Protecting customers in more than 60 nations through our nearly 180-year heritage with Aegon and Transamerica
Our Transamerica story started in the US over 120 years ago
The origin of Transamerica Life Bermuda traces back to 1904 when a young entrepreneur, A.P. Giannini, established a community bank in San Francisco in the United States (US) to serve small businesses and farmers. In 1928 the bank became Transamerica Corporation and was further renamed as Transamerica Occidental Life Insurance Company (Transamerica OLIC) in 1930 after acquiring Occidental Life Insurance.
We set foot in Asia over 90 years ago
Three years later in 1933, Transamerica OLIC opened its first Asia sales office in China’s bustling city of Shanghai. With the outbreak of World War II, Transamerica OLIC was forced to temporarily close its China offices in 1941, which were re-established in 1947 and started to conduct businesses in Hong Kong, serving customers also in Asia since then.
Becoming part of Aegon to accelerate growth
After decades of expansion, in 1999 Transamerica OLIC became part of Aegon, an international financial services holding company with a portfolio of market-leading businesses offering investment, protection, and retirement solutions. Transamerica OLIC was renamed as Transamerica Life Insurance Company (Transamerica), and continued to grow and expand amid market diversification leveraging the strong foundation and expertise of Aegon.
Transamerica Life Bermuda emerges as the HNW life insurance specialist
As wealth needs changed globally, Transamerica recognised the need for HNW financial solutions. In 2005, a new business arm specialised in HNW life insurance solutions - Transamerica Life (Bermuda) Ltd. (Transamerica Life Bermuda) - was incorporated in Bermuda. This was followed by a full rebrand of the Hong Kong office and the opening of a new service branch in Singapore in 2006. Through a three-hub approach and an extensive network of distribution partners, Transamerica Life Bermuda now focuses on serving the wealth management, legacy and business planning needs of HNW individuals and families worldwide.
Proud of our past, we think for tomorrow. From the timeline below you will see the key moments of our journey of pioneering new and innovative ways of helping our customers grow while protecting and passing on their legacies into the future.
