RGA Reinsurance grows commercial mortgage loans portfolio

RGA Reinsurance Company, a subsidiary of Reinsurance Group of America, originated $724 million of commercial mortgage loans for its US investment portfolio in 2014.

The 2014 total saw an 18.7 percent increase over 2013 originations of $610 million.

“RGA is pleased to have shown strong growth again this year in our commercial mortgage-based business,” said Mike McLellan, senior vice president and head of real estate investments at RGA.

“We believe that our regionally-focused model, including a presence in six major cities, has allowed RGA to build brand recognition, providing direct access to real estate investments and stable portfolio growth.”

RGA’s US mortgage portfolio, as of December 31, 2014, totalled $2.7 billion.