RGA Names Tony Cheng as President; Anna Manning to Retire at End of Year
January 04 2023 - 9:15AM
Business Wire
The Board of Directors of Reinsurance Group of America,
Incorporated (NYSE: RGA) announced today that Tony Cheng has
been appointed to the role of President, effective January 4, 2023,
succeeding Anna Manning, who remains Chief Executive Officer.
Consistent with her long-held plans, Manning will retire from her
role as Chief Executive Officer on December 31, 2023. The Board
plans to appoint Cheng as Chief Executive Officer effective January
1, 2024. The Board has also appointed him to the Board of Directors
effective immediately.
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Tony Cheng (Photo: Business Wire)
“On behalf of RGA’s Board of Directors, I would like to thank
Anna for her extraordinary leadership of RGA for the last six
years, for her exceptional ability to build upon and strengthen
RGA’s legacy, and for her strong strategic capabilities that
successfully led the organization through a pandemic of unforeseen
scale in modern history,” said Stephen O’Hearn, Chair of the RGA
Board of Directors. “Tony is the right person to lead RGA into the
future and to capitalize on the abundant opportunities we see
ahead. It was important to the Board that we identify someone who
combines vision with experience, capable of leading RGA in
delivering on our financial targets and fulfilling our purpose.
Tony has clearly demonstrated these qualities, as well as a passion
for RGA that gives us confidence that he will continue RGA's rich
legacy.”
Cheng currently holds the position of Executive Vice President,
Head of EMEA, Asia, and Australia. Prior to this role, he spent
seven years as Executive Vice President, Head of Asia following his
success as the Senior Vice President, Asia Region and CEO of RGA’s
Hong Kong branch. Under Cheng’s leadership, the Asia region has
experienced exceptional growth in both premiums and profits. He
will continue to provide executive leadership to EMEA, Asia, and
Australia while assuming his new responsibilities as President, and
plans to relocate to St. Louis.
“I have had the great pleasure of working closely with Tony for
many years and have seen firsthand the deep respect that RGA’s
senior leadership has for him,” said Anna Manning, Chief Executive
Officer, RGA. “Tony’s tireless contributions over the years,
combined with his strong leadership, his relentless client focus,
and his innovative capabilities make him uniquely situated to lead
the company into the next phase of its strategy. I am highly
confident in the future of RGA under Tony’s leadership.”
“I am deeply honored by the opportunity to lead this great
company to which I have dedicated my career, and for the trust and
confidence placed in me by the Board of Directors,” said Cheng. “It
is truly humbling to follow in the footsteps of Anna Manning who
has been a role model of strength, integrity, and acumen, and of
Greig Woodring, whose vision, client-centricity, and innovative
spirit created a foundation for growth at RGA. I am fully committed
to continuing the legacy built by Anna and Greig, and with the help
of the tremendously talented people at RGA, I know we can build on
the special culture and growth engine that has been created.”
Manning has led RGA as the Company's President since December
2015 and Chief Executive Officer since January 2017 and has served
as a Director on its Board since January 2016. She joined RGA in
2007 as Vice President, Pricing Actuary for the International
Division, and quickly assumed the role of Executive Vice President,
Chief Operations Officer for the International Division. In 2011,
Manning assumed responsibility for RGA’s U.S. business followed by
a strategic shift in her responsibilities in 2014 to lead the
combination of Global Financial Solutions, Global Acquisitions, and
global analytics. Under Manning’s leadership, RGA further
strengthened its position as a global life and health reinsurance
leader and a Fortune 225 company.
About RGA:
Reinsurance Group of America, Incorporated (NYSE: RGA) is a
global industry leader specializing in life and health reinsurance
and financial solutions that help clients effectively manage risk
and optimize capital. Founded in 1973, RGA celebrates its 50th
anniversary in 2023. Over the past five decades, RGA has become one
of the world’s largest and most respected reinsurers and is guided
by a fundamental purpose: to make financial protection accessible
to all. RGA is widely recognized for superior risk management and
underwriting expertise, innovative product design, and dedicated
client focus. RGA serves clients and partners in key markets around
the world and has approximately $3.3 trillion of life reinsurance
in force and assets of $82.7 billion as of September 30, 2022. To
learn more about RGA and its businesses, visit
www.rgare.com. Follow RGA on LinkedIn and
Facebook.
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version on businesswire.com: https://www.businesswire.com/news/home/20230104005612/en/
Lynn Phillips Corporate Communications (636) 736-2351
lphillips@rgare.com
Jeff Hopson Investor Relations (636) 736-2068
jhopson@rgare.com
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