BREAKING NEWS: Woodring steps down as CEO of RGA

Greig Woodring, the chief executive of Reinsurance Group of America, will step down at the end of 2016 and be replaced by Anna Manning.

Manning was appointed president in November 2015. The board announced at that time that it expected her to succeed Woodring, who will now retire on December 31, 2016.

“In anticipation of Greig’s retirement, the Board has actively engaged on CEO succession planning for several years,” said Cliff Eason, chairman of the board of directors of RGA.

“Anna is a seasoned professional with outstanding business acumen, a deep understanding of the industry, and strong technical skills.

“Over the past year, since being named president, she has been working more closely with Greig to ensure a smooth transition upon his retirement. The Board is confident that she is fully prepared to take the helm and lead RGA forward. In addition, RGA’s strong and deep management bench is well-positioned to support Anna and to successfully execute the company’s growth strategies.”