RGA enters into €1.3bn reinsurance deal with AXA France

The Reinsurance Group of America (RGA) has entered into a reinsurance agreement with AXA France covering more than 15,000 annuitants and related commitments of nearly €1.3 billion.

“Through this transaction, RGA again demonstrates its ability to implement effective solutions that mitigate longevity risk under changing regulatory environments,” said John Laughlin, executive vice president, global financial solutions, RGA.

Jacques de Peretti, CEO of AXA France, added: “With this second swap, AXA France continues to secure its obligations associated with longevity, and reinforces its lead as the only insurance player in France to enter into such transactions.”