- Larson will oversee finance, treasury and capital management
- Lay worked with RGA for 25 years and took it public in 1993
Reinsurance Group of America Inc. said Todd Larson will become chief financial officer, succeeding Jack Lay, who will retire at the end of the year.
Larson, 52, is currently executive vice president and chief risk officer, Chesterfield, Missouri-based RGA said Monday in a statement. He will begin the new role on May 1 and Lay will help with the transition, RGA said.
Chief Executive Officer Greig Woodring has expanded RGA by taking over life-insurance assets from companies such as Voya Financial Inc. and XL Group Plc. Lay had helped him build the company’s new headquarters three years ago in Missouri, and assisted in taking the company public in 1993. Larson joined in 1995 and will now oversee financial, treasury and capital management functions, according to the statement.
“Jack’s decision to retire in his 25th year with the company was reinforced by RGA’s strong financial condition and excellent strategic position at this time, and by his full confidence in Todd’s capabilities to assume this important role,” Woodring said in the statement.