RGA acquires group reinsurance business from ReliaStar Life Insurance Company, a subsidiary of ING Groep N.V. The acquisition is structured as an indemnity coinsurance agreement.
Our Acquisitions History
Through four decades of steady global expansion RGA has developed a reputation for acquisition excellence and execution certainty.
RGA acquired the Dutch life insurance company, Leidsche Verzekering Maatschappij N.V. (Leidsche).
RGA conducted a $5.4 billion transaction with John Hancock.
RGA provided cash financing to Philadelphia Financial Group in support of their $117 million acquisition of Hartford Life Private Placement LLC from The Hartford.
RGA acquired Aurora National Life Assurance Company (“Aurora”), a wholly owned life insurance subsidiary of Swiss Re with approximately 82,000 policies in force and statutory policyholder liabilities of $2.7 billion. The underlying business is comprised of approximately two-thirds annuities, primarily payout annuities, and one-third interest-sensitive life products.
RGA acquired Nebraska-based underwriting services provider, Elite Sales Processing, Inc. (ESP)., a leader in the growing outsourced underwriting market.
RGAX, a subsidiary of RGA, agreed to acquire LOGiQ3 Inc. – a group of companies that provides technology, consulting, and outsourcing solutions to the North American life insurance and reinsurance industry. The LOGiQ3 Group includes LOGiQ3 Corp., APEXA, Cookhouse Lab, and Tindall Associates Inc. (TAI).
RGA conducted an asset-intensive transaction with Farmers New World Life (FNWL), a subsidiary of Zurich Insurance Group, to reinsure a closed block of U.S. annuity business and FNWL will continue to service and administer the policies. The transaction increased RGA’s invested asset base by approximately $2.3 billion.
RGA conducted annuity in-force block transactions with John Hancock and reinsurance transactions with Manulife Canada, acquiring a $3 billion in-force block of individual payout annuities. In the same year, RGA conducted a $1.1 billion annuity reinsurance transaction with a mid-sized mutual insurance company.
RGA assembles Greenhouse Insurance with the mission to empower carriers and partners to launch innovative life insurance solutions with greater speed and confidence.
RGA acquired the group insurance business Omnilife, and the company is now a specialist insurer, focused on acquiring and managing the liabilities of closed life insurance portfolios.
RGA completed a $2.9 billion annuity reinsurance transaction with Horace Mann Life Insurance Company, a subsidiary of Horace Mann Educators Corporation (NYSE: HMN), the largest financial services company focused on providing America's educators and school employees with insurance and retirement solutions.
RGA agreed to acquire 100% of the share capital of Hodge Life Assurance Company Limited (HLAC), the PRA authorized life insurance company of Hodge Limited. HLAC has annuity liabilities of approximately £570 million ($780 million U.S.).