The Best of the Best
Recruiting Around the Globe
“
Our talented
associates exemplify
our dedication to
helping our clients
prosper, as we
continue to build RGA
into an extraordinary
life reinsurer.
”
—A
. Greig Woodring
President and Chief Executive Officer
1988
1978
1973
General American
launched life
reinsurance division1
1975
General American Re
#3 U.S. life reinsurer
Expansion into special risk
and financial reinsurance
1976
Reinsurance
staff of 5
Reinsurance
sales volume of
$55 million
n
New facultative
underwriting
department with
staff of 2
1980
Premiums on reinsurance
sales volume exceeded
$1 million
1979
General American Re’s
first actuarial support –
Greig Woodring
1 General American Re, the reinsurance division created by the General American Life Insurance company in 1973, was the forerunner to RGA
1984
1990
General American Re
#8 U.S. life reinsurer
1983
$5.4 billion
reinsurance in force
1986
General American Re
#5 U.S. life reinsurer
$32 billion
reinsurance in force
n
General American Re
#2 U.S. life reinsurer
1989
$66 billion in force – almost
900,000 policies
First business relationships
with life insurers in Canada
and Europe
n
RGA has become one of the world’s most highly respected reinsurers
About RGA
Reinsurance Group of America, Incorporated (RGA) is a global leader in the life
reinsurance industry, with approximately $2.9 trillion of life reinsurance in force
and assets of more than $40.4 billion. From its world headquarters in St. Louis,
Missouri, U.S.A. and operations in 26 countries, RGA provides clients with expert
solutions in individual life reinsurance, individual living benefits reinsurance, group
reinsurance, health reinsurance, facultative underwriting, product development and
financially motivated reinsurance.
The Role of Reinsurance
Reinsurance is a type of
insurance coverage that an
insurance company, also
known as the ceding company,
purchases from the reinsurer in
order to transfer risk associated
with insurance.
Since its beginning in 1973, RGA has become one of the world’s most highly
respected reinsurers, recognized for its superior risk management expertise,
innovative product design, and dedicated client focus.
The purpose of reinsurance
is to manage and reduce the
financial impact of claims by
spreading risk. The insurance
company is able to avoid large
variations in claims experience
and maintain financial stability.
RGA is also the largest facultative underwriter in North America and a leader
worldwide, with an annual facultative underwriting capacity exceeding 100,000 cases
in the U.S. and more than 300,000 globally.
RGA’s Mission, Vision and Values
Our mission is to enhance our clients’ prosperity by supporting their financial and
risk management capabilities.
In fulfilling this mission, RGA is guided by a single vision that serves as the
foundation for everything we do and supports the development of our products and
services. This vision is to have our clients consider a long-term relationship with
RGA integral to their success. We work together to succeed together.
We realize this vision by never losing sight of our signature strength: most clientfocused life and health reinsurer. We continually build on our reputation as the
most responsive and innovative life and health reinsurer, a reputation that is backed
by multiple awards and international recognition by industry. Our core values —
relationship focus, entrepreneurship, collaboration and integrity — and our collective
commitment to our mission and vision shape the way that we work. We are proud
that our fundamental values make RGA a place where associates can learn and
grow. We strongly believe in promoting teamwork, open communication and
continuous improvement as we move toward our goals.
1994
Established initial
presence in Spain2
New Latin America and
Asia Pacific divisions
n
1992
RGA Life
Reinsurance
Company of
Canada launched
1993
1991
RGA common
stock IPO
1997
Malaysian Life
Reinsurance Group
Berhad formed via joint
venture Revenue,
market cap surpassed
$1 billion
n
1996
Formation of
RGA Australia
1995
Hong Kong, Japan
offices opened
Online reinsurance
underwriting system
2 RGA opened a representative office in Spain in 2000, which was awarded branch
office status in 2007
1998
South Africa, U.K.,
Mexico offices
opened Formation
of Longer Life
Foundation3
n
2005
2000
$500 billion
life reinsurance
in force
China office opened “Life
Reinsurance Company of the Year”
(The Review)4 “Best Overall Life
Reinsurer” (Flaspöhler)5
2002
n
South Korea, India
offices opened
2001
AURA, FAC Console
introduced
Forbes 400 Best
Companies list
n
3 The Longer Life Foundation is a not-for-profit partnership between RGA and the
School of Medicine at Washington University in St. Louis, created to fund research
that promotes health and assists in predicting longevity and wellness
n
2004
“Life Reinsurance
Company of the
Year” (The Review)4
2006
Poland office opened
Leading life reinsurer in
Asia Pacific in assumed
new business6
n
4 The Review – Worldwide Reinsurance annual industry awards
5 Flaspöhler Cedant Survey (Life – North America): 2005, 2007, 2009, 2011
6 NMG Consulting, Life & Health Reinsurance Programme
“
RGA’s culture is a magnet for a
certain type of individual — those
who are intellectually curious, who
are energized by challenges, who are
flexible in their ways of thinking, and
who wish to work on big problems
and develop the best solutions.
”
—B
rendan Galligan
Executive Vice President
Head of Business Development, Global Markets
Our People
RGA recruits and hires the “best of the best.” Our associates — 1,900 worldwide — are an incredibly talented,
dedicated and diverse mix of individuals who deliver innovative, expert solutions and excellent service to our clients
every day, in every region where we do business.
At RGA, we understand that our continued growth in the global life reinsurance market is driven by our greatest
asset: our associates. By employing a talented group of people and creating a productive environment in which
they can thrive, we are able to maintain our position as a global industry leader and provide value to our clients.
Working at RGA
RGA is focused on creating a great working environment where compensation, benefits and career development
opportunities underscore our commitment to the associates who make RGA an insurance industry leader.
Our Benefits
We support our associates’ efforts to achieve a healthy work-life balance by providing a variety of competitive
benefits packages to address their personal and professional needs. We offer competitive benefits packages
based each country we serve.
2010
2008
Germany office opened
“Best Overall Life Reinsurer”
(Flaspöhler)5 “Life Reinsurer
of the Year” (Asia Insurance
Industry Awards)7
n
n
Entered FORTUNE 500 list at #321 “#1 in Business
Capability” in Asia Pacific, Australia, Italy, Canada,
South Africa, U.K. & Ireland, and the U.S. (NMG)6
“Best Global Reinsurance Company for Life” (Reactions
Global Awards) “Number One Life Reinsurer” (Risk
Management, Insurance & Finance magazine)
n
n
n
2011
2009
2007
France, Italy offices
opened “Best Overall Life
Reinsurer” (Flaspöhler)5
n
8 RGA Global Reinsurance Company Ltd. Lebaun Branch
U.A.E. office opened “Best Overall Life Reinsurer” (Flaspöhler)5 “#1 in
Business Capability” in Canada, Central and Eastern Europe, Continental
Europe, Italy, Mexico, South Africa, and U.K. & Ireland 2011 cedant studies
(NMG)6 “Life Reinsurance Company of the Year” (The Review)4
n
Netherlands office opened “Life
Reinsurance Company of the
Year” (The Review)4 RGA Labuan
approval for Retakaful Window8
7 12th annual Asia Insurance Industry Awards
2012
Ranked #1 in Business Capability globally, and in national
and regional studies in the Asia, Canada, Europe, India, Italy,
Japan, Malaysia, Mexico, Singapore, South Africa, Taiwan,
U.K. & Ireland, and U.S. (individual mortality) markets (NMG)6
n
n
n
n
Our Communities
RGA recognizes the importance of giving back to the communities where we operate. Our global offices support a
wide array of charitable and community events that improve the lives of those around us, while promoting well-being
and collaboration among our associates.
Locations of RGA Operations
RGA serves clients in more than 60 countries from its subsidiaries, branch operations and representative offices in
the following countries:
Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia,
Mexico, Netherlands, New Zealand, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, Turkey, United
Arab Emirates, United Kingdom, United States
Australia
Barbado
Bermuda
Canada
China
France
German
Hong Ko
India
Ireland
Italy
Japan
Malaysia
Mexico
Netherla
New Zea
Poland
South Af
South Ko
Spain
Taiwan
Turkey
United A
United K
United S
RGA is focused on creating a great working environment
Best Overall
Life Reinsurer
2013 Flaspöhler Survey™
(Direct Writers Evaluate
Reinsurers/Life N.A.)
Life Reinsurance Company
of the Year
flaspohler
research group
#1 in Business
Capability Index
In 2012 NMG Consulting studies, RGA
was ranked #1 globally, and in national
and regional studies in the Asia, Canada,
Europe, India, Italy, Japan, Malaysia,
Mexico, Singapore, South Africa, Taiwan,
U.K. & Ireland, and U.S. (individual
mortality) markets, on NMG’s Business
Capability Index.
2013 Worldwide
Reinsurance Awards
Life Reinsurer of the Year
2012 Asia Insurance
Industry Awards
Recognized for
Forward Thinking
2013 Best’s Review
Awards and Recognitions
RGA’s actuaries, underwriters and other professionals in finance, investments, information technology, risk management,
marketing and human resources all bring an attitude of responsiveness and partnership to clients — both internal and
external — in every region and market in which RGA operates. It is this quality that separates RGA from its competitors.
Year after year, RGA achieves top rankings in industry surveys of ceding companies in categories such as business
capability and customer satisfaction. In addition to those awards shown above, other recent awards include the following:
•
RGA was named “Australia and New Zealand Reinsurance Company of the Year 2012” by Australia and New Zealand
Insurance Industry Awards.
•
GA was named “Best Global Reinsurance Company for Life” by Reactions Global Awards, sponsored by
R
Reactions magazine.
•
In 2011, RGA was recognized as “Best Reinsurer for Mortality Risk Transfer” by Life & Pension Risk Awards.
Financial Strength
2012 net premiums
derived from
U.S. operations
RGA’s principal operating subsidiary, RGA Reinsurance Company in
the U.S., is highly rated based on the company’s financial condition
and earnings. Its current ratings are:
RGA Reinsurance Company
(RGA’s principal operating subsidiary in the United States)
•
•
•
S
tandard & Poor’s Insurance Rating Service: AA- (Very Strong)
M
oody’s Investors Service: A1 (Good)
RGA Life Reinsurance Company of Canada
(RGA’s Canadian operating subsidiary)
•
•
33%
A
.M. Best Company: A+ (Superior)
S
tandard & Poor’s Insurance Rating Service: AA- (Very Strong)
RGA International Reinsurance Company Limited
(Based in Ireland, supports business operations outside
North America)
•
12%
S
tandard & Poor’s Insurance Rating Service: AA- (Very Strong)
RGA Reinsurance Company of Australia Limited
(RGA’s Australian operating subsidiary)
•
55%
A
.M. Best Company: A+ (Superior)
S
tandard & Poor’s Insurance Rating Service: AA- (Very Strong)
To learn more about RGA,
go to www.rgare.com
2012 net premiums
derived from
Canada operations
2012 net premiums
derived from
operations outside
North America
www.rgare.com