ISTANBUL, TURKEY -- (Marketwired) -- 07/01/13 -- Reinsurance Group of America, Incorporated (NYSE: RGA) is pleased to announce the opening of its newest operation in Istanbul, Turkey, and the hire of Gokhan Ozum as its General Manager.
RGA Global Reinsurance Company Ltd. Turkey Liaison Office, RGA's 26th office worldwide, launched on 20 May 2013 after more than 18 months of planning and groundwork.
"Turkey's economy is one of the fastest-growing in the world, and an exciting place to launch a new office," said Allan O'Bryant, Executive Vice President, Head of International Markets and Operations, RGA. "This new operation represents for RGA a strong continuation of our global strategy of building presences in markets worldwide staffed by highly experienced professionals with deep understanding of and familiarity with the local market."
"I am excited by the opportunities presented by the Turkish market for RGA," said Mr. Ozum. "Turkey is expected to be one of the world's 10 largest economies by 2023, the 100th anniversary of the establishment of the Turkish Republic. We anticipate the life industry here to grow substantially as well."
Mr. Ozum comes to RGA after seven years with Garanti Pension and Life Company, a subsidiary of Garanti Bank, one of the largest banks in Turkey, where he was the Senior Vice President responsible for product development and strategic planning. Prior to then, he spent several years in U.S. life and pension sector companies. His Bachelor of Arts (B.A.) degree in Economics is from Bogazici University, Istanbul, Turkey. He also has a Master of Arts (M.A.) in Economics from the State University of New York's University of Buffalo, and an MBA (Magna Cum Laude) from the F.W. Olin Graduate School of Business at Babson College, in Wellesley, Massachusetts.
The new RGA operation's address is Windowist Tower, Ofis No: 1006, Eski Büyükdere Caddesi No:26, Maslak 34467 Istanbul, Turkey.
Reinsurance Group of America, Incorporated (RGA) is a global leader in life reinsurance and related products and services, offering individual life reinsurance, individual living benefits reinsurance, retakaful, group reinsurance, facultative underwriting, product development, and financial solutions. RGA has subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, South Africa, South Korea, Spain, Taiwan, Turkey, the United Arab Emirates, the United Kingdom, and the United States. Worldwide, RGA has approximately $2.9 trillion of life reinsurance in force and assets of more than $40 billion.
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