13 August 2015 Insurance

RGA acquires underwriting services provider

Reinsurance Group of America (RGA) has acquired Nebraska-based underwriting services provider, Elite Sales Processing (ESP).

Under the terms of the transaction, ESP will become a wholly owned subsidiary of RGA.

Alain Néemeh, RGA’s senior executive vice president, global life and health markets, said: “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.

“We are delighted to have ESP become a subsidiary of RGA, and believe our combined product offerings will be beneficial for our clients.”

Tom Gracey, chairman and co-founder, ESP, added: “RGA and ESP have a long, mutually beneficial history working together. We are looking forward to an exciting future as an RGA subsidiary.”

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