Reinsurance Group Of America Announces Organizational Change

(RTTNews) - Reinsurance Group of America, Inc. (RGA) announced an organizational change that will align the company's businesses and functions into four global organizations.

RGA said the change positions its business leaders to continue to deliver risk transfer and capital management solutions to clients and provides the framework for additional growth. Each of the newly announced organizations will be responsible for a particular operating function and will report directly to RGA's President and Chief Executive Officer, Greig Woodring.

Alain Néemeh, Senior Executive Vice President or SEVP, Global Life and Health Markets, will assume responsibility for RGA's core traditional life and health business worldwide and Anna Manning, SEVP, Global Structured Solutions, will assume responsibility for transactional business, including RGA's Global Financial Solutions and Global Acquisitions units, the company said.

Donna Kinnaird, SEVP and Chief Operating Officer, will assume responsibility for corporate initiatives aimed at new expansion opportunities while remaining responsible for the company's corporate services and global accounts. Jack Lay, SEVP and Chief Financial Officer, will continue to be responsible for the Finance and Investments organization, RGA added.

According to the company, the current financial reporting and geographic segments will not change and the new organizational structure will take effect January 1, 2015.