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United Kingdom
Overview

RGA's Global Financial Solutions U.K. office provides tailored longevity, asset-intensive and financial reinsurance cover. Our financial strength makes RGA an ideal partner to support clients' capital management and investment aims. We have the expertise and experience to develop the right solution for each client and ensure smooth execution.

Building on the depth of our experience in the underwritten annuity market, RGA executed our first longevity swap in 2008. Since then, we have reinsured over £20 billion of U.K. longevity exposure, and RGA continues to be a leader in this area. In addition, RGA's asset-intensive, or funded, reinsurance offers attractive solutions for U.K. clients. Our team has significant experience in structuring and executing these transactions, with more than £3 billion of premium transferred to date. 

RGA also works closely with our clients to identify areas where financial reinsurance may provide substantial capital benefits. Having executed our first Solvency II-specific financial reinsurance transaction in January 2016, RGA is well positioned to help clients address the challenges – and opportunities – Solvency II presents.


Meet Our UK Team

Galloway_Hamish
Hamish Galloway
FIA
Senior Vice President
Global Financial Solutions
 

Hamish Galloway is Senior Vice President, Global Financial Solutions (GFS) for RGA UK Services Limited. He heads the office’s Financial Solutions team, which focuses on longevity reinsurance and financial reinsurance.

In 1998, Hamish was the first employee hired by RGA in the United Kingdom. He was an integral member of the team that took RGA’s UK operations from a startup to its current status as the market’s leading life reinsurance provider. He spent the first 10 years as Chief Pricing Actuary. He was named Head of Longevity and Financial Reinsurance in 2009, and later became Senior Vice President, GFS.

Hamish came to RGA from Gerling Global (UK), where he headed up its Pricing and Valuation areas. He began his career at Manulife Financial, and stayed on when it was bought by Canada Life, working as the valuation actuary for the unit-linked subsidiaries.

Hamish graduated from Cambridge University’s Sidney Sussex College, and qualified as an actuary in 1993. He is a Fellow of the Institute of Actuaries (FIA).

Galvin_Cormac
Cormac Galvin
FIA
Vice President
Business Development, UK and Ireland

Global Financial Solutions
 

Cormac Galvin is a Vice President in RGA’s Global Financial Solutions (GFS) Business Development unit. In his role, he leads the UK and Ireland GFS Business Development team.

Prior to joining RGA, Cormac worked in investment banking at the Royal Bank of Scotland, where he focused on structuring and marketing solutions for insurers across Europe and Asia; in private banking at AIAC where he managed the actuarial team; and in insurance at Aviva, where he began his career in 1997. Cormac is a Fellow of the Institute of Actuaries (FIA).

Hardy_Laura
Laura Hardy
FIA
Director
Business Development United Kingdom

Global Financial Solutions
 

Laura Hardy is a Business Development Director for RGA's Global Financial Solutions unit in the United Kingdom, where she is responsible for implementing capital-motivated reinsurance solutions. Working with our clients in the UK and Ireland, she focuses on client relationship management and structuring of longevity, asset intensive and financial reinsurance solutions.

Laura joined RGA in 2012. Prior to joining the company, Laura was a consultant for Willis Towers Watson in the Pensions division, where she advised multinational sponsors and trustees on de-risking strategies including bulk annuity and longevity swap products.

Laura holds a Bachelor of Science (B.Sc.) degree in physics and a Master of Science (M.Sc.) degree in actuarial finance. She is a Fellow of the Institute of Actuaries (FIA).

Lipovics_David
David Lipovics
FIA
Actuary
Business Development 
Global Financial Solutions
 

David is a Business Development Actuary in RGA’s Global Financial Solutions (GFS) unit in the United Kingdom. He is responsible for client relationship management and for the origination, structuring, and execution of GFS’s suite of financial reinsurance solutions.

David joined RGA in 2016. Prior to joining RGA, he was a consultant at PwC’s risk and capital team, where he focused on capital optimization and asset liability management for UK life insurance companies.

David received a Bachelor of Science (B.Sc.) degree in actuarial science from the London School of Economics. He is a Fellow of the Institute of Actuaries (FIA).
Singh_Danielle
Danielle Singh
FIA
Actuary
Business Development 
Global Financial Solutions
 

Danielle Singh is a Business Development Actuary in RGA’s Global Financial Solutions (GFS) unit in the United Kingdom. She is responsible for client relationship management and for the structuring, execution, and maintenance of UK longevity and asset-intensive deals.

Danielle joined RGA in 2013. Prior to her current role, she worked as a Pricing Actuary and was responsible for pricing reinsurance of traditional term and critical illness products in the United Kingdom. 

Prior to joining RGA, Danielle was a Pricing Actuary at Lucida plc, where she priced and executed bulk buy-in/out transactions with UK pension schemes.

Danielle holds a Bachelor of Science (B.Sc.) degree in mathematics from Kings College, University of London, and she is a Fellow of the Institute of Actuaries (FIA)

Dale Rotteveel
Dale Rotteveel
FIA
Vice President, Pricing
Global Financial Solutions
 

Dale Rotteveel is Vice President in RGA’s Global Financial Solutions (GFS) Pricing unit in the United Kingdom. He leads and manages pricing and risk assessment for GFS deals throughout the Europe, Middle East and Africa (EMEA) region.

Dale joined RGA in 2005. He has held a number of roles throughout the organization, including pricing of traditional term and critical illness products in the United Kingdom and as an actuary on the Research and Development team. Starting in 2007, Dale helped develop RGA’s Longevity function and Global Financial Solutions Pricing team throughout the region.

Dale received a Bachelor of Business Science (BBusSci) degree in finance and actuarial science from the University of Cape Town in South Africa. He is a Fellow of the Institute of Actuaries (FIA).
Patrick Cheung
Patrick Cheung
FIA
Senior Pricing Actuary
Global Financial Solutions
 

Patrick Cheung is a Senior Pricing Actuary in RGA’s Global Financial Solutions (GFS) unit. He is responsible for managing the longevity pricing team in the United Kingdom. The team's primary responsibility is to price and execute longevity-based transactions in the Europe, Middle East and Africa (EMEA) region.
                                                
Patrick joined RGA in January 2012.  Prior to this, Patrick worked as a Product Actuary in Sun Life Financial of Canada, focusing on the pricing and product development of payout annuities and variable annuities.   Prior to that, Patrick was a Pensions Actuary, advising clients on a range of pension issues, including statutory valuation, accounting for pension costs, and de-risking initiatives. 

Patrick received a Master of Science (M.S.) degree in financial engineering from Birkbeck, University of London and holds a double undergraduate degree Bachelor of Commerce and Bachelor of Applied Finance from Macquarie University, Sydney.  He is a Fellow of the Institute of Actuaries (FIA).
Sherlee_DS
Sherlee Delos Santos
FSA, FIA
Senior Pricing Actuary
Global Financial Solutions

Sherlee Delos Santos is a Senior Pricing Actuary in the Global Financial Solutions (GFS) unit of RGA and is based in the United Kingdom. She is responsible for pricing reinsurance solutions, with focus on financial reinsurance, asset-intensive solutions and full-risk deals in the UK and Europe.

Sherlee joined RGA in 2012.  Prior to joining RGA, Sherlee was an Actuarial Executive Advisor in the Financial Risk Management department of KPMG, where she was involved in Solvency II model implementation, Prophet modelling and systems migration, Solvency II internal model validation, and MCEV review.

Sherlee received a Master of Science (M.S.) degree in applied mathematics from University of the Philippines. She is a Fellow of the Society of Actuaries (FSA) and a Fellow of the Institute of Actuaries (FIA). 
 
Simpson_Sam
Sam Simpson
FIA
Senior Pricing Actuary
Global Financial Solutions
 

Sam Simpson is a Senior Pricing Actuary for the Global Financial Solutions (GFS) unit and is based in the United Kingdom. He is responsible for the pricing and design of financial reinsurance transactions throughout Europe.

Sam joined RGA in 2013. Prior to this, Sam was a Pricing Actuary at Lucida plc, where he led the pricing of buy-out transactions with UK pension schemes.

Sam received a Master of Chemistry degree from Oxford University and is a Fellow of the Institute of Actuaries (FIA).

Ashmore_Martin
Martin Ashmore
FIA
Vice President
Product Development
UK and Europe
Global Financial Solutions
 

Martin Ashmore is a Vice President of Product Development, UK and Europe, for the Global Financial Solutions (GFS) unit. He is responsible for the development of GFS’s products across the United Kingdom and Europe. In this role, Martin works with pricing, business development and investment management teams to facilitate the design and execution of transactions.

Martin joined RGA in 2013. Prior to joining RGA, Martin was an Associate at Morgan Stanley, working within the Fixed Income Sales and Trading division.

Martin received a degree in mathematics from the University of Cambridge and is a Fellow of the Institute of Actuaries (FIA).