RGA Names Anna Manning as President; Greig Woodring to Retire in 2016
November 23 2015 - 9:14AM
Business Wire
The Board of Directors of Reinsurance Group of America,
Incorporated (NYSE: RGA) today announced that Anna Manning has been
elected to the role of President, effective December 1, 2015,
succeeding A. Greig Woodring, currently President and Chief
Executive Officer. Woodring will remain CEO until his planned
retirement in late 2016. The Board plans to appoint Manning as
Chief Executive Officer at the end of 2016. The Board also plans to
elect her to the Board of Directors effective in January 2016.
“On behalf of RGA’s Board of Directors, I would like to
recognize Greig’s leadership of RGA for nearly thirty years, both
as a distinguished steward of the business, and as an innovative
visionary,” said Cliff Eason, Chairman of the Board of Directors of
RGA. He continued, “Anna is the right person to lead RGA into the
future and to capitalize on the abundant opportunities we see
ahead. The Board initiated the formal CEO succession process
several years ago, to identify and develop potential successors for
the role. It was important to the Board that we identify someone
with strong strategic capabilities, depth and experience in all
areas of our business, and an ability to combine vision with the
capabilities to drive results. Anna has clearly demonstrated these
qualities, as well as a passion for RGA that gives us confidence
that she will continue RGA's rich legacy.”
Manning currently holds the position of Senior Executive Vice
President, Structured Solutions, which includes the company’s
Global Financial Solutions and Global Acquisitions businesses, as
well as Global Analytics and In-Force Optimization teams. Prior to
assuming this role, she spent four years as Executive Vice
President, U.S. Markets. Manning joined RGA in 2007, and shortly
after assumed the role of Executive Vice President and Chief
Operating Officer for the International Division. In that role, she
was responsible for setting standards, procedures and controls for
pricing, underwriting, administration and claims functions of RGA’s
businesses located outside North America. Manning will continue to
serve in her Structured Solutions role while assuming her new
responsibilities as President.
Prior to joining RGA, Manning spent 19 years in actuarial
consulting at Tillinghast Towers Perrin in a series of
progressively more responsible roles, following a successful
actuarial career in the Canadian marketplace at Manulife Financial
from 1981-1988. She holds a B.Sc. in Actuarial Science from the
University of Toronto, is a Fellow of the Canadian Institute of
Actuaries, and a Fellow of the Society of Actuaries.
Woodring joined the reinsurance division of General American
Life Insurance Company in 1979 as an actuary, and assumed
responsibility for General American’s reinsurance business in 1986.
General American’s reinsurance division led to the formation of RGA
and its initial public offering in May 1993. RGA has grown to
become one of the world’s leading life reinsurers, with offices in
27 countries and revenues of $11 billion for the year ended
December 31, 2014.
“It has been extraordinarily gratifying to have spent the
majority of my working years leading RGA’s dedicated teams, through
challenges and triumphs, to build a highly successful global
organization,” said Woodring. “Although I will continue as CEO
throughout 2016, I plan to gradually turn over my responsibilities
to Anna so she is fully transitioned by the end of next year. Anna
shares my optimism about the future of the insurance industry, and
we agree that RGA will play a meaningful role in identifying
significant opportunities and navigating ongoing changes in the
complex industry in which we operate.”
“I am grateful for the opportunity to lead our great company,
and for the trust and confidence placed in me by Cliff, Greig and
the Board,” said Manning. “It is humbling to follow such an
influential visionary as Greig, who guided RGA to become one of the
world’s leading life reinsurers. Over the years, he fostered a
culture driven by a relentless focus on our clients and a desire to
help each of them succeed. I am committed to continuing his legacy,
and with the help of the talented people at RGA, I know we can
retain and build upon the special culture and growth engine he has
created.”
Reinsurance Group of America, Incorporated (NYSE: RGA), a
FORTUNE 500 company, is among the leading global providers of life
reinsurance and financial solutions, with approximately $2.8
trillion of life reinsurance in force and assets of $47.6 billion
as of September 30, 2015. Founded in 1973, today RGA is widely
recognized for its deep technical expertise in risk and capital
management, innovative solutions, and commitment to serving its
clients. From its headquarters in St. Louis, Missouri and
operations in 27 countries, RGA delivers expert solutions in
individual life reinsurance, individual living benefits
reinsurance, group reinsurance, health reinsurance, facultative
underwriting, product development, and financial solutions. To
learn more about RGA and its businesses, visit the company’s
website at www.rgare.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151123005684/en/
Reinsurance Group of America, IncorporatedSally Smith,
636-736-8167Vice President, Corporate
Communicationsssmith@rgare.comorJeff Hopson, 636-736-2068Senior
Vice President, Investor Relationsjhopson@rgare.com
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