Reinsurance Group of America (RGA) has appointed Axel André as its new government vp (EVP), with plans to raise him to chief monetary officer (CFO) after a transition interval.
André will assume his new position as EVP on 24 June 2024. He’s set to tackle the accountability of CFO on 5 August 2024, changing Todd Larson.
Larson will develop into particular adviser to the CEO till his retirement on 31 December 2024.
André joins RGA from American Fairness Funding Life Insurance coverage Firm, the place he has been working as the chief vp and CFO since 2021.
His background within the sector additionally features a tenure as EVP and CFO at Jackson Nationwide Life Insurance coverage, and 7 years at American Worldwide Group, culminating within the position of CFO for its particular person retirement enterprise.
RGA CEO Tony Cheng mentioned: “We’re thrilled to welcome Axel to RGA. His sturdy monitor file, coupled along with his expertise within the life insurance coverage trade, reinforces our confidence in his means to information our strategic initiatives.
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“Axel’s management qualities and deep insurance coverage information are aligned with our dedication to excellence and development, and we’re assured that his contributions will likely be instrumental as we proceed to evolve and obtain new successes.”
Lately, RGA signed a reinsurance settlement with Tokio Marine & Nichido Life Insurance coverage to reinsure a Y100bn ($637.74m) paid-up block of complete life insurance policies by coinsurance.
In one other strategic improvement earlier this 12 months, RGA appointed Sunil Sharma as its nation CEO for RGA India, bringing over three a long time of world insurance coverage and reinsurance market expertise to the corporate’s operations within the area.
In the meantime, December 2023 marked the launch of Ruby Reinsurance Firm (Ruby Re), a third-party life reinsurer established by RGA.
With fairness capital commitments from Golub Capital, Sammons Monetary Group, and Hudson Structured Capital Administration, Ruby Re will concentrate on US asset-intensive enterprise, working from Missouri.
