RGA Names Todd Larson as Chief Financial Officer; Jack Lay to Retire at End of 2016
March 07 2016 - 4:30PM
Business Wire
Reinsurance Group of America, Incorporated (NYSE: RGA) announced
today that Todd C. Larson, currently the company's Executive Vice
President and Chief Risk Officer, has been named Senior Executive
Vice President and Chief Financial Officer, effective May 1, 2016.
He will succeed Jack B. Lay, who will be 62 upon retirement at the
end of the year. Lay has been instrumental in guiding the company’s
finances since its initial public offering in 1993. Through the end
of the year, Lay will retain oversight responsibility for the
company's investment function and will support the transition of
the Chief Financial Officer responsibilities to Larson. Those
responsibilities include oversight of RGA’s financial, treasury and
capital management functions, as well as all aspects of internal
and external financial reporting.
Larson, 52, joined RGA in 1995 as Vice President and Controller,
and assumed additional responsibilities as RGA grew. As Executive
Vice President, Corporate Finance and Treasurer, he was responsible
for all external reporting, including filings to the Securities and
Exchange Commission, regulatory filings, and the annual report to
shareholders. Larson was also responsible for internal management
of financial reporting for RGA’s various operating segments and
subsidiaries, as well as the capital management and treasury
functions. In his current position as Executive Vice President and
Chief Risk Officer, he is responsible for global enterprise risk
management. He received a Bachelor of Science degree in Accounting
from Northern Illinois University and is a Certified Public
Accountant.
A. Greig Woodring, RGA's Chief Executive Officer, commented on
the appointment, “Jack and I have worked together for over 20
years. He has acted as my close advisor and trusted partner in
steering RGA toward major milestones, including RGA’s initial
public offering, our global expansion in the years that followed,
and most recently, our investment in a new global headquarters.
Jack’s decision to retire in his 25th year with the company was
reinforced by RGA’s strong financial condition and excellent
strategic position at this time, and by his full confidence in
Todd’s capabilities to assume this important role. I am proud of
the strong leadership team RGA has developed. This enables us to
ably transition critical positions like this to executives with
significant experience and understanding of RGA’s unique and
successful culture.”
Anna Manning, RGA’s President, added, “Todd has a wealth of
industry and capital markets experience, and has been instrumental
in sustaining RGA’s sound financial and capital management
practices through all business cycles. Greig and I are very pleased
to have a trusted and talented successor to the CFO role. I know
Todd is the right person to partner with me as we build and execute
our future strategies.”
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA), a
FORTUNE 500 company, is among the leading global providers of life
reinsurance and financial solutions, with approximately $3.0
trillion of life reinsurance in force and assets of $50.4 billion
as of December 31, 2015. Founded in 1973, today RGA is widely
recognized for its deep technical expertise in risk and capital
management, innovative solutions, and commitment to serving its
clients. From its headquarters in St. Louis, Missouri and
operations in 26 countries, RGA delivers expert solutions in
individual life reinsurance, individual living benefits
reinsurance, group reinsurance, health reinsurance, facultative
underwriting, product development, and financial solutions. To
learn more about RGA and its businesses, visit the company’s
website at www.rgare.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160307006555/en/
Reinsurance Group of AmericaJeff Hopson, 636-736-2068Senior Vice
President, Investor Relationsjhopson@rgare.comorSally Smith,
636-736-8167Vice President, Corporate
Communicationsssmith@rgare.comorLynn Phillips,
636-736-2351Executive Director, Public
Relationslphillips@rgare.com
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