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  • Transamerica Life Bermuda Recognised at The Benchmark Wealth Management Awards for Second Year Running

Transamerica Life Bermuda Recognised at The Benchmark Wealth Management Awards for Second Year Running

December 19, 2018

Transamerica Life (Bermuda) Ltd. has won the Outstanding Achiever and Best-In-Class at the 9th Benchmark Wealth Management Awards in Hong Kong for the categories of Universal Life Insurance and Risk and Compliance respectively.

Transamerica Life (Bermuda) Ltd. (Transamerica Life Bermuda) is a leading HNW life insurance company dedicated to serving only HNW individuals (HNWIs). Its Universal Life Alpha product, specifically designed to meet the distinct needs of the new HNW generation, was awarded Outstanding Achiever - Universal Life Insurance. The product offers competitive pricing, high flexibility and long term cash value growth potential which are attributes valued by the new HNW generation when considering universal life policies for estate and business succession planning.

In the Risk & Compliance category, Transamerica Life Bermuda was awarded Best-In-Class and recognised for its strong commitment to financial strength, risk control and corporate governance. The company adopts a "Three Lines of Defence" structure to promote a professional risk culture where risk management is embedded within the business processes and decisions.

Mike Goodall, Chief Commercial Officer of Transamerica Life Bermuda, speaking at the award ceremony in Hong Kong commented, "Transamerica Life Bermuda operates in the HNW market and helps our customers to achieve a lifetime of financial security and the peace of mind that comes with knowing their wealth is protected for generations to come. It is essential in building the confidence of our very exclusive customers, our business partners and shareholders as they recognise that Transamerica Life Bermuda is a company which conducts business with integrity, consistency and competence at all levels."

He continued, "We are very excited to win the BENCHMARK Wealth Management Awards for the last two consecutive years as it is a recognition of our dedication to offer the best insurance solutions to serve the HNWIs. We will continue to deliver products that meet their changing demands, while delivering exceptional service and powerful solutions that protect and perform at the highest possible level."

Photo: Mike Goodall, Chief Commercial Officer of Transamerica Life Bermuda, celebrates Outstanding Achiever and Best-In-Class awards with the team at the 9th Benchmark Wealth Management Awards.