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Reinsurance Group of America, Incorporated (RGA), an international life and health reinsurer, has completed an asset-intensive reinsurance arrangement with Allianz Suisse Versicherungs-Gesellschaft AG.
The agreement transfers market and insurance risks associated with US $350 million in Swiss disability annuity obligations. This marks the first arrangement of its type in Switzerland and is intended to reinforce Allianz Suisse’s capital base.
“RGA is pleased to partner with Allianz on this groundbreaking capital management initiative,” commented Cormac Galvin, Senior Vice President, Managing Director, Europe, RGA.
He continued: “This landmark structure in Switzerland exemplifies our commitment to pioneering innovative reinsurance solutions.
“As leaders in capital-motivated reinsurance and longevity risk management, we are excited to continue delivering sophisticated, asset-intensive solutions that strengthen our partners capital positions across Continental Europe.”
“Partnering with RGA allows us to strengthen our capital position while maintaining our commitment to serving our Swiss customers,” added Remo Cavegn, Chief Financial Officer, Allianz Suisse.
“RGA’s expertise in capital-motivated reinsurance and deep understanding of the Swiss market made them the ideal partner for this market-first transaction.”
The transaction closed on July 29, 2025. No further details were released.
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