



Reinsurance Group of America (RGA) has completed an asset-intensive reinsurance arrangement valued at $350m with Allianz Suisse.
The agreement transfers market and insurance risks associated with US$ 350m in Swiss disability annuity obligations. The transaction marks the first arrangement of its type in Switzerland and is intended to reinforce Allianz Suisse’s capital base.
“RGA is pleased to partner with Allianz on this groundbreaking capital management initiative,” commented Cormac Galvin, senior vice president, managing director, Europe, RGA.
“This landmark structure in Switzerland exemplifies our commitment to pioneering innovative reinsurance solutions.
“As leaders in capital-motivated reinsurance and longevity risk management, we are excited to continue delivering sophisticated, asset-intensive solutions that strengthen our partners capital positions across Continental Europe.”