Headquarters: 4333 Edgewood Road NE, Cedar Rapids, IA 52499
Key Officers: Scott Ham, President and Chief Executive Officer; Rob Frederick, Chief Operating Officer — Individual Savings and Retirement Division; Todd Schubert, Senior Vice President
Insurance in force, life insurance division, Transamerica: $1,219 billion as of December 31, 2010
Products and Services:
Transamerica Life offers term life, universal life, survivorship life and whole life insurance products. Their agents, otherwise known as “Tomorrow Makers,” give pointers to clients about how to save money when they start a family or decide to purchase a home. They even give advice for individuals pursuing a higher education.
Some key facts about Transamerica:
Transamerica’s roots began when Amadeo Pietro Giannini (A.P. Giannini), formed the Bank of Italy (now Bank of America) with Orra E. Monette in 1904. In 1906, Giannini helped restore San Francisco after The Great 1906 San Francisco Earthquake and Fire by lending money to people in need.
In 1972, the Transamerica pyramid building was built in the San Francisco financial district and became an architectural landmark for San Francisco.
In 1999, the Netherlands group AEGON acquired Transamerica for $10.8 billion.
In October 2008, Transamerica Occidental Life Insurance Company changed its name to Transamerica Life Insurance Company.
In December 2011, Transamerica was awarded 38 “Best in Class” cups from PLANSPONSOR magazine for quality customer service.
Other notables:
Transamerica sponsors professional golfer Zach Johnson. They also sponsor the “Johnny Unitas Golden Arm Award” which is given annually to collegiate football players on the basis of “character, scholastic achievement, citizenship, leadership qualities and athletic accomplishments.” Stanford University’s Andrew Luck is the current recipient of this award.
Sister companies: Transamerica Financial Life Insurance Company, Transamerica Advisors Life Insurance Company, Transamerica Advisors Life Insurance Company of New York, Monumental Life Insurance Company, Stonebridge Casualty Insurance Company, Stonebridge Life Insurance Company, Western Reserve Life Assurance Co. of Ohio, Transamerica Life Canada, MONGERAL AEGON, Seguros Argos, S.A. de C.V.
Source: http://www.transamerica.com, http://www.talife.com, CNNMoney, http://www.marketwatch.com, www.linkedin.com
Compiled by Consumer Insurance Guide staff
