RGA Acquires Elite Sales Processing, Inc.
August 12 2015 - 2:20PM
Business Wire
Reinsurance Group of America, Incorporated (NYSE: RGA) today
announced that it has acquired Nebraska-based underwriting services
provider, Elite Sales Processing, Inc. (ESP). Under the terms of
the deal, ESP will become a wholly owned subsidiary of RGA.
“Underwriting support has always been one of RGA’s core service
offerings. ESP, a leader in the growing outsourced underwriting
market, is well-known and highly respected in the direct insurance
industry,” said Alain Néemeh, RGA’s Senior Executive Vice
President, Global Life and Health Markets. “We are delighted to
have ESP become a subsidiary of RGA, and believe our combined
product offerings will be beneficial for our clients.”
“RGA and ESP have a long, mutually beneficial history working
together,” said Tom Gracey, Chairman and Co-Founder, ESP. “We are
looking forward to an exciting future as an RGA subsidiary.”
In addition to its Omaha headquarters, ESP has a contact center
in Harlan, Iowa. Staffing at both offices is expected to remain
unchanged. Additional terms of the deal, including the transaction
price, are not being disclosed.
About RGA
Reinsurance Group of America, Incorporated is one of the largest
global life and health reinsurance companies in the world. The
company provides clients with individual life reinsurance,
individual living benefits reinsurance, group reinsurance, health
reinsurance, financial solutions, facultative underwriting and
product development. RGA and its subsidiaries serve clients from
operations in Australia, Barbados, Bermuda, Canada, China, France,
Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico,
the Netherlands, New Zealand, Poland, Singapore, South Africa,
South Korea, Spain, Taiwan, Turkey, the United Arab Emirates, the
United Kingdom, and the United States. Worldwide, RGA has
approximately $2.9 trillion of life reinsurance in force and assets
of $47.5 billion.
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version on businesswire.com: http://www.businesswire.com/news/home/20150812005335/en/
Reinsurance Group of America, IncorporatedLynn Phillips,
636-736-2351Executive Director, Public Relationslphillips@rgare.comorJeff Hopson,
636-736-2068Senior Vice President, Investor Relationsjhopson@rgare.comorSally Smith, 636-736-8167Vice
President, Corporate Communicationsssmith@rgare.com
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