Reinsurance Group Of America Says Axel Andre To Succeed Todd Larson As CFO

RTTNews | hace 479
Reinsurance Group Of America Says Axel Andre To Succeed Todd Larson As CFO

(RTTNews) - Reinsurance Group of America, Inc. (RGA) announced Wednesday that Axel Andre will join the company as Executive Vice President on June 24, 2024. Andre is expected to be named Chief Financial Officer (CFO), following a brief transition period, effective August 5.

Andre will succeed Todd Larson, who served the company for nearly three decades. Larson will transition into the role of Special Advisor to the CEO and will serve in that capacity until his retirement on December 31, 2024.

Andre joins RGA from American Equity Investment Life Insurance Co., where he served as their Executive Vice President and CFO since 2021.

Prior to AEL, he was Executive Vice President and CFO at Jackson National Life Insurance. Before that, Andre spent seven years at American International Group, Inc., most recently serving as the CFO for their Individual Retirement business.

read more
Major European Markets Close Slightly Weak

Major European Markets Close Slightly Weak

The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
RTTNews | hace 1
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices. The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
RTTNews | hace 1
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
RTTNews | hace 1
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
RTTNews | hace 1
Pound Slides As UK Bond Yield Soars

Pound Slides As UK Bond Yield Soars

The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
RTTNews | hace 1