RGA names new member of board of administrators

Reinsurance Group of America (RGA) has introduced the appointment of Alison Rand to its board of administrators, efficient from April 1, 2024.

Beforehand, Rand served because the chief monetary officer for Primerica, an insurance coverage, funding, and monetary companies distribution firm with over 140,000 impartial brokers throughout the US and Canada. Becoming a member of Primerica in 1995 and getting into the chief vp and CFO position in 2000, Rand was key in main Primerica’s preliminary public providing in 2010.

Apart from her new position at RGA, Rand is an impartial director at Areas Monetary Company, contributing to the audit and know-how committees. A College of Florida alumna, with a BS in accounting and licensed public accountant credentials, she actively participates within the college’s Nationwide Basis Board and previously chaired its audit committee.

At present, Rand can also be the vice chair of the Dean’s advisory council on the College of Florida Warrington School of Enterprise.

RGA’s president and CEO, Tony Cheng, highlighted Rand’s contribution to monetary management and her position in constructing investor confidence.

“All through Alison’s tenure as an government chief, she has been a driving drive behind reaching monetary excellence and fostering investor belief,” Cheng mentioned. “Her experience as a former chief monetary officer, mixed together with her background in company finance and danger administration, might be pivotal as we execute on our enterprise technique and proceed our trajectory of development and success.”

Stephen O’Hearn, RGA’s board chair, additionally commented on Rand’s appointment, mentioning her broad data base and abilities in investor relations, strategic planning, and danger administration.

“Alison’s complete data, spanning investor relations, strategic planning, and danger administration, enhances her proficiency in cultivating organizational resilience and powerful board relations,” O’Hearn mentioned. “Her many years of expertise in management within the North American insurance coverage market will strengthen our Board, and we’re thrilled Alison might be becoming a member of us.”

Elsewhere, the American reinsurer additionally just lately introduced an settlement with Japan Submit Insurance coverage Firm (Kampo) for about JPY700 billion in-force block of particular person life annuities.

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