Company Overview
Reinsurance Group of America, Incorporated (RGA) is a globally recognized leader in life and health reinsurance solutions. With its headquarters in Greater St. Louis, RGA is committed to its clients by focusing on risk management and financial innovation. It operates in more than 26 countries, assisting clients with risk management, capital optimization, and enhancing product offerings. Known for its expertise in mortality and morbidity risk, RGA differentiates itself by its dedicated focus on life and health reinsurance and its commitment to sustainable practices.
Recent Achievements and Initiatives
RGA has consistently received recognition for its global impact and contributions to the reinsurance industry. Among its accolades are multiple "Life Reinsurer of the Year" awards, notably at the Asia Insurance Industry Awards 2024 and the Middle East Insurance Industry Awards. Furthermore, the company was honored with the CSR Initiative of the Year at the Hong Kong Business Management Excellence Awards in 2025. RGA is publicly traded with a listing on the NYSE under the symbol: RGA. The company continues to bolster its industry position through strategic partnerships and financial innovations.
Organizational Structure
The leadership at RGA is spearheaded by Tony Cheng, the President and CEO, who directs the company through significant growth phases. Key members of the executive team include:
- Axel André, Executive Vice President and Chief Financial Officer, manages the financial and capital strategies.
- Leslie Barbi, Executive Vice President and Chief Investment Officer, spearheads investment strategies.
- Mark Brooks, Executive Vice President and Chief Information Officer, focuses on digital transformation and information technology strategy.
- Ron Herrmann, Executive Vice President and Head of the Americas, oversees operations in North and Latin America.
- Dustin Hetzler, Executive Vice President, is responsible for global financial solutions to drive RGA’s risk and financial management leadership.
Competitive Edge
RGA's strengths lie in its extensive mortality database and underwriting expertise, enabling superior insight into life and health insurance markets. The company uses reinsurance strategically as a financial tool for improved portfolio management and capital efficiency. RGA also places a strong emphasis on corporate governance and social responsibility, adhering strictly to transparency, integrity, and sustainability to foster business success and positive community impact globally.
Strategic Focus Areas
- Risk & Financial Management: RGA leads with solutions that help clients optimize capital and meet complex regulatory requirements.
- Innovation in Insurance: Investments in fintech and digital technologies drive innovation within life and health reinsurance.
- Client-Centric Approach: Local market knowledge combined with global insights enables RGA to offer customized and efficient risk management solutions.
Competitor Profiling
RGA navigates a competitive landscape dominated by major global and specialized regional reinsurance companies. Key competitors include:
Key Competitor Profiles
1. Munich Re
- Headquarters: Munich, Germany
- Number of Employees: 43,584
- Revenue: €67.1 billion (2022)
- Munich Re is the world’s largest reinsurer, providing diverse reinsurance and primary insurance solutions globally, with a focus on climate change adaptation.
2. Swiss Re
- Headquarters: Zürich, Switzerland
- Number of Employees: 14,719
- Revenue: US$49.954 billion (2023)
- A leader in reinsurance and risk transfer solutions, Swiss Re operates through key segments like Property & Casualty, Life & Health Reinsurance, and Corporate Solutions.
3. Hannover Re
- Headquarters: Hannover, Germany
- Number of Employees: 3,756
- Revenue: €33 billion (2023)
- The third-largest global reinsurer, Hannover Re offers comprehensive services in property, casualty, and life reinsurance.
4. SCOR SE
- Headquarters: Paris, France
- Number of Employees: 3,522
- Revenue: €19.7 billion (2022)
- SCOR SE specializes in property, casualty, and life reinsurance, with operations in 160 countries supporting strategic risk management and asset management services.
Additional Competitors
- AXIS Capital
- Everest Re Group
- PartnerRe
- Transamerica
- MS&AD Insurance Group
Market Position & Strategic Insights
RGA must account for the substantial market influence of competitors like Munich Re and Swiss Re, who dominate with their vast networks and market share. Competitors such as SCOR SE pioneer innovative solutions and partnerships, providing a model for potential enhancements to RGA's business model. Expanding its geographical footprint could rival Hannover Re's international presence, enabling RGA to strengthen its competitive position and adapt to dynamic market needs effectively.
