Axel André Joins RGA to Succeed Todd Larson as Chief Financial Officer

Rhea-AI Summary

Reinsurance Group of America (NYSE: RGA) has announced the appointment of Axel André as its new Chief Financial Officer (CFO), effective August 5, 2024. André will succeed Todd Larson, who will transition to the role of Special Advisor to the CEO until his retirement on December 31, 2024. André joins RGA from American Equity Investment Life Insurance Company, where he served as Executive Vice President and CFO since 2021. His extensive experience in the insurance industry includes executive roles at Jackson National Life Insurance and American International Group (AIG). The transition aims to leverage André’s expertise to drive RGA’s strategic initiatives and growth.

Positive

• Axel André's appointment as CFO, effective August 5, 2024, brings extensive experience in the insurance industry.
• Todd Larson, with nearly 30 years at RGA, will continue to contribute as a Special Advisor to the CEO until his retirement on December 31, 2024.
• André's background includes leadership roles at AEL, Jackson National Life Insurance, and AIG, enhancing confidence in his ability to guide RGA's strategic initiatives.
• RGA's leadership emphasizes André's deep insurance knowledge and leadership qualities, aligning with the company's commitment to excellence and growth.

Negative

• Transition periods and leadership changes can introduce uncertainty, potentially affecting short-term strategic stability.
• Todd Larson's departure marks the end of nearly 30 years of consistent financial leadership, creating a gap that needs careful management.

ST. LOUIS--(BUSINESS WIRE)-- Reinsurance Group of America, Incorporated (NYSE: RGA) announced today that Axel André will join the company as Executive Vice President on June 24, 2024. Following a brief transition period, effective August 5, the company expects to name André Chief Financial Officer (CFO), the role currently held by Todd Larson. Larson will transition into the role of Special Advisor to the CEO and will serve in that capacity until his retirement on December 31, 2024.

“In his nearly 30 years with RGA, Todd has steadily raised the bar for RGA’s financial and capital management function,” said Tony Cheng, President and Chief Executive Officer, RGA. “He has built and led a talented and diverse financial team, and as a company, we have only grown stronger under Todd’s financial leadership. Todd’s wealth of industry and capital markets experience has established a firm foundation for RGA’s capital management moving forward. I know I speak for many when I express my gratitude for Todd’s instrumental role in the success of the company.”

André joins RGA from American Equity Investment Life Insurance Company (AEL), where he served as their Executive Vice President and CFO since 2021. Prior to AEL, he was Executive Vice President and CFO at Jackson National Life Insurance. Before that, André spent seven years at American International Group, Inc. (AIG), most recently serving as the CFO for their Individual Retirement business.

“We are thrilled to welcome Axel to RGA,” said Cheng. “His strong track record, coupled with his experience in the life insurance industry, reinforces our confidence in his ability to guide our strategic initiatives. Axel’s leadership qualities and deep insurance knowledge are aligned with our commitment to excellence and growth, and we are confident that his contributions will be instrumental as we continue to evolve and achieve new successes."

About RGA

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately $3.7 trillion of life reinsurance in force and assets of $106.0 billion as of March 31, 2024. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at investor.rgare.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240528810221/en/

Lynn Phillips

Vice President, Corporate Communications

636-736-2351

lphillips@rgare.com

Lizzie Curry

Executive Director, Public Relations

636-736-8521

lizzie.curry@rgare.com

Jeff Hopson

Senior Vice President, Investor Relations

636-736-2068

jhopson@rgare.com

Source: Reinsurance Group of America, Incorporated

FAQ

When will Axel André assume the role of CFO at RGA?

Axel André is expected to assume the role of CFO at RGA on August 5, 2024.

What is Axel André’s background before joining RGA?

Axel André served as Executive Vice President and CFO at American Equity Investment Life Insurance Company since 2021, and previously held executive roles at Jackson National Life Insurance and American International Group (AIG).

Who did Axel André succeed as CFO at RGA?

Axel André will succeed Todd Larson as CFO of RGA.

What will Todd Larson's role be after stepping down as CFO?

Todd Larson will transition to the role of Special Advisor to the CEO until his retirement on December 31, 2024.

What impact is expected from Axel André’s appointment on RGA's strategic initiatives?

RGA expects Axel André’s extensive insurance industry experience to guide and enhance the company’s strategic initiatives and growth plans.