RGA Americas Reinsurance Company, Ltd. Overview

RGA Americas Reinsurance Company, Ltd.
Overview
December, 2014
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RGA Americas Reinsurance Company, Ltd.
REINSURANCE GROUP OF AMERICA, INCORPORATED
Reinsurance Group of America, Incorporated (“RGA”) is one of the largest life reinsurers in the world,
serving clients in more than 60 countries from operations in 26 countries around the world.
RGA, a FORTUNE 500 company, has been listed on the New York Stock Exchange since 1993 (NYSE:
RGA). As of December 31, 2013, RGA had approximately $2.9 trillion of life reinsurance in force and
consolidated assets of $39.7 billion. Total revenues in 2013 were $10.3 billion. For the fifth consecutive
time, RGA’s main operating subsidiary, RGA Reinsurance Company, was named “Best Overall Life
Reinsurer” in the 2013 Flaspöhler Survey™ (Direct Writers Evaluate Reinsurers / Life N. A.).
RGA Americas Reinsurance Company, Ltd.
RGA Americas Reinsurance Company, Ltd. (“RGA Americas”) is a wholly-owned subsidiary of RGA.
RGA Americas was incorporated under the laws of Barbados on July 2, 1998 under the Exempt Insurance
Act of Barbados, 1983 and was redomiciled to Bermuda on September 25, 2014 under the Insurance Act
1978 of Bermuda. Effective September 25, 2014, all the shares of RGA Life Reinsurance Company of
Canada and RGA Atlantic Reinsurance Company Limited were contributed to RGA Americas.
RGA Americas accepts direct business and provides retrocession for general and long-term insurance
business from both affiliated and non-affiliated companies. RGA Americas also performs annual financial
reviews of its retrocessionaires to evaluate financial stability and performance.
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RGA Americas Reinsurance Company, Ltd.
LINES OF BUSINESS
The Company is primarily engaged in the reinsurance of individual and group coverages for traditional life
and health, as well as creditor, longevity, disability, annuity, critical illness products, and financial
reinsurance.
RGA Americas uses the staffs of affiliated entities with which it has contracts (RGA Reinsurance Company,
RGA Life Reinsurance Company of Canada, RGA International Reinsurance Company Limited, RGA
International Corporation, RGA Services India Private Limited, RGA Reinsurance Company of South Africa
Limited, and RGA UK Services Limited) to market and administer its products and services to existing and
potential clients which, for the most part, are life insurance companies.
RGA Americas also has an agreement with RGA wherein the Company pays a fee for guarantees from
RGA and for access to letters of credit.
RGA Americas treaties usually take one of two forms: a quota-share arrangement, where, as reinsurer,
RGA Americas assumes a set percentage of all the risk of new business from the first dollar; or an excessof-retention arrangement, where RGA Americas assumes a set percentage of risk over and above the
ceding company’s own retention.
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RGA Americas Reinsurance Company, Ltd.
RATINGS
RGA Americas is rated AA- (Very Strong) by Standard & Poor’s Insurance Rating Service and RGA
Americas is rated A+ (Superior) by A.M. Best Company. In addition, RGA’s principal operating subsidiaries
in the U.S. and Canada have the following financial strength ratings from the major rating agencies:
RGA Reinsurance Company
RGA’s principal operating subsidiary in the United States
Standard & Poor’s Insurance Rating Service
A.M. Best Company
Moody’s Investors Services
AA- (Very Strong)
A+ (Superior)
A1 (Good)
RGA Life Reinsurance Company of Canada
RGA’s Canadian operating subsidiary
Standard & Poor’s Insurance Rating Service
A.M. Best Company
AA- (Very Strong)
A+ (Superior)
Insurers rated AA- by Standard & Poor’s offer very strong financial security characteristics, differing only
slightly from those rated higher.
Insurers rated A+ (Superior) by A.M. Best Company are considered to have financial strength operating
performance and market profile characteristics that are superior to its established benchmarks, and are
considered to have a superior ability to meet ongoing policyholder obligations.
Moody’s Insurance Financial Strength Ratings reflect an insurance company’s ability to punctually repay
senior policyholder claims and obligations. Insurance companies rated A1 by Moody’s offer good financial
security. The ratings are based on industry analysis, regulatory trends, and evaluation of the company’s
business fundamentals.
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RGA Americas Reinsurance Company, Ltd.
BOARD OF DIRECTORS
Lawrence Bird, FCII, AIRM, is currently the Managing Director of Marsh IAS Management Services
(Bermuda) Ltd. with 24 years of experience in the insurance industry.
Todd Larson is Executive Vice President and Global Chief Risk Officer, Reinsurance Group of America,
Incorporated. He has 19 years of experience in the life insurance and reinsurance industry.
John Hayden is Senior Vice President and Controller, Reinsurance Group of America, Incorporated. He has
24 years of experience in the life insurance and reinsurance industry.
James Kellett is Senior Vice President, Valuation and Financial Analysis, Reinsurance Group of America,
Incorporated. He has more than 30 years of experience in the life insurance and reinsurance industry.
AUDITORS
Deloitte & Touche
Corner House, Church and Parliament Streets
P.O. Box HM 1556
Hamilton, Bermuda HMFX
COMPANY MANAGERS
Marsh Management Services (Bermuda) Limited
Victoria Hall
11 Victoria Street
Hamilton, Bermuda HM11
LEGAL ADVISOR
Appleby (Bermuda) Limited
Canon’s Court
22 Victoria Street
Hamilton, Bermuda HM EX
APPOINTED ACTUARY
James P. Ash, FSA, MAAA
RGA Americas Reinsurance Company, Ltd.
16600 Swingley Ridge Road
Chesterfield, MO 63017
U.S.A.
FINANCIAL REGULATOR
The Bermuda Monetary Authority
BMA House
43 Victoria Street
Hamilton, Bermuda HM12
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RGA Americas Reinsurance Company, Ltd.
COMPANY REGISTERED OFFICE
Victoria Hall
11 Victoria Street
Hamilton, Bermuda HM11
T 441.299.8811
CONTACT
John Hayden
Senior Vice President
Controller
Reinsurance Group of America, Incorporated
16600 Swingley Ridge Road
Chesterfield, MO 63017-1706
U.S.A.
T +1.636.736.7243
[email protected]
(As of December 2014)
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