The awards, which are hosted by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), and Asia Insurance Review (AIR), recognise outstanding achievement in the Australian and New Zealand insurance industry.
The judges were impressed by RGA’s market knowledge and thought leadership, demonstrated through initiatives such as regular industry seminars for clients and "Leaders in the Life Industry" dinners, which provided a forum for senior leaders in the Australian life risk market to consider and discuss strategic issues affecting the industry. These events attracted prominent local and international speakers, who provided valuable insights for the industry. Judges also acknowledged RGA's significant contribution to its customers' business retention and growth. In the group market, RGA assisted its customers in successfully retaining and growing 11 major industry funds, totaling $324 million in annual gross premium.
"It is a great honour to be named 'Reinsurance Company of the Year' in this region, especially considering the award category includes both life and general reinsurance companies — which makes the achievement even more impressive," said Greig Woodring, President and Chief Executive Officer, Reinsurance Group of America, Incorporated (RGA).
Pauline Blight-Johnson, Managing Director, RGA Reinsurance Company of Australia Limited, said, "This is the premier insurance award in the Australian and New Zealand industry. We are honoured by this recognition, and proud of our track record of partnering with life insurance companies to find new ways to help grow their businesses."
Reinsurance Group of America, Incorporated (RGA) is a leader in the global life reinsurance industry with approximately $2.4 trillion of life reinsurance in force and assets of more than $27 billion. RGA is the second-largest life reinsurer in North America and the third-largest in the world. From RGA’s world headquarters in St. Louis, Missouri in the United States and operations in 23 countries, the company delivers expert solutions in life reinsurance, facultative underwriting, risk management, product development and capital-efficient reinsurance services.