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Life Health > Life Insurance

RGA To Offer Notes

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Reinsurance Group of America Inc. wants to borrow $300 million by issuing senior unsecured notes through a public offering.

RGA, Chesterfield, Mo., (NYSE:RGA) says the notes will be due in 2019. The life reinsurer expects to use the proceeds for general corporate purposes.

RGA believes that it now has the second largest market share in the U.S. life reinsurance market, the company says in an offering prospectus supplement. The aging of the U.S. population and the need for reinsurance arrangements to protect life insurers involved in mergers and acquisitions should lead to a growing demand for life reinsurance, RGA says.

But, given the recent extreme volatility, it is possible that “adverse capital and credit market conditions may significantly affect our ability to meet liquidity needs, access to capital and cost of capital,” RGA says in a description of offering risk factors.


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