NEW YORK, September 28, 2018 – Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks which was launched in January 2018 by Reinsurance Group of America, Incorporated (RGA) and RenaissanceRe Holdings Ltd., was named “Launch of the Year” at the 2018 Reactions North America Awards, presented last night at a gala awards celebration in New York City.
The Reactions North America Awards honor the achievements of companies and individuals who help to raise standards across the insurance industry in North America. The awards are adjudicated annually by a distinguished panel of insurance and reinsurance leaders and are widely recognized for their rigorous and independent judging process.
“Langhorne Re is honored to have received this award, which is a testament to the vision of RGA and RenaissanceRe and to the trust our investors have placed in us,” said Andrew Markus, Chief Operating Officer and General Counsel, Langhorne Holdings LLC.
“Langhorne Re was established to help insurers seeking to free up capital from large blocks of business and facing limited options,” said Andrew Edwardson, Managing Director, RGA Capital Partners. “This award is much appreciated as it provides additional validation of Langhorne Re’s success in addressing a widespread market demand with a solution uniquely tailored to life insurers.”
“We are pleased by this recognition of Langhorne Re’s successful launch and innovative strategy. We’re confident the Langhorne Re team will continue to build its business, serve its clients and generate attractive results for its investors,” said Aditya K. Dutt, President, Renaissance Underwriting Managers, Ltd.
About Langhorne Re
Langhorne Re is a global reinsurer targeting large in-force life and annuity blocks. The vehicle is funded with capital commitments from RGA and RenaissanceRe and other third-party pension fund and life insurance companies.
Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.3 trillion of life reinsurance in force and assets of $59.8 billion as of June 30, 2018. Founded in 1973, RGA is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about RGA and its businesses, visit the company’s website at www.rgare.com.
RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Ireland, Singapore, Switzerland, the United Kingdom and the United States.