RGA Announces Ruby Re Has Reached $480 Million in Total Funding with the Successful Close of Second Investment Round
Reinsurance Group of America, Incorporated (RGA)
Last reinsurance group of america, incorporated earnings: 1/28 04:15 pm
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Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Ruby Reinsurance Company (Ruby Re), a Missouri-domiciled third-party life reinsurance company, has successfully closed a second round of funding, raising a total of $480 million in capital. The second round includes capital commitments from AllianceBernstein L.P. (AB) (NYSE: AB), EnTrust Global, and Enstar Group, among others, with AB appointing a member to the Ruby Re Board of Directors. Combined with the initial investments from Golub Capital, Hudson Structured Capital Management Ltd. (doing its re/insurance business as HSCM Bermuda), and Sammons Financial Group, Ruby Re's total capital raised of $480 million is near the upper limit of the $400 million-$500 million target range for the vehicle.“Ruby Re’s successful second capital raise, closing at the top of our targeted range, marks a major milestone for this innovative insurance s
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- 10/31/24 - Beat
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- 11/1/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/24/24 - Form 8-K
- RGA's page on the SEC website