in Great Rivers Management Company and Adrian Baker Reinsurance Intermediaries, both operating in the special risk market.
- Arrangement with Lloyd's of London for facilities to cover specified risk.
- Reinsurance division installed new online underwriting system.
- With new sales volume of $23.4 billion, General American Re was ranked the second-largest life reinsurer in the U.S.
- The reinsurance division became General American Re's largest line of business with $66 billion in force and nearly 900,000 policies administered for clients. The division formed its first business relationships with life insurers in Canada and Europe.
- With total reinsurance in force of nearly $56 billion and more than 100 leading U.S. companies as clients, General American Re moved up to the #3 ranking among the 30 life reinsurers operating in the U.S.
- The reinsurance division expanded into special risk and financial reinsurance.
- The reinsurance division took a major step forward in automation and in the formation of a separate systems department dedicated to reinsurance business.
- First sales trips outside North America to Germany, Italy and the U.K.
- General American Re moved up to a #5 ranking in the industry with nearly $32 billion total reinsurance in force.
- Sales of nearly $50 million of premium exceeded 1984's results by 285%. Reinsurance division joined 15 other insurers in launching a pool to promptly issue up to $20 million on an individual life.
- General American Re became the eighth-largest life reinsurer in the industry; $7.8 billion of new business in force more than doubled the company's in-force total. First deployment of individual workstations.
- Targeting the largest life companies in the U.S. led to an increase in life reinsurance in force to $5.4 billion, nearly twice as much as the year before.
- General American’s reinsurance division became one of the first companies in the life insurance industry to use faxes to communicate with clients.
- Premiums on reinsurance sales topped $1 million, doubling 1979's total with 40 client companies.
- Reinsurance added its first part-time actuarial support – Greig Woodring, now RGA’s President and Chief Executive Officer.
- Separate department established for facultative underwriting with a staff of two individuals.
- First salesperson was hired and first major mutual company client, Connecticut Mutual, placed substantial business with the fledgling reinsurance division. Sales volume increased to $121 million.
- Reinsurance sales increased from $55 million in force in 1975 to $87 million in 1976. The reinsurance staff consisted of five people – all administrators, no sales associates.
- General American Life Insurance Company launched a life reinsurance division after developing strong reinsurance relationships with major companies.