SINGAPORE, November 2, 2015 – RGA International Reinsurance Company Limited (“RGA International”), a subsidiary of Reinsurance Group of America, Incorporated (NYSE: RGA) today announced that it has received approval from the Monetary Authority of Singapore to operate as a licensed branch office in Singapore. The new office, RGA International Reinsurance Company Limited Singapore Branch, will offer individual and group life reinsurance, health reinsurance and related risks, and will provide product development, underwriting and claims support to insurers. RGA International has been an authorized offshore reinsurer in Singapore for more than 10 years.
“RGA is pleased to expand the range of services in our Singapore business with this new licensed branch, which now enables us to work directly with clients in Singapore to develop customized solutions that support their needs,” said Alain Néemeh, Senior Executive Vice President, Global Life & Health Markets, RGA. “Our strong Asia Pacific market presence continues to grow, and we look forward to further strengthening partnerships in this region.”
Dr. René Cotting will serve as the Chief Executive Officer of the newly licensed branch.
To coincide with the establishment of the Singapore branch, RGA International is transferring the existing Singapore business to the branch, and will now offer a full suite of RGA products and services to its clients. The change will not affect the terms and conditions of existing treaties.
Reinsurance Group of America, Incorporated is one of the largest global life and health reinsurance companies in the world. The company provides clients with individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting and product development. RGA and its subsidiaries serve clients from operations in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, Turkey, the United Arab Emirates, the United Kingdom, and the United States. Worldwide, RGA has approximately $2.8 trillion of life reinsurance in force and assets of $47.6 billion.