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.
Volunteers from our Singapore team took action to combat food insecurity by packing and delivering 50 food bundles door-to-door to families in need. Their time and efforts made a significant impact on the community, ensuring that essential support reached those who needed it most.
Our Hong Kong team supported a food waste reduction initiative by rescuing edible food and redistributing it to the needy within our community. It was a rewarding experience making safe and nutritious food accessible to those in need while contributing to sustainability.
Over 30 enthusiastic volunteers from our Hong Kong team, along with their families and friends, gathered for a cleanup at Wu Kai Sha Beach. Hidden trash such as plastic, glass, straws, and wrappers were collected into over 8 bags of litter.