RGA Receives License to Operate Branch Office in Singapore
November 02 2015 - 5:00PM
Business Wire
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.
About RGA
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151102006625/en/
Reinsurance Group of America, IncorporatedLynn Phillips,
636-736-2351Executive Director, Public
Relationslphillips@rgare.comorSally Smith, 636-736-8167Vice
President, Corporate Communicationsssmith@rgare.comorJeff Hopson,
636-300-6106Senior Vice PresidentInvestor
Relationsjhopson@rgare.com
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