Reinsurance Group of America (RGA) has announced the promotion of Alissa Holz (pictured above) to chief executive officer of RGA Australia and New Zealand, effective April 1.
In this role, Holz will take on full responsibility for the company’s business operations in the region and will join the RGA Australia board.
As part of this transition, Mark Stewart will step down as managing director of RGA Australia and New Zealand to focus on broader responsibilities within the Asia Pacific region.
Stewart will take on the role of senior vice president and chief actuary for Asia Pacific, expanding his scope to include RGA India and regional underwriting, medical, and claims, alongside his current oversight of regional pricing, risk management, and valuation.
Outside of its regional appointments, the company also announced last year that it has brought in Axel André as executive vice president, who then transitioned to chief financial officer in August 2024.
André succeeded Todd Larson, who retired on Dec. 31. Prior to joining RGA, André served as CFO at American Equity Investment Life Insurance Company.
Last month, RGA announced an agreement with Equitable Holdings to reinsure a diversified block of life insurance products totaling US$32 billion in liabilities. RGA said that this strategic partnership is expected to contribute positively to the company’s adjusted operating earnings per share.
Meanwhile, in January, RGA also made a strategic investment in PACT Capital LLC, an independent investment firm focused on providing capital and strategic support to middle-market alternative asset managers. This partnership aims to enhance RGA's investment capabilities and exposure to specialized asset classes.
November last year also saw RGA entering into a US$5.4 billion reinsurance agreement with Manulife, covering US$2.4 billion of long-term care (LTC) reserves. This transaction aims to reinsure two blocks of legacy business, including portions of US LTC and structured settlements.
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