ARLINGTON, VA, June 16, 2021 - The Willis Re Life Solutions Group announced the completion of an annuity reinsurance transaction between Modern Woodmen of America and RGA Reinsurance Company. Modern Woodmen is a fraternal financial services organization, and RGA is a wholly owned subsidiary of Reinsurance Group of America, Incorporated, a leading global life, annuity and health reinsurer. Under the agreement, RGA has reinsured a seasoned block of U.S. annuity business, while Modern Woodmen will continue to service and administer the contracts.

The Life Solutions Group served as Modern Woodmen's advisor and broker for the transaction. The mutually beneficial reinsurance partnership has met Modern Woodmen's capital and risk management objectives while also contributing to RGA's continued growth in asset-intensive business.

'Our purpose as a reinsurance advisor is to craft solutions that meet our clients' objectives while also ensuring the counterparty provides the right balance of financial strength, supportive partnership and attractive deal terms,' said Mike Kaster, lead broker for this transaction and executive vice president of the Life Solutions Group. 'We are happy to say this transaction succeeded on all fronts.'

The transaction closed June 3, 2021, with an effective date of April 1, 2021; additional terms are not being disclosed.

About the willis re life solutions group

The Willis Re Life Solutions Group is a risk and reinsurance advisory team, specialized in asset-intensive liabilities and focused on assisting clients with life, annuity and long-term care reinsurance transactions. Learn more about the team by visiting the LSG webpage.

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas - the dynamic formula that drives business performance. Together, we unlock potential.

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Willis Towers Watson plc published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 16:21:03 UTC.