Stable Value Wraps
Reinsurance Group of America Incorporated (NYSE: RGA) is recognized as one of the leading life reinsurers in the world, with approximately $2.8 trillion of life reinsurance in force and assets of $32.3 billion.
RGA’s primary business worldwide is the assumption of mortality risk from life insurers via reinsurance. We also reinsure a variety of other specific risks, including: group disability; medical stop-loss; accidental death; long-term care; longevity; default risk; and disintermediation risk. (RGA does not reinsure property-casualty or liability risk.) In addition, we leverage our analytic capabilities to provide financial solutions that enable insurers to improve their capital and their financial positions.
Stable Value Funds
Stable value funds are typically the most conservative investment option offered by 401(k) or similar qualified savings plans. Stable value funds offer the unique benefits of returns similar to short-term bond funds with safety similar to money-market funds. A synthetic GIC (guaranteed investment contract) is often the preferred funding vehicle for stable value funds. A synthetic GIC is made up of a portfolio of high-quality, short-duration fixed-income securities with an appropriate (stable value) wrap to enable book value accounting for the plan sponsor.
The recent entry by RGA Reinsurance Company, the principal operating subsidiary of RGA, into the stable value wrap market comes after more than two years of careful research and analysis. Our team of seasoned institutional and stable value market veterans will enable us to cultivate strong relationships with selected stable value managers. We are committed to becoming a trusted provider of stable value wraps by demonstrating our customer focus, our entrepreneurial creativity, and our disciplined approach to risk – all factors that have contributed to our success in reinsurance.
We are dedicated to building long-term relationships with our clients by providing tailored solutions and the most responsive service in the industry. From idea to product to success, we will be with you every step of the way.