The following is an adapted from a news release issued January 4, 2023, by Chesterfield, Missouri-based Reinsurance Group of America.
Tony Cheng, PMBA 2002, has been appointed president at RGA effective January 4, 2023, succeeding Anna Manning, who remains CEO.
Consistent with her long-held plans, Manning will retire as CEO on December 31, 2023. The board plans to appoint Cheng as CEO effective January 1, 2024. The RGA board appointed him to the board of directors effective immediately.
Reinsurance Group of America specializes in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. RGA celebrates its 50th anniversary this year.
Board chair Stephen O’Hearn expressed his gratitude for Manning’s leadership over the past six years—particularly through the challenges of the pandemic. He said the board was confident Cheng was “the right person to lead RGA into the future.”
“It was important to the board that we identify someone who combines vision with experience, capable of leading RGA in delivering on our financial targets and fulfilling our purpose,” O’Hearn said in the company’s statement. “Tony has clearly demonstrated these qualities, as well as a passion for RGA that gives us confidence that he will continue RGA’s rich legacy.”
Cheng was previously executive vice president, head of Europe, Middle East, and Africa, Asia, and Australia. Prior to this role, he spent seven years as executive vice president, head of Asia following his success as the senior vice president, Asia region, and CEO of RGA’s Hong Kong branch. Under Cheng’s leadership, the Asia region has experienced exceptional growth in both premiums and profits. He will continue to provide executive leadership to Europe, Middle East, and Africa, Asia, and Australia while assuming his new responsibilities as president, and plans to relocate to St. Louis.
“Tony’s tireless contributions over the years, combined with his strong leadership, his relentless client focus, and his innovative capabilities, make him uniquely situated to lead the company into the next phase of its strategy,” Manning said in the statement. “I am highly confident in the future of RGA under Tony’s leadership.”
Prior to Manning, another WashU Olin alum, Greig Woodring, served as RGA’s CEO. Woodring earned his MBA in 1989 and was honored as a distinguished alum in 2002.
For his part, Cheng said in the statement that he was humbled to follow in Manning’s and Woodring’s footsteps at the company where he has dedicated his career.
“I am fully committed to continuing the legacy built by Anna and Greig, and with the help of the tremendously talented people at RGA, I know we can build on the special culture and growth engine that has been created,” he said.