Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LAY JACK B
   2. Issuer Name and Ticker or Trading Symbol
REINSURANCE GROUP OF AMERICA INC [RGA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior EVP & CFO
(Last)
(First)
(Middle)
1370 TIMBERLAKE MANOR PARKWAY		 3. Date of Earliest Transaction (Month/Day/Year)
09/12/2008
(Street)

CHESTERFIELD, MO 63017		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/12/2008   J(1) V 35,998 D (1) 0 D  
Class A Common Stock 09/12/2008   J(1) V 35,998 A (1) 35,998 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to purchase) $ 36 09/12/2008   J(1) V   6,548   (2) 01/01/2009 Common Stock 6,548 (1) 0 D  
Stock Option (right to purchase) $ 36 09/12/2008   J(1) V 6,548     (2) 01/01/2009 Class A Common Stock 6,548 (1) 6,548 D  
Stock Option (right to purchase) $ 27.29 09/12/2008   J(1) V   27,025   (3) 01/29/2013 Common Stock 27,025 (1) 0 D  
Stock Option (right to purchase) $ 27.29 09/12/2008   J(1) V 27,025     (3) 01/29/2013 Class A Common Stock 27,025 (1) 27,025 D  
Stock Option (right to purchase) $ 39.61 09/12/2008   J(1) V   12,150   (4) 01/28/2014 Common Stock 12,150 (1) 0 D  
Stock Option (right to purchase) $ 39.61 09/12/2008   J(1) V 12,150     (4) 01/28/2014 Class A Common Stock 12,150 (1) 12,150 D  
Stock Option (right to purchase) $ 47.47 09/12/2008   J(1) V   10,533   (5) 01/27/2015 Common Stock 10,533 (1) 0 D  
Stock Option (right to purchase) $ 47.47 09/12/2008   J(1) V 10,533     (5) 01/27/2015 Class A Common Stock 10,533 (1) 10,533 D  
Stock Option (right to purchase) $ 47.48 09/12/2008   J(1) V   11,321   (6) 02/21/2016 Common Stock 11,321 (1) 0 D  
Stock Option (right to purchase) $ 47.48 09/12/2008   J(1) V 11,321     (6) 02/21/2016 Class A Common Stock 11,321 (1) 11,321 D  
Stock Option (right to purchase) $ 59.63 09/12/2008   J(1) V   11,119   (7) 02/20/2017 Common Stock 11,119 (1) 0 D  
Stock Option (right to purchase) $ 59.63 09/12/2008   J(1) V 11,119     (7) 02/20/2017 Class A Common Stock 11,119 (1) 11,119 D  
Stock Option (right to purchase) $ 56.03 09/12/2008   J(1) V   15,022   (8) 02/20/2018 Common Stock 15,022 (1) 0 D  
Stock Option (right to purchase) $ 56.03 09/12/2008   J(1) V 15,022     (8) 02/20/2018 Class A Common Stock 15,022 (1) 15,022 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LAY JACK B
1370 TIMBERLAKE MANOR PARKWAY
CHESTERFIELD, MO 63017		       Senior EVP & CFO  

Signatures

 /s/ William Hutton by power of attorney   09/30/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Pursuant to a reclassification exempt under Rule 16b-7 (also under Rule 16b-3(d) and (e)), each share of Common Stock was reclassified into one share of Class A Common Stock.
(2) The options were granted on January 1, 1999 and vest in 20% increments on each of January 1, 2000, 2001, 2002, 2003 and 2004.
(3) The options were granted on January 29, 2003 and vest in 20% increments on each of January 1, 2004, 2005, 2006, 2007 and 2008.
(4) The options were granted on January 28, 2004 and vest in 25% increments on each of December 31, 2005, 2006, 2007 and 2008.
(5) The options were granted on January 27, 2005 and vest in 25% increments on each of December 31, 2006, 2007, 2008 and 2009.
(6) The options were granted on February 21, 2006 and vest in 25% increments on each of December 31, 2007, 2008, 2009 and 2010.
(7) The options were granted on February 20, 2007 and vest in 25% increments on each of December 31, 2008, 2009, 2010 and 2011.
(8) The options were granted on February 20, 2008 and vest in 25% increments on each of December 31, 2009, 2010, 2011 and 2012.

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