Reinsurance Group of America Inc. says it plans to sell a small life and annuity subsidiary in the Netherlands to a bigger Dutch life insurer.
De Goudse N.V. has agreed to buy Leidsche Verzekering Maatschappij N.V. from RGA.
RGA and De Goudse are not saying how much De Goudse might pay for Leidsche Verzekering.
The companies announced the deal agreement Tuesday.
RGA is a life, health and annuity reinsurer based in Chesterfield, Missouri.
Leidsche Verzekering is based in Gouda, a city in the Netherlands.
De Goudse is a Gouda-based life insurer with the equivalent of about $800 million in annual revenue.
RGA said it and De Goudse need to get approvals from Dutch antitrust regulators, De Nederlandsche Bank and the Bermuda Monetary Authority before they can complete the deal.
Under Dutch law, they also must consult with a body that represents the interests of Leidsche Verzekering’s employees.