A leader in the market for more than 30 years, RGA's Global Financial Solutions (GFS) North America team provides custom capital-motivated, asset-intensive, longevity reinsurance, and stable value solutions. Clients can count on our collaborative approach, our ability to deliver on our promises and our track record of executing groundbreaking financial reinsurance transactions.
GFS North America has been a leader in the financial reinsurance market for more than 30 years, providing capital-motivated reinsurance solutions to clients across the globe. Our highly experienced and creative group has completed many groundbreaking financial reinsurance transactions over the years, including what is believed to be the first XXX reserve financing structure in 2000.
The GFS North America team has two decades of experience in the annuity reinsurance and stable value market, with an average fund value of over $22 billion. Clients choose RGA on the strength of our counterparty presence, our long-term dedication to the market, our absence from the primary market as a direct writer, and our expertise.
RGA also has executed numerous longevity transactions in the United Kingdom, the Netherlands, and Canada, and we continue to explore opportunities to apply our insights from these transactions to the U.S. market.
In addition, our Stable Value team focuses on underwriting and funding synthetic GIC contracts for stable value fund options in U.S. savings plans such as 401(k) plans. As a trusted presence in this industry, we support clients who advocate saving solutions, working closely with them from initial discussions to successful wrap contract execution.
Meet Our North America Team
Richard has 27 years of experience in the insurance industry spanning the life, P&C, financial guarantee, brokerage and risk advisory sectors. Throughout his career, Richard has led deal teams analyzing and deploying capital across a broad range of insurance portfolios. Previously Richard was the Managing Director, Structured Insurance at Ambac Assurance in New York City, where he underwrote financial guarantees for some of the most innovative life insurance linked securitizations. He also led a multi-faceted rehabilitation of a complex multi-billion financing vehicle severely impacted by the global financial crisis.
While at Manulife Financial he served as a vice president in their corporate M&A group where he evaluated a wide range of insurance, distribution and wealth management platforms in North America and Asia. Richard was previously a vice president in Manulife’s reinsurance division where his team delivered capital motivated reinsurance solutions to life reinsurers across Europe and North America. He has also served as a special risks P&C broker at Sedgwick, where he specialized in helping multinational corporations finance uninsurable risks through the use of captives and a variety of alternative risk transfer techniques.
Richard is a Certified Public Accountant (Illinois), and a Chartered Professional Accountant (Ontario) and started his career with KPMG in Toronto, Canada.