** Shares of life and health reinsurer Reinsurance Group of America RGA.N jump 6.3% to $201.29
** RGA strikes $32 billion reinsurance deal with financial services firm Equitable Holdings EQH.N
** Co will reinsure 75% of EQH's in-force life insurance business as part of the deal
** Deal expected to contribute about $70 million of adjusted operating income before tax in 2025 to RGA, and about $200 million per annum over time
** RGA will deploy $1.5 billion of capital into the reinsurance transaction, which is expected to close in mid-2025
** Co anticipates raising capital in connection with the transaction through long-term debt
** Goldman Sachs and Clifford Chance US advised RGA on the transaction
** As of last close, RGA down 11.4% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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