ST. LOUIS, MO--(Marketwire -08/24/12)- RGA Reinsurance Company of Australia Limited ('RGA Australia'), a subsidiary of Reinsurance Group of America, Incorporated (RGA), has been named "Reinsurance Company of the Year" by the 2012 Australia Insurance Industry Awards. This marks the third consecutive time RGA Australia has received this award in recognition of its commitment to helping the life insurance industry in Australia innovate and grow.
The awards, which are hosted by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and Asia Insurance Review magazine (AIR), recognize outstanding achievement in the Australian insurance industry.
The judges were impressed by RGA Australia's market knowledge and thought leadership, demonstrated through initiatives that benefitted the industry. RGA initiatives included a significant underwriting benchmarking survey; road shows in which Chief Medical Officers shared valuable insights; forums such as the Brain and Mind Symposium; a unique TeleXpress telephone underwriting service; and a market-leading underwriting manual.
"RGA Australia is gratified to be named 'Reinsurance Company of the Year' by the Australian and New Zealand Institute of Insurance and Finance for the third consecutive time. We value this recognition highly, especially considering the award category includes both life and general reinsurance companies," said Greig Woodring, President and Chief Executive Officer, Reinsurance Group of America, Incorporated (RGA).
Pauline Blight-Johnson, Managing Director, RGA Australia, said, "This is the premier insurance award in the Australian and New Zealand industry. We are honored by this recognition, and proud of our track record of partnering with life insurance companies to find new ways to help grow their businesses."
Reinsurance Group of America, Incorporated (RGA) is among the largest global providers of life reinsurance with operations in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, the United Arab Emirates, the United Kingdom and the United States. As of June 30, 2012, the company had approximately $2.8 trillion of life reinsurance in force and assets of $38.3 billion.