RGA names new member of board of directors

RGA names new member of board of directors | Insurance Business Australia

Insurance News

RGA names new member of board of directors

Concurrently, she also serves on a university’s advisory council

Insurance News

By
Kenneth Araullo

Reinsurance Group of America (RGA) has announced the appointment of Alison Rand to its board of directors, effective from April 1, 2024.

Previously, Rand served as the chief financial officer for Primerica, an insurance, investment, and financial services distribution company with over 140,000 independent agents across the US and Canada. Joining Primerica in 1995 and stepping into the executive vice president and CFO role in 2000, Rand was key in leading Primerica’s initial public offering in 2010.

Besides her new role at RGA, Rand is an independent director at Regions Financial Corporation, contributing to the audit and technology committees. A University of Florida alumna, with a BS in accounting and certified public accountant credentials, she actively participates in the university’s National Foundation Board and formerly chaired its audit committee.

Currently, Rand is also the vice chair of the Dean’s advisory council at the University of Florida Warrington College of Business.

RGA’s president and CEO, Tony Cheng, highlighted Rand’s contribution to financial leadership and her role in building investor confidence.

“Throughout Alison’s tenure as an executive leader, she has been a driving force behind achieving financial excellence and fostering investor trust,” Cheng said. “Her expertise as a former chief financial officer, combined with her background in corporate finance and risk management, will be pivotal as we execute on our enterprise strategy and continue our trajectory of growth and success.”

Stephen O’Hearn, RGA’s board chair, also commented on Rand’s appointment, pointing out her broad knowledge base and skills in investor relations, strategic planning, and risk management.

“Alison’s comprehensive knowledge, spanning investor relations, strategic planning, and risk management, complements her proficiency in cultivating organizational resilience and strong board relations,” O’Hearn said. “Her decades of experience in leadership in the North American insurance market will strengthen our Board, and we are thrilled Alison will be joining us.”

Elsewhere, the American reinsurer also recently announced an agreement with Japan Post Insurance Company (Kampo) for approximately JPY700 billion in-force block of individual life annuities.

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