UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

CUSIP No. 759351505

1.

Names of Reporting Persons
Capital Ventures International

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization
Cayman Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

6.

Shared Voting Power **
2,757,872  Shares of Class B Common Stock

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power **
2,757,872  Shares of Class B Common Stock

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,757,872  Shares of Class B Common Stock

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
9.4%

12.

Type of Reporting Person (See Instructions)
CO

CUSIP No. 759351505

1.

Names of Reporting Persons
Susquehanna Advisors Group, Inc.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

6.

Shared Voting Power **
2,757,872  Shares of Class B Common Stock

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power **
2,757,872  Shares of Class B Common Stock

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,757,872  Shares of Class B Common Stock

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
9.4%

12.

Type of Reporting Person (See Instructions)
CO

CUSIP No. 759351505

Item 1.

(a)

Name of Issuer
Reinsurance Group of America, Incorporated (the “Company”).

(b)

Address of Issuer’s Principal Executive Offices
1370 Timberlake Manor Parkway
Chesterfield, Missouri 63017

Item 2.

(a)

Name of Person Filing
This statement is filed by the entities listed below, who are collectively referred to herein as “Reporting Persons,” with respect to the shares of Class B Common Stock of the Company, $.01 par value per share (the “Shares”).

(i)  Capital Ventures International

(ii) Susquehanna Advisors Group, Inc.

(b)

Address of Principal Business Office or, if none, Residence
The address of the principal business office of Capital Ventures International is:

One Capitol Place

P.O. Box 1787 GT

Grand Cayman, Cayman Islands

British West Indies

The address of the principal business office of Susquehanna Advisors Group, Inc. is:

401 City Avenue, Suite 220

Bala Cynwyd, PA 19004

(c)

Citizenship
Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.

(d)

Title of Class of Securities
Class B Common Stock, $.01 par value per share

(e)

CUSIP Number
759351505

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

CUSIP No. 759351505

Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

The information required by Items 4(a) – (c) is set forth in Rows 5 – 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. The Company’s Form 10-Q for the Quarterly Period Ended July 31, 2008, filed on August 1, 2008, indicates that there were 62,323,070 shares of Common Stock outstanding as of July 31, 2008.  Pursuant to the Company’s Registration Statement on Form S-4, filed on August 6, 2008, in connection with the Company’s recapitalization of its Common Stock, the Company indicated there are 29,243,539 shares of Class B Common Stock outstanding.

Susquehanna Advisors Group, Inc., which serves as the investment manager to Capital Ventures International, may be deemed to be the beneficial owner of all Shares owned by Capital Ventures International. Each Reporting Person hereby disclaims any beneficial ownership of any such Shares, except to the extent of any pecuniary interest therein.

(a)

Amount beneficially owned:   

(b)

Percent of class:   

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote   

(ii)

Shared power to vote or to direct the vote    

(iii)

Sole power to dispose or to direct the disposition of   

(iv)

Shared power to dispose or to direct the disposition of   

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not applicable.

Item 8.

Identification and Classification of Members of the Group

Not Applicable

Item 9.

Notice of Dissolution of Group

Not Applicable

CUSIP No. 759351505

Item 10.

Certification

By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CAPITAL VENTURES INTERNATIONAL

SUSQUEHANNA ADVISORS GROUP,
INC.

By: Susquehanna Advisors Group, Inc.

By:

/s/ Todd Silverberg

pursuant to a Limited Power of Attorney

Name:

Todd Silverberg

Title

Assistant Secretary

By:

/s/ Todd Silverberg

Name:

Todd Silverberg

Title

Assistant Secretary

ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

CUSIP No. 759351505

CAPITAL VENTURES INTERNATIONAL

SUSQUEHANNA ADVISORS GROUP, INC.

By: Susquehanna Advisors Group, Inc.

By:

/s/ Todd Silverberg

pursuant to a Limited Power of Attorney

Name:

Todd Silverberg

Title

Assistant Secretary

By:

/s/ Todd Silverberg

Name:

Todd Silverberg

Title

Assistant Secretary

CUSIP No. 759351505

THE COMMON SEAL OF

CAPITAL VENTURES INTERNATIONAL

/s/ Ian A.N. Wight

was hereunto affixed in the presence of:

Ian A.N. Wight

(Director)

 /s/ Illegible

 Witness

/s/ Woodburne Associates

For: Woodburne Associates

(Cayman) Limited

Secretary