Transamerica Life Bermuda, the global high-net-worth (HNW) life insurer, has been granted a license by the Dubai Financial Services Authority (DFSA) to establish a presence in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA).
We had an engaging week connecting with partners during our recent meetups in Dubai International Financial Centre (DIFC).
Our Chief Commercial Officer, Jeremy Young, together with Adnan Ladki, Head of DIFC, and Simon Pepper, Chief Underwriter, shared exciting updates about our brand and strategic focuses as well as insights into the high-net-worth (HNW) life insurance market.
Transamerica Life Bermuda has launched its enhanced indexed universal life (IUL) insurance plans, Genesis III IUL (Singapore version) and Genesis+ IUL 2 (Bermuda version), with new features to elevate support and flexibility for high-net-worth (HNW) individuals and families on wealth accumulation and legacy planning.
New features include:
Transamerica Life Bermuda (TLB) is pleased to announce the appointment of Kristine Ung as Chief Executive Officer (CEO) per May 1, 2025, subject to regulatory approval.
Kristine Ung brings extensive experience from the high-net-worth (HNW) space, she also held senior roles at AIG, AIA, Chubb, and most recently serving as Managing Partner at Kismet Solutions. Kristine is not new to Aegon as a company, she worked for Transamerica (US) early in her career, was part of the team that obtained TLB’s license, and supported the recruitment of the Singapore management team of TLB.
We proudly announce the launch of our refreshed brand, featuring a new logo and refined look and feel. This launch solidifies our company’s ambition for growth as an established and evolving business of Aegon Group, an international financial services holding company, with its united purpose of helping people live their best lives.
Focused on providing guaranteed life protection benefits for a chosen duration to give customers the financial support they need to navigate unpredictable occasions. Term life insurance premiums are relatively lower than insurance that offers both life protection and savings coverage, providing a cost effective way to gain or strengthen life protection.
A type of whole life insurance that consists of two components: life protection and savings. It provides the flexibility for policyholders to adjust their premium payments and withdraw money from their in-force insurance policies to meet changing financial needs.
A variation of UL insurance. In addition to the life protection benefit and flexibility of UL insurance, an indexed UL plan brings wealth growth potential by tracking the performance of specific indices. A comprehensive indexed UL life insurance plan provides a diverse suite of index tracking options as well as downside protection to guard against market volatility.
As a type of indexed UL insurance, it primarily focuses on savings and long-term wealth growth by providing returns through tracking the performance of certain indices while also providing downside protection. Its savings focus also comes with a lower proportion of life protection benefit, with an easy application and no health requirements.
Transamerica Life Bermuda today announced the launch of Prospera™ FlexiGrowth Indexed Savings (“Prospera FlexiGrowth” / “the Plan”), a savings-oriented indexed universal life (IUL) insurance plan that emphasises long-term wealth growth with flexible succession options.