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Moody’s reviewing RGA rating

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Moody's Investors Service has placed Reinsurance Group of America’s (RGA) credit ratings (senior debt of Baa1), and its subsidiary, RGA Reinsurance Company's A1 insurance financial strength rating, on review with direction uncertain following MetLife's announcement on January 31, 2005 that it could sell its 52% ownership stake in RGA to provide a portion of the cash financing for its planned acquisition of Travelers Insurance Company and certain other related companies.

The rating agency said that the review would address MetLife's ultimate decision regarding ownership of its stake in RGA. Moody's added that the impact that any new ownership could have on RGA's

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