ST. LOUIS--(BUSINESS WIRE)--RGA Reinsurance Company, a subsidiary of Reinsurance Group of America, Incorporated (NYSE: RGA) originated $724 million of commercial mortgage loans for its U.S. investment portfolio in 2014, an 18.7% increase over 2013 originations of $610 million. RGA’s U.S. mortgage portfolio, as of December 31, 2014, totaled $2.7 billion.
“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 has an established network of six regional field offices including: Atlanta, Denver, Phoenix, Seattle, St. Louis and Washington DC. The company offers full service commercial mortgage loan capabilities, including underwriting, closing, portfolio and asset management, surveillance, loan servicing, and direct equity real estate management.
RGA’s commercial real estate business primarily invests and lends on multi-family, industrial, retail and office property.
Reinsurance Group of America, Incorporated (NYSE: RGA), one of the largest global life reinsurance companies in the world, provides clients with individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting and product development. The company serves 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 $44.7 billion.