RGA International Reinsurance Company Limited France Representative Office, under the direction of M. Lionel Périnel, will act as a liaison to local life insurance companies, promoting RGA’s global reinsurance expertise and solutions. The office will market traditional automatic and facultative life reinsurance services, product development, and training to clients in France.
"Our new representative office presents an excellent opportunity to expand our global presence and build strong partnerships in this very important life insurance market," says Graham Watson, Chairman of RGA International Reinsurance Company. "Our ongoing international growth is fueled by RGA’s ability to customize our established best practices to each market and client we serve. We are confident that our experienced local leadership will apply those same standards in France."
"This is definitely an important market for us. It has a proven track record of valuing life reinsurance services, and is one of the largest life insurance markets in the world," Périnel says. "RGA is the third-largest life reinsurer in the world and a leader in underwriting services and facultative support. The time is right for RGA to establish a local presence in Paris."
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, Germany, China, Hong Kong, India, Ireland, Italy, Japan, Mexico, Poland, South Africa, South Korea, Spain, Taiwan, and the United Kingdom. Worldwide, the company reported assets of $19 billion and net premiums of $4.3 billion at December 31, 2006. RGA International Reinsurance Company, its subsidiary, is rated "AA-" (Very Strong) by Standard & Poor’s Insurance Ratings.