CHESTERFIELD, Mo. — Reinsurance Group of America, Inc. broke ground on their new 405,000 square-foot headquarter building Monday afternoon during a ceremony at which Gov. Jay Nixon, St. Louis County Executive Charlie Dooley and company officials touted the global company’s expansion and accomplishments.
RGA’s services include reinsurance on life, business, and health insurance, as well as working with risk management and product development, among other things.
Chief Executive Officer Greig Woodring said while RGA currently employs 750 people in the St. Louis area, they anticipate adding 300 more jobs during the “next several years.” Officials during the ceremony said the total investment is about $140 million.
“This is a world leader,” Nixon told the Missouri Times after the ceremony. “When you get a world leader like RGA, which has grown up here in the Show Me State, that could literally put this building and this headquarters anywhere in the world and in a very competitive atmosphere they choose Missouri, and make a $140 million investment that would add hundreds of jobs to this world leader, it’s a solid sign why Missouri is a great place to do business.”
Jack Lay, RGA’s Chief Financial Officer, said the company made the decision to expand after determining they were going to outgrow their current space, which also is in Chesterfield, Mo.
“Chesterfield is the center of trade for our operation,” he added. “That’s saying something.”
Officials said they hope the building, located at 16600 Swingley Road, will be completed by September 2014.
To contact Ashley Jost, email ashley@themissouritimes.com, or via Twitter at @ajost.
Ashley Jost is no longer with The Missouri Times. She worked as the executive editor for several months, and a reporter before that.
