The Firm represented the underwriters, led by BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, in connection with a registered offering by Reinsurance Group of America, Incorporated (“RGA”) of $700 million aggregate principal amount of 6.650% Fixed-Rate Reset Subordinated Debentures due 2055. RGA intends to use the net proceeds of the offering for general corporate purposes, including funding its obligations with respect to a previously announced reinsurance transaction between RGA and subsidiaries of Equitable Holdings, Inc.
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 one of the world’s largest and most respected reinsurers and is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024.
The Simpson Thacher team included Lesley Peng, Ben Carson, Andy Roy, Laura Yang and Deniz Demirci (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Jeanne Annarumma and Pasco Struhs (Executive Compensation and Employee Benefits); Steven DeLott (Insurance); and Andrew Pagliughi (FINRA and Blue Sky).