Reinsurance Group of America (RGA) has promoted Senan O’Loughlin (pictured) to executive vice president and head of the Americas, effective June 22. It is the second internal promotion at the company this month, after Laura Cockrill was named chief financial officer earlier in June.
O’Loughlin joined RGA in 2021 and most recently served as head of US Individual Life. He will now oversee strategy, operations, capital deployment, client partnerships, and product development across the Americas.
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He will report to Ron Herrmann, chief commercial officer and executive vice president for Americas and EMEA and will join the RGA executive committee.
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O’Loughlin brings more than 30 years of experience across the global insurance and reinsurance industries. He held senior roles at Swiss Re and AIG-AIA before joining RGA.
He is a Fellow of the Institute of Actuaries in the UK and the Society of Actuaries in Ireland. He holds an MBA from the Michael Smurfit Graduate Business School at University College Dublin.
Herrmann acknowledged O’Loughlin’s contributions to the US Individual Life business and said his background would serve the region going forward. “Since joining RGA, he has played an important role in advancing our U.S. Individual Markets business and strengthening our client relationships,” Herrmann said.
The Americas is RGA’s largest operating region. Mortality assumptions, reserve requirements, and capital regulations are shifting across North America and Latin America. Actuarial grounding at the senior level carries practical weight for treaty counterparties in that environment.
In July 2025, RGA completed what it described as its largest-ever transaction: a $32 billion reinsurance deal with Equitable Holdings. O’Loughlin’s role heading US Individual Life gave him direct exposure to that segment as the deal closed and its obligations took effect.
The results from that period show the scale of what O’Loughlin now oversees. RGA posted a 65% surge in full-year net income to $1.18 billion in 2025, with adjusted operating income of $1.52 billion. Deployable capital stood at $3.4 billion at year-end.
Growth continued in 2026. Total assets grew nearly 28% to $164.06 billion in Q1 2026, with book value per share rising to $202.93. In-force block transactions and continued returns from the Equitable deal drove the gains.
The appointment signals continuity at a major life and health reinsurer. RGA operates across more than 25 countries with $4.3 trillion of life reinsurance in force.
The operating environment, however, is not without pressure. AM Best flagged declining capital quality across the US life sector, driven by soft capital and offshore reinsurance arrangements.
The ratio of ceded reserves to industry surplus ended 2024 at 328%, up from nearly 200% a decade ago. Those shifts make technical depth at the regional leadership level more consequential for cedants with long-term treaty exposure.
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