Reinsurance Group of America, a reading life reinsurer, announced that it has received approval from the China Insurance Regulatory Commission to open a representative office in China, its eighth location in the Asia Pacific region.
“We are very pleased to receive approval for our representative office in China,” stated Graham Watson, CEO of RGA’s international operations.
“China is a vital and vibrant insurance marketplace. RGA, as one of the world’s leading life reinsurers, has a lot to offer both local and international carriers in this market.
“China will become one of the world’s largest insurance markets, and RGA will be positioned to facilitate that growth,” Mr. Watson continued. “China is important to RGA’s clients and is important to RGA. Our China initiative will represent a key strategic component in RGA’s international business plan and underscores RGA’s view of the Asia Pacific region as pivotal in the success of its ongoing global expansion.”
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