Louis, Missouri."
RGA is the second-largest life reinsurer in North America and a
leader worldwide, providing clients with life reinsurance, risk
management, facultative underwriting, product development,
distribution, and financial reinsurance services. RGA was named 2004
Life Reinsurance Company of the Year by the trade publication The
Review--Worldwide Reinsurance .

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0 billion. The dividend is
payable on September 9, 2005 to shareholders of record as of the close of
business on September 1, 2005. "Today's Board action
demonstrates our confidence in the performance of our Company. Crane has
approximately 10,500 employees in North America, South America, Europe , Asia
and Australia.

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"RGA views Korea as one of the world's most important emerging
markets . In addition to its U.

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, Crane Co. since 1998," said Eric
Fast, president and chief executive officer . is traded on the New York Stock Exchange (NYSE: CR).

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10 per share.

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Our Korean branch office will strengthen RGA's presence as a
leader in this country," said Brendan Galligan , Senior Vice President,
Asia Pacific from RGA's world headquarters in St. "Our branch
license will allow us to strengthen relationships and more readily
provide clients with RGA's expert facultative and automatic life
reinsurance services and other innovative reinsurance solutions.
"This is the first dividend increase for Crane Co.

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LOUIS----Reinsurance Group of
America, Incorporated (NYSE: RGA) announced today that it has received
branch license approval from South Korea's Financial Service
Committee.

About RGA

Reinsurance Group of America, Incorporated, through its various
operating subsidiaries, is among the largest global providers of life
reinsurance.5 trillion of
life reinsurance in force, and assets of $14."

Crane Co. is a diversified manufacturer of engineered industrial products.

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Korea is the seventh-largest life insurance market in the world
and the second-largest in Asia., a
diversified manufacturer of industrial engineered products , is pleased to
announce its Board of Directors today declared a 25% increase in its regular
quarterly dividend, to $.

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Founded in 1855, Crane provides products and solutions to customers in the
aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power
generation , automated merchandising, transportation and other markets.

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The indicated annual dividend will now be $.com.

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The RGA Reinsurance Company Korea Branch Office will
commence full operation on April 1 , 2005. and Canadian operations,
Reinsurance Group of America, Incorporated has subsidiary companies or
offices in Australia, Barbados, Hong Kong, India, Ireland, Japan,
Mexico, South Africa, South Korea, Spain, Taiwan and the United
Kingdom. Crane Co.craneco.

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Reinsurance Group of America Incorporated to Open Korea Branch Office

Worldwide, the company has approximately $1. STAMFORD, Conn.

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For more information, visit http://www.

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"We have built a solid infrastructure and a talented team of
professionals in Korea, where we bring an effective and valuable blend
of local and North American expertise to the market," said Daniel
Cossette, CEO, RGA Reinsurance Company Korea Branch.S.

Crane Co. Announces 25% Dividend Increase

125 per share from $.

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50
per share. The
Company has five business segments: Aerospace + Electronics, Fluid Handling,
Engineered Materials, Merchandising Systems and Controls.

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Business Editors

ST.

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