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RGA Closes On ING Deal

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Reinsurance Group of America Inc. (NYSE:RGA) has completed the previously announced acquisition of the U.S. and Canadian group life, accident and health reinsurance business of ReliaStar Life Insurance Company.

ReliaStar, a subsidiary of ING Groep N.V., the Netherlands, operated the reinsurance business under the name ING Reinsurance, Minneapolis.

ING Reinsurance’s team of about 90 employees will stay in Minneapolis. The employees will continue to underwrite group life, disability, specialty and medical and managed care reinsurance, and they will offer claims management services, market research, and risk reviews, according to RGA, Chesterfield, Mo.