Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Reinsurance Group of America Announces Longevity Reinsurance Transaction with Athora Netherlands.

Document Cited in Related
Vincent

ENPNewswire-September 9, 2021--Reinsurance Group of America Announces Longevity Reinsurance Transaction with Athora Netherlands

(C)2021 ENPublishing - http://www.enpublishing.co.uk

Release date- 08092021 - Reinsurance Group of America, Incorporated (NYSE: RGA) a leading global life and health reinsurer, today announced the completion of a longevity reinsurance transaction with Athora Netherlands, a leading pension provider in the Dutch market.

The reinsurance transaction covers an inforce portfolio of approximately 46 thousand individual annuity polices written by Athora in the Netherlands with total reserves of approximately EUR 3.3 bln. Under this reinsurance agreement, the longevity risk is transferred to RGA over the full remaining term of the underlying portfolio.

'We are very pleased to have worked with Athora to complete this transaction. This deal is representative of the guiding principles of RGA - to work closely with our clients and partners to develop customized solutions to help them address financial challenges and position themselves for future growth,' said Olav Cuiper, Executive Vice President, Head of RGA EMEA. 'We are actively working to grow our longevity business in continental Europe, and we are proud to build on our past groundbreaking transactions in the Netherlands and France and our strong franchise in the U.K.'

'By collaborating with RGA, we were able to use their local market knowledge and global expertise to build an attractive solution to meet our risk capital and management goals,' said Etienne Comon, Chief Capital &amp...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT