RGA and AXA France Announce Signing of Longevity Transaction
November 09 2016 - 2:00AM
Business Wire
Reinsurance Group of America, Incorporated (NYSE: RGA) and AXA
France today announced that they have entered into a reinsurance
agreement covering more than 15,000 annuitants and related
commitments of nearly €1.3 billion.
“Through this transaction, RGA again demonstrates its ability to
implement effective solutions that mitigate longevity risk under
changing regulatory environments,” said John Laughlin, Executive
Vice President, Global Financial Solutions, RGA.
“With this second swap, AXA France continues to secure its
obligations associated with longevity, and reinforces its lead as
the only insurance player in France to enter into such
transactions,” said Jacques de Peretti, Chief Executive Officer,
AXA France.
About RGA: Reinsurance Group of America, Incorporated
(NYSE: RGA) is among the leading global providers of life
reinsurance and financial solutions, with operations in 26
countries and assets of $54.8 billion as of September 30, 2016.
Founded in 1973, RGA today is recognized for its deep technical
expertise in risk and capital management, innovative solutions, and
commitment to serving its clients. To learn more about RGA and its
businesses, visit the company’s website at
http://www.rgare.com/.
About AXA France / AXA Epargne Retraite Entreprise: The
AXA Group is a worldwide leader in insurance and asset management.
In France 34,000 people are providing services and support to 9
million customers. AXA Corporate Retirement Savings specializes in
implementing long term retirement savings plans for corporate
clients. It is the leading provider in France with a 20% market
share based on assets under management and also has international
business outside of France.
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version on businesswire.com: http://www.businesswire.com/news/home/20161108006319/en/
Reinsurance Group of America, IncorporatedLynn Phillips,
636-736-2351Executive Director, Public
Relationslphillips@rgare.com
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