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Posted 03 January, 2024

REINSURANCE GROUP OF AMERICA INC appointed Tony Cheng as new CEO

NYSE:RGA appointed new Chief Executive Officer Tony Cheng in a 8-K filed on 03 January, 2024.


  Effective January 1, 2024, Tony Cheng, President, assumed the role of Chief Executive Officer.  

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Overview of REINSURANCE GROUP OF AMERICA INC
Financial Services • Reinsurance
Reinsurance Group of America, Inc. is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other. The U.S. and Latin America segment markets individual and group life and health reinsurance to domestic clients for a variety of products through yearly renewable term agreements, coinsurance, and modified coinsurance. The Canada segment offers individual life reinsurance, and, to a lesser extent, creditor, group life and health, critical illness, and disability reinsurance, through yearly renewable term and coinsurance agreements. The Europe, Middle East, and Africa segment serves individual and group life and health products through yearly renewable term and coinsurance agreements, reinsurance of critical illness coverage that provides a benefit in the event of the diagnosis of a pre-defined critical illness, and underwritten annuities. The Asia Pacific segment consists of individual and group life and health reinsurance, critical illness coverage, disability, and superannuation through yearly renewable term and coinsurance agreements. The Corporate and Other segment consists of investment income from unallocated invested assets, investment related gains, and losses and service fees. The company was founded in 1973 and is headquartered in Chesterfield, MO.
Market Cap
$12.0B
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REINSURANCE GROUP OF AMERICA INC by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 

As previously announced, on December 31, 2023, Anna Manning retired from the role of Chief Executive Officer of Reinsurance Group of America, Incorporated (the "Company"). In connection with Ms. Manning's retirement, she also resigned from the Company's Board of Directors (the "Board") on such date. Ms. Manning's resignation decreased the size of the Board to eleven directors. 

Effective January 1, 2024, Tony Cheng, President, assumed the role of Chief Executive Officer. Mr. Cheng, 49, has served as Company President and on the Board since January 4, 2023 and will continue in both roles. He is also a member of the Company's Executive Committee. Mr. Cheng joined the Company in 1997 as Chief Actuary of Malaysian Life Reinsurance Group Berhad, the Company's joint venture with the Life Insurance Association of Malaysia. In 2004, he was named Chief Executive Officer of the Hong Kong office, responsible for all business activity in Hong Kong and Southeast Asia. In 2011 he was appointed Senior Vice President, Asia, an expanded role incorporating overall management of the Company's Asia operations. Prior to becoming the Company's President, Mr. Cheng was Executive Vice President, Head of Asia, Australia and EMEA.