OREANDA-NEWS. November 05, 2015. 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 N?emeh, 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. Ren? 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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