Reinsurance Group of America, Incorporated Promotes Jack Lay
"Jack has been a constant and steady presence during our dramatic growth as a public company, ensuring the financial discipline and controls necessary to be successful," states Greig Woodring, President and Chief Executive Officer, Reinsurance Group of America, Incorporated.
Lay has served as Chief Financial Officer for Reinsurance Group of America, Incorporated since joining the company in 1994. In this role, he oversees RGA's capital markets activities, the most recent of which involved the issuance of $300 million of senior debt in March 2007. Before joining RGA, he served as Second Vice President and Associate Controller at General American Life Insurance Company. Prior to that role, he was a partner in the financial institution practice of the St. Louis, Missouri office of KPMG Peat Marwick LLP.
Reinsurance Group of America, Incorporated, through its various operating subsidiaries, is among the largest global providers of life reinsurance. In addition to its U.S. operations, Reinsurance Group of America, Incorporated has subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, Poland, South Africa, South Korea, Spain, Taiwan, and the United Kingdom. Worldwide, the company has approximately $2.0 trillion of life reinsurance in force, net premiums of $4.3 billion and assets of $19 billion. MetLife, Inc. is the beneficial owner of approximately 53 percent of RGA's outstanding shares.