Reinsurance Group of America, Incorporated to Open Representative Office in China
"We are very pleased to receive approval for our representative office in China," said Graham Watson, CEO of RGA's international operations. "China is a vital and vibrant insurance marketplace. RGA, as one of the world's leading life reinsurers, has a lot to offer both local and international carriers in this market."
"China will become one of the world's largest insurance markets, and RGA will be positioned to facilitate that growth," Mr. Watson continued. "China is important to RGA's clients and is important to RGA. Our China initiative will represent a key strategic component in RGA's international business plan and underscores RGA's view of the Asia Pacific region as pivotal in the success of its ongoing global expansion."
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. and Canadian operations, Reinsurance Group of America, Incorporated has subsidiary companies or offices in Australia, Barbados, Hong Kong, India, Ireland, Japan, Mexico, South Africa, South Korea, Spain, Taiwan, and the United Kingdom. Worldwide, the company has approximately $1.4 trillion of life reinsurance in force, and assets of $13.3 billion. MetLife, Inc. is the beneficial owner of approximately 52 percent of RGA's outstanding shares.