Reinsurance Group to acquire Aurora National Life Assurance Company Reinsurance Group of America (RGA) announced the execution of agreements under which RGA will acquire all of the stock of Aurora National Life Assurance Company, a wholly owned life insurance subsidiary of Swiss Re (SSREY). Aurora, which is part of Swiss Re's Admin Re business in the U.S., has approximately 82,000 policies in force and statutory policyholder liabilities of $2.7B. The underlying business is comprised of approximately two-thirds annuities, primarily payout annuities, and one-third interest-sensitive life products. Aurora has not written significant new business in over 20 years. The transaction is expected to close in early 2015 subject to customary regulatory approvals.