HONG KONG, July 17, 2019 /PRNewswire/ -- Transamerica Life (Bermuda) Ltd. (Transamerica Life Bermuda) once again received industry recognition for its world-class service and innovative products by winning the International Life Insurer of the Year award at the 2019 Asian Banking & Finance, Insurance Asia Awards.
This is the fourth year in a row that Transamerica Life Bermuda has won this prestigious distinction. With its singular focus on serving High Net Worth (HNW) and Ultra High Net Worth customers, Transamerica Life Bermuda has accumulated over the years, a great deal of insights into the needs and desires of these customers and has used those insights to develop innovative, tailored products and initiatives to meet them. The company was recognised for its continued efforts to strengthen its product suite, including its Universal Life Alpha and Universal Life Plus products, with new initiatives that tap into the growing demand for life insurance policies that HNW clients are utilising to maximise wealth protection and strengthen their legacy planning.
In addition, Transamerica Life Bermuda is continuing the geographic expansion of its distribution network into new offshore markets as highlighted by its recent expansion into Florida via its Bermuda office, which gives it the ability to service Latin American HNW international customers. These developments reinforce its solid ambition to be the leading HNW life insurance player in Asia and beyond. Transamerica Life Bermuda will continue its strong focus on the HNW segment to develop even more in-depth knowledge of affluent customers, and to enhance the education support for its partners and distributors.
"We are very proud to be able to win this category in the Insurance Asia Awards for the last four consecutive years. Our drive to really understand the unique challenges that our HNW customers face and provide them with tailored, innovative financial solutions is part of our purpose of helping customers achieve a lifetime of financial security and peace of mind. We remain committed to providing premium service and finding ways to add more value to our customers and business partners," said Marc Lieberman, President and Chief Executive Officer of Transamerica Life Bermuda.
About Transamerica Life Bermuda: Transamerica Life Bermuda is a leading High Net Worth life insurance provider, dedicated to offering life protection to High Net Worth individuals, families and businesses across Asia and beyond. Transamerica has been in Asia for over 80 years and has been the pioneer in managing universal life portfolios since 1981. Transamerica Life Bermuda was awarded Outstanding Achiever -- Universal Life Insurance (All Currencies) by BENCHMARK Wealth Management Awards 2018. Transamerica Life Bermuda is part of the Aegon Group, a leading, international financial services group providing life insurance, pensions and asset management based in The Hague, Netherlands. Further information about Transamerica Life Bermuda is available here: www.transamericalifebermuda.com.
About Asian Banking & Finance, Insurance Asia Awards: Asian Banking & Finance is one of the key business magazines of Charlton Media Group, a leading business information group with offices in Hong Kong, Singapore and the Philippines. The Insurance Asia Awards aims to honour the companies that rise above the challenges and to recognise their initiatives that make the most of the lucrative opportunities in the market. Further information about Asian Banking & Finance, Insurance Asia Awards is available here: https://insuranceasia.com/event/insurance-asia-awards-2019.
