Reinsurance Group of America, Inc. (“RGA”) has completed a $2.9 billion annuity reinsurance transaction with Horace Mann Life Insurance Company, a subsidiary of Horace Mann Educators Corporation.
Under the agreement, a subsidiary of RGA will reinsure a seasoned block of U.S. annuity business and Horace Mann will continue to service and administer the policies.
“We are pleased to expand the strong partnership with Horace Mann and to advance RGA's overarching long term strategy to grow our asset intensive business,” said John Laughlin, executive vice president for global financial solutions at RGA. “This transaction is another solid example of RGA's dedication to working with clients to meet their capital and risk management objectives.”
Learn more: www.rgare.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].