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Spain and Portugal
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Spain and Portugal
Page Introduction Title
RGA International Reinsurance Company Limited
Sucursal en España
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RGA Page Content1
RGA Spain History
In 2000, RGA opened a representative office in Madrid.
In 2004, RGA completed its first treaty with a Portuguese company.
In 2007, RGA Spain became a branch office and employed 11 associates.
In 2010, RGA Spain began operating actively in the Iberian Peninsula and became one of the top five reinsurers for new business acquisition for personal lines. The office employed 19 associates and conducted business with 50 clients in the region.
RGA History
RGA began operating in the United States in 1973 as General American Re, the reinsurance division created by General American Life Insurance Company. The division started with five employees in one location.
In 1978, the facultative underwriting department was established with two employees.
In 1979, Greig Woodring joined General American Re as the company’s first actuary and is now RGA’s president and chief executive officer.
In 1984, General American Re was the eighth-largest life reinsurer in the U.S. Six years later the company was the second-largest life reinsurer in the country.
In 1991, RGA launched its first online reinsurance underwriting system.
In 1992, General American chartered Reinsurance Group of America, Incorporated (RGA) as a holding company for its reinsurance operations.
In 1992, RGA opened its first international office when it acquired National Re of Canada, which became RGA Life Reinsurance Company of Canada.
In 1993, RGA began being traded publicly on the New York Stock Exchange.
By 1999, RGA opened additional offices in Spain, Hong Kong, Japan, Australia, New Zealand, Malaysia, South Africa, the U.K., Mexico and Taiwan.
In 2000, Metropolitan Life Insurance Company (MetLife, Inc.) acquired GenAmerica Corporation, which included General American and its subsidiaries, gaining effective control of RGA.
In 2008, RGA became a stand-alone company after it split off from MetLife, Inc.
Between 2002 and 2010, RGA opened additional offices in South Korea, India, China, Poland, France, Italy, Germany and the Netherlands.
RGA ended 2010 with more than $29 billion in assets and $2.5 trillion of life reinsurance in force.
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Contact
Enrique Ruiz Martín
Vice President
Business Development and
Chief Marketing Officer
RGA International Reinsurance
Company Limited
Sucursal en España
Paseo de Recoletos, 33,
Planta 1
28004 Madrid
Spain
T
34.91.640.4340
F
34.91.640.4341
eruiz@rgare.com