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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1. Name and Address of Reporting Person * SCHUSTER PAUL A   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 Exec. VP (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 28,049 D (1) 0 D   Class A Common Stock 09/12/2008   J(1) V 28,049 A (1) 28,049 D

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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)	$ 31.91	09/12/2008		J(1)	V		20,762	(2)	01/01/2012	Common Stock	20,762	(1)	0	D
Stock Option (right to purchase)	$ 31.91	09/12/2008		J(1)	V	20,762		(2)	01/01/2012	Class A Common Stock	20,762	(1)	20,762	D
Stock Option (right to purchase)	$ 27.29	09/12/2008		J(1)	V		25,192	(3)	01/29/2013	Common Stock	25,192	(1)	0	D
Stock Option (right to purchase)	$ 27.29	09/12/2008		J(1)	V	25,192		(3)	01/29/2013	Class A Common Stock	25,192	(1)	25,192	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
SCHUSTER PAUL A 1370 TIMBERLAKE MANOR PARKWAY CHESTERFIELD, MO 63017			Senior Exec. VP

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, 2002 and vest in 20% increments on each of January 1, 2003, 2004, 2005, 2006 and 2007.
(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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