Reinsurance Group of America, Incorporated Added to FORTUNE 500 List
St. Louis, Missouri, April 19, 2010 -- Reinsurance Group of America (NYSE: RGA), a leading global life reinsurer, is pleased to announce it has entered the prestigious FORTUNE 500 list of America's corporations at #321. The annual ranking, which ranks U.S.-based companies by total revenue, will appear in the May 3 issue of FORTUNE magazine.
RGA began operations in 1973, and has since grown to become the second-largest life reinsurer in North America and the third-largest in the world. The company serves clients in more than 65 countries, providing traditional life and group reinsurance, facultative underwriting, product development, financially motivated reinsurance services, and other risk management solutions. RGA is the leading facultative reinsurer in the life insurance industry, employing its expertise and capacity to help clients around the world solve problems associated with impaired risk and large cases.
"It is an honor to be named to the FORTUNE 500 list of the largest companies in America," said A. Greig Woodring, President and Chief Executive Officer of RGA. "Credit for this achievement belongs to RGA's employees, who consistently lead the life reinsurance industry in delivering expert solutions and innovative products. Being added to the FORTUNE 500 caps a very rewarding year, during which RGA received several signficant awards from insurance industry bodies around the world."
Legal statement:
"Effective January 1, 2010 and subject to the exception noted below, the Group Reinsurance business formerly known as ING Reinsurance (the "Business") written and administered by ReliaStar Life Insurance Company was 100% coinsured to RGA Reinsurance Company and RGA Life Reinsurance Company of Canada (collectively, "RGA"). RGA is also responsible for all administrative activities related to the Business. Please contact RGA with any inquiries. ING is retaining a block of run-off business written by ReliaStar Life Insurance Company, primarily involving discontinued reinsurance business written prior to 2002 (e.g., international and workers' compensation carve-out reinsurance business). RGA is not assuming the administration of this run-off business and all inquiries should continue to be directed to ING consistent with past course of administration."