August 20, 2014

Firm represents Reinsurance Group of America in connection with its reinsurance of a  large block of term life insurance policies issued by subsidiaries of Voya Financial.

The firm recently represented Reinsurance Group of America in a transaction in which subsidiaries of Voya Financial (formerly ING – U.S.) will transfer to RGA, via reinsurance, an in-force block of 170,000 term life insurance polices.  The policies represent about $104 billion of life insurance, backed by more than $1.3 billion of statutory reserves. GA is one of the largest global life insurance companies in the world.  RGA has approximately $3 trillion of life insurance in force and assets of $43.2 billion.

The transaction was handled by partner Donald Henderson, senior staff attorney Elizabeth Bannigan and associate Bhavna Agnihotri.

Donald Henderson
Donald B. Henderson Jr. Senior Counsel Insurance - Transactional and Regulatory