Reinsurance Group of America and RenaissanceRe launch Langhorne Re
Source: Asia Insurance Review | Feb 2018
Reinsurance Group of America, Incorporated (RGA) and RenaissanceRe Holdings Ltd (RenaissanceRe), have announced the launch of Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks.
To date, Langhorne Re has secured US$780 million of equity capital commitments including investments from RGA and RenaissanceRe. Langhorne Re will combine a strong long-term capital base with underwriting and third-party capital management support from RGA and RenaissanceRe to purchase large in-force life and annuity blocks, allowing clients to de-risk and optimise their capital management. A