RGA South Africa is pleased to announce that Conrad Backeberg has been appointed to the position of Managing Director, effective 1 March 2006.
Backeberg joins RGA from Medscheme, where he was Managing Director of MS Life, a direct life insurance operation he played a lead role in establishing five years ago. In June 2003, Backeberg was also appointed Managing Director of MS Financial Services, responsible for all diversified financial services businesses within Medscheme Limited.
From 1995 to 2000, Backeberg was Deputy Managing Director of GenRes sub-Saharan Africa life and health reinsurance business, responsible for the overall strategic and operational development of the business in Africa.
Conrads strong insurance background will add a great deal of vision and depth to RGA South Africa. He has a sound understanding of the industry and its key issues, stated Desmond Smith, the first Managing Director of RGAs South African operation. Smith will now assume the position of Chairman of RGA South Africa.
RGA South Africa, which operates out of offices in Johannesburg and Cape Town, provides clients with life reinsurance, risk management, facultative underwriting, and product development and distribution services. RGA South Africa is a wholly owned indirect subsidiary of Reinsurance Group of America, Incorporated.
About Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated (RGA) is the third-largest life reinsurer in the world with approximately US$1.7 trillion (R10.4 trillion) of life reinsurance in force and assets of approximately US$16.2 billion (R99.8 billion) as of December 31, 2005. RGA world headquarters are based in St. Louis, Missouri, USA with additional offices in 15 countries.
For two consecutive years, 2004 and 2005, RGA has been named Life Reinsurance Company of the Year by The Review - Worldwide Reinsurance. RGA was also voted "Best Overall Life Reinsurer" by North American ceding companies in the 2005 Flasphler Cedant Survey (Life North America).