Reinsurance Group of America, Incorporated (NYSE:RGA) was named Life Reinsurer of the Year at the 2018 Reactions North America Awards, presented last night at a gala awards celebration in New York City. Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks which was launched in January 2018 by RGA and RenaissanceRe Holdings Ltd. (NYSE:RNR), was named Launch of the Year.
The Reactions North America Awards honor the achievements of companies and individuals who help to raise standards across the insurance industry in North America. The awards are adjudicated annually by a distinguished panel of insurance and reinsurance leaders and are widely recognized for their rigorous and independent judging process.
We are honored to receive this award as it recognizes the work of RGAs talented teams of professionals in support of the ongoing and changing needs of our clients, said Mike Emerson, Executive Vice President and Head of U.S. and Latin American Markets. With insurers facing constant disruption in todays marketplace, RGA brings deep subject matter expertise, continual innovation, and meticulous execution to help them achieve their business goals.
Langhorne Re was established to help insurers seeking to free up capital from large blocks of business and facing limited options, said Andrew Edwardson, Managing Director, RGA Capital Partners. This award is much appreciated as it provides additional validation of our success in addressing a widespread market demand with a solution uniquely tailored to life insurers.
Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.3 trillion of life reinsurance in force and assets of $59.8 billion as of June 30, 2018. Founded in 1973, RGA is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, 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 companys website at www.rgare.com.
About Langhorne Re
Langhorne Re is a global reinsurer targeting large in-force life and annuity blocks. The vehicle is funded with capital commitments from RGA and RenaissanceRe Holdings Ltd. and other third-party pension fund and life insurance companies.
Reinsurance Group of America, Incorporated
Vice President, Corporate Communications