Reinsurance Group of America and French rival Scor are competing to acquire Generali USA in a deal worth up to $1 billion, five sources with knowledge of the matter said on Thursday. Generali has selected the two bidders among a large number for its U.S life reinsurance unit and is hoping to close a deal in May, said the sources who asked not to be named because the talks are private.
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. Shares of RGA remained unchanged at $59.66. In the past year, the shares have traded as low as $48.36 and as high as $61.86. On average, 461805 shares of RGA exchange hands on a given day and today's volume is recorded at 0.
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