The companies announced the agreement on Tuesday. ST. ST. LOUIS-(BUSINESS WIRE)-Oct 16, 2009– U.S. Reinsurance Group, Incorporated (NYSE: RGA) today announced an agreement with ReliaStar Life Insurance Company, a subsidiary of ING Groep N.V., that RGA has taken over Relia`s U.S. and Canadian life reinsurance, accident and health reinsurance operations. The assumption will be structured as a co-insurance contract and is expected to take effect on January 1, 2010, subject to regulatory approvals. The RGA will finance the acquisition with the existing capital. The concrete terms of the agreement were not disclosed. Reinsurance Group of America reinsurance group, Incorporated (RGA) has agreed to sell its Dutch life insurance company Leidsche Verzekering Maatschappij N.V. (Leidsche) to the versatile insurer De Goudse N.V. Develop your retirement business with the help of expertsView and analysis that you can access in one place – FREE. « We are confident that De Goudse will be in harmony with Leidsche`s vision and will be an exceptional new home for Leidsche policyholders and employees, » said Mr.
Tulip. Receive a weekly summary of the stories that most influence life and health insurance – FREE. — Connect to ThinkAdvisor Life/Health on Facebook, LinkedIn and Twitter. A message about the new coronavirus (COVID-19) When challenges arise, sub-leaders around the world turn to RGA. With knowledge developed over four decades, RGA is ideally positioned to reshape underwriting processes, to support individual life benefits, longevity and group reinsurance products. . The companies did not indicate a scheduled closing date. (Results: Prudential, Genworth, CNO, RGA, Sun Life) Founded in 1924, De Goudse has a strong entrepreneurial focus and a specialized focus on insurance solutions for businesses as well as life, expat and travel insurance. . Reinsurance Group of America, IncorporatedJack B.
LaySenior Executive Vice President andChief Financial Officer636-736-7000 RGA, provides in-depth knowledge of local markets, health product trends and risks in the world`s most important regions. Start your morning with vital insurance, analysis and trends – FREE. Explore the factors that influence the public`s perception of COVID-19 risk and the impact on insurers. The terms of the transaction have not been disclosed and the agreement is subject to the agreement of the Competition Authority, the Nederlandsche Bank and the Bermuda Monetary Authority, as well as the conclusion of the consultation procedure with the De Goudse Works Council. By Goudse N.V.