Reinsurance Group of America (RGA) has opened its first office in New York City, marking a new phase in the company’s expansion strategy. The new location is situated in Park Avenue Tower in Midtown Manhattan.
RGA said that the property was selected as part of its broader real estate investment strategy. The company also noted that the Midtown address is intended to support a people-first workplace experience while aligning with its long-term business objectives.
Brian Butchko, senior vice president and head of global portfolio management at RGA, said the move represents “an important milestone that demonstrates our commitment to strategic growth and partnership, as well as our confidence in further opportunities in the New York market.”
Butchko said that the new office strengthens RGA’s presence in a major financial center, bringing the company closer to investors and industry partners.
The New York office opening comes as RGA continues to expand its business through significant transactions and leadership changes in 2025. Earlier this year, RGA entered into a major agreement with Equitable Holdings to reinsure US$32 billion of life insurance liabilities, including US$18 billion in general account reserves and US$14 billion in separate account reserves.
The company expects to deploy US$1.5 billion in capital at closing, with the deal projected to generate approximately US$70 million in adjusted operating income before taxes in 2025 and contribute further to earnings in subsequent years.
In addition to its US expansion, RGA has made key leadership appointments internationally. In March, the company promoted Alissa Holz to chief executive officer of RGA Australia and New Zealand, effective April 1. Holz will oversee operations in the region and join the RGA Australia board, while her predecessor, Mark Stewart, has transitioned to a broader Asia Pacific leadership role, focusing on regional underwriting, medical, and claims, as well as pricing and risk management.
RGA has also taken steps to diversify its investment portfolio. Earlier this year, the company made a strategic investment in PACT Capital LLC, an independent investment firm that provides capital and support to middle-market alternative asset managers. This partnership is intended to enhance RGA’s investment capabilities and increase its exposure to specialized asset classes.
