Once again Transamerica Life Bermuda Limited received industry recognition for its world-class service & ground-breaking products by winning the International Life Insurer of the Year award at the 2019 Asian Banking & Finance, Insurance Asia Awards.
This is the 4th consecutive year that Transamerica Life Bermuda has received this high-status distinction. With its devoted focus on serving Ultra High Net Worth and High Net Worth customers, Transamerica Life Bermuda has amassed over the years, a huge deal of insights into the needs, as well as, desires of these customers & has employed those insights for the development of innovative, custom-made products & initiatives to meet them. The firm was recognized for its continued efforts of strengthening its product suite, inclusive of its Universal Life Plus products and Universal Life Alpha, with novel initiatives that enter into the increasing demand for life insurance policies that High Net Worth clients are utilizing to maximize wealth protection & strengthen their legacy planning.
In addition to this, Transamerica Life Bermuda is ongoing the geographic advancement of its distribution network into new offshore markets as highlighted by its latest expansion into Florida through its Bermuda office, which gives it the ability to service Latin American High Net Worth international customers. These developments strengthen its solid aim to be the leading High Net Worth life insurance player in Asia & beyond. Transamerica Life Bermuda will be continuing its solid focus on the High Net Worth segment of developing even more in-depth knowledge of prosperous customers, and to improve the education support for its distributors and partners.
The Chief Executive Officer & President of Transamerica Life Bermuda, Marc Lieberman stated that we are very proud to be able to win this category in the Insurance Asia Awards for the past 4 consecutive years. Our aim to understand the unique challenges that our High Net Worth customers face & offering them with tailored, ground-breaking financial solutions is part of our purpose to help customers achieve a lifetime of financial security & peace of mind.