RGA Reinsurance Company Originates $724 Million of Commercial Mortgage Loans in 2014
March 10 2015 - 8:00AM
Business Wire
RGA Reinsurance Company, a subsidiary of Reinsurance Group of
America, Incorporated (NYSE: RGA) originated $724 million of
commercial mortgage loans for its U.S. investment portfolio in
2014, an 18.7% increase over 2013 originations of $610 million.
RGA’s U.S. mortgage portfolio, as of December 31, 2014, totaled
$2.7 billion.
“RGA is pleased to have shown strong growth again this year in
our commercial mortgage-based business,” said Mike McLellan, Senior
Vice President and Head of Real Estate Investments at RGA. “We
believe that our regionally-focused model, including a presence in
six major cities, has allowed RGA to build brand recognition,
providing direct access to real estate investments and stable
portfolio growth.”
RGA has an established network of six regional field offices
including: Atlanta, Denver, Phoenix, Seattle, St. Louis and
Washington DC. The company offers full service commercial mortgage
loan capabilities, including underwriting, closing, portfolio and
asset management, surveillance, loan servicing, and direct equity
real estate management.
RGA’s commercial real estate business primarily invests and
lends on multi-family, industrial, retail and office property.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA), one of
the largest global life reinsurance companies in the world,
provides clients with individual life reinsurance, individual
living benefits reinsurance, group reinsurance, health reinsurance,
financial solutions, facultative underwriting and product
development. The company serves 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
$2.9 trillion of life reinsurance in force and assets of $44.7
billion.
Reinsurance Group of America, IncorporatedSally Smith,
636-736-8167Vice President, Corporate
Communicationsssmith@rgare.comorLynn Phillips,
636-736-2351Executive Director, Public
Relationslphillips@rgare.com
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