The companies announced the agreement on Tuesday. Reinsurance Group of America reinsurance group Incorporated (RGA) has agreed to sell its Dutch life insurance company Leidsche Verzekering Maatschappij N.V. (Leidsche) to the multi-purpose insurer De Goudse N.V. ST. LOUIS— (BUSINESS WIRE)-oct. 16, 2009– U.S. reinsurance group, Incorporated (NYSE: RGA) today announced an agreement with ReliaStar Life Insurance Company, a subsidiary of ING Groep N.V., that RGA has taken over ReliaStar`s U.S. and Canadian life reinsurance, accident and health reinsurance operations. The assumption will be structured as a co-insurance contract and is expected to take effect on January 1, 2010, subject to regulatory approvals. The RGA will finance the acquisition with the existing capital. The concrete terms of the agreement were not disclosed. Please upload a possible solution for individual premium savings carriers denominated in foreign currency by email or mail to GEIGTE at the bottom of the GEIGTE form.
— Connect to ThinkAdvisor Life/Health on Facebook, LinkedIn and Twitter. Johan Tuijp, Managing Director, Netherlands and Nordics, commented: “RGA remains very involved in serving its customers in the reinsurance sector in the Netherlands. We believe that the sale of Leidsche will support its long-term growth strategy in the protection market, which could not be sustained directly under the ownership of RGA, and we are confident that De Goudse will be in harmony with Leidsche`s vision and will be an exceptional new home for Leidsche policyholders and employees. Return to the creditor (RTV) is the process by which the goods are returned to the original lender instead of the distributor. In many cases, the RTV was initially returned to the seller by the end consumer. While RTV transactions are usually between the seller and the seller, the end consumer returns the product directly to the borrower in some cases, with the distributor required to do so.  De Goudse is a Life Insurer based in Gouda with annual sales of approximately $800 million. Expand your retirement business with the help of expertsViews and analyses that you can access in one place – FREE. RGA can support your global growth goals. We combine professionalism, innovation, know-how and execution focus to help our customers develop new products and write more new stores. . When the RGA purchased Leidsche Verzekering, it had $147 million in assets and $135 million in debt.
NEXT AURA is a decision management platform, supported by RGA`s expertise and analytical expertise. For two decades, AURA NEXT has enabled companies on six continents to realize the essential benefits of a fast, flexible and reliable automated subsystem. Olav Cuiper, Executive Vice President (EPP), EMEA Markets at RGA, said: “We started the sales process in a pre-COVID-19 environment and even in these unprecedented times we achieved an optimal transaction result. We are very proud of the team that supported the agreement, and we believe that our long-standing relationship with De Goudse has been a key to making this process as fluid and efficient as possible. U.S. Reinsurance Group, IncorporatedJack B. LaySenior Executive Vice President andChief Financial Officer636-736-7000 (related results: Prudential, Genworth, CNO, RGA, Sun Life) Reinsurance Group of America Inc.