“The receipt of this license is a significant moment in RGA’s history and recognition of our commitment to the region,” said Scott Rastin, Senior Vice President, India, Latin America, Middle East, RGA International Corporation. “We look forward to building a strong operation in Dubai and to helping our clients leverage reinsurance to capitalize on the exciting growth opportunities emerging throughout the Middle East.”
The Dubai office is RGA’s first office in the Middle East and its 28th worldwide. Its establishment represents a continuation of RGA’s global strategy of building strong local presences to understand and service the unique needs of each market. Each local team is supported by RGA’s global network of reinsurance professionals.
“RGA’s Middle East team is excited about the challenges that await us,” said Ashraf Al Azzouni, Vice President and General Manager, RGA Middle East. “We look forward to partnering with our clients to create innovative life, health and family takaful solutions that meet the insurance needs of people throughout the region.”
RGA is a global leader in life reinsurance and related products and services, offering individual life reinsurance, individual living benefits reinsurance, retakaful, group reinsurance, facultative underwriting, product development, and financial solutions. RGA has subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, South Africa, South Korea, Spain, Taiwan, the United Arab Emirates, the United Kingdom, and the United States. Worldwide, RGA has approximately $2.7 trillion of life reinsurance in force and assets of $30.7 billion.