Transamerica Corporation

AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries

Retrieved on: 
Wednesday, December 20, 2023
Banking, Professional Services, Insurance, Finance, Risk, Credit, AM Best, Mortality, Transamerica, News, COVID-19, Aegon, ASR Nederland, Transamerica Corporation, Risk management, ALL, AEG, Life

The ratings reflect Aegon USA’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.

Key Points: 
  • The ratings reflect Aegon USA’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
  • The company was renamed to Aegon Ltd. from Aegon N.V. and on Oct. 1, 2023, the Bermuda Monetary Authority became Aegon Ltd.’s group supervisor.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Transamerica Teams with State Street Global Advisors to Help More Americans Become Retirement Ready

Retrieved on: 
Thursday, November 9, 2023
ARS, Growth, State Street Global Advisors, Risk, Partnership, Retirement, GTC, Transamerica Corporation, State Street, Financial adviser, Life insurance, Renewable energy, Transamerica, Series

SCOTTSDALE, Ariz., Nov. 9, 2023 /PRNewswire/ -- ARS (previously Annexus Retirement Solutions) announced today that Transamerica is adding the State Street GTC Retirement Income Builder (the Series) to its recordkeeping platform, joining State Street Global Advisors, Global Trust Company (GTC) and ARS in helping more Americans become retirement ready. This new industry innovation in target date funds provides lifetime income, while preserving growth opportunity and participant control of the assets.

Key Points: 
  • SCOTTSDALE, Ariz., Nov. 9, 2023 /PRNewswire/ -- ARS (previously Annexus Retirement Solutions) announced today that Transamerica is adding the State Street GTC Retirement Income Builder (the Series) to its recordkeeping platform, joining State Street Global Advisors, Global Trust Company (GTC) and ARS in helping more Americans become retirement ready.
  • This new industry innovation in target date funds provides lifetime income, while preserving growth opportunity and participant control of the assets.
  • Transamerica is dedicated to helping participants secure their financial futures and believes in-plan income solutions can be one of the most critical components to helping solve today's retirement income crisis.
  • "Transamerica is keenly focused on delivering solutions that can help participants better prepare for retirement," said Phil Eckman, president of Transamerica Workplace Solutions.

LifeQuotes.com Salutes Breast Cancer Awareness Month with a Good News Survey: Life Insurance Prices for Recovering Breast Cancer Patients are Lower than Four Years Ago

Retrieved on: 
Monday, October 9, 2023
Diagnosis, Protective Life, Transamerica Corporation, AEGON, Insurance, BCAM, Breast cancer, MD, Gold, Suicide, Yahoo!, Legal & General, AL, ORD, Disease, SBLI, NE, Address, NBCAM, Policy, Pacific Life, Prudential Financial, Survivor, Pathology, MassMutual, Woman, Privacy, Organic, Breast Cancer Awareness Month, Life insurance, Birth control, Online shopping

Zieba continued, "High quality life insurance coverage is often available to breast cancer survivors at very attractive rates.

Key Points: 
  • Zieba continued, "High quality life insurance coverage is often available to breast cancer survivors at very attractive rates.
  • Breast Cancer Awareness Month is a yearly campaign that intends to educate women about the importance of early screening, checkups, and more.
  • "Life Insurance Innovation" award winner... Life Insurance Direct Marketing Association
    "The premier Web site in terms of details and ease of use..." -- Yahoo!
  • Life insurance policies described, quoted, shown and illustrated throughout this press release may not be available in all states.

AM Best Affirms Credit Ratings of Wilton Re Ltd. and Its Subsidiaries

Retrieved on: 
Thursday, August 31, 2023
Consulting, Professional Services, Insurance, Finance, Federal Home Loan Banks, AM Best, Swings, Life, ERM, GAAP, Credit, Wilton, Sale, Allstate, FSR, Superior, Disease, Transamerica Corporation, Mortality, Long-Term Capital Management, Longevity, Ivari Padar, CPP Investment Board, Carpet, Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the life/health subsidiaries of Wilton Re Ltd. (Nova Scotia, Canada), collectively known as Wilton Re.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the life/health subsidiaries of Wilton Re Ltd. (Nova Scotia, Canada), collectively known as Wilton Re.
  • AM Best also has affirmed the Long-Term ICRs of “a-” (Excellent) of Wilton Re Ltd. (Nova Scotia, Canada) and Wilton Re Finance LLC (Wilton Re Finance) (Delaware).
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) on the $300 million, 5.875% senior unsecured notes, due 2033, of Wilton Re Finance LLC.
  • The outlook of these Credit Ratings (ratings) is stable.

AM Best Assigns Issue Credit Rating to Weston2038 LLC Series Hannover, No.2 Variable Funding Credit-Linked Note

Retrieved on: 
Thursday, August 31, 2023
Professional Services, Insurance, Finance, AM Best, ALL, ISDA, Credit, Credit rating, Superior, Capital, Transamerica Corporation, AM, Bermuda, Reassuring Pinches, News

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a” (Excellent) to the $433 million, 6.00% Series Hannover, No.

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a” (Excellent) to the $433 million, 6.00% Series Hannover, No.
  • 2 variable funding credit-linked note (note), due July 1, 2043, issued by Weston2038 LLC (Weston2038), a Delaware limited liability company (issuer).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Waters Corporation Appoints Richard Fearon to Board of Directors

Retrieved on: 
Tuesday, March 28, 2023
Software, Pharmaceutical, Environment, Finance, Environmental, Social and Governance (ESG), Health, Professional Services, Technology, WAT, Metropolitan Water Board, IPO, Vice, Eaton, Stanford University, Harvard Law School, Strategic planning, Accounting, Economics, Transamerica Corporation, Professional corporation, The Walt Disney Company, Annual general meeting, Harvard Business School, Growth, Eaton Corporation, Waters Corporation, NYSE, Management, Renewable energy

Waters™ Corporation (NYSE:WAT) today announced the appointment of Richard Fearon to its Board of Directors, effective March 27, 2023.

Key Points: 
  • Waters™ Corporation (NYSE:WAT) today announced the appointment of Richard Fearon to its Board of Directors, effective March 27, 2023.
  • Mr. Fearon is the former Vice Chairman and Chief Financial and Planning Officer of Eaton Corporation, a multinational power management company.
  • I am eager to join the Board and contribute to the important efforts underway,” said Mr. Fearon.
  • As previously disclosed, Edward Conard, a director since 1994, will retire from the Waters Board at the Company’s 2023 Annual Meeting.

Transamerica Expands Hospital Indemnity Insurance Offered for Workplace Benefits

Retrieved on: 
Monday, February 27, 2023
Health care, Hospital, Growth, Policy, Transamerica Corporation, Anxiety, Health, Workplace, Addiction, Transamerica, Infant, Health insurance, Life insurance

BALTIMORE , Feb. 27, 2023 /PRNewswire/ -- Transamerica today announced the availability of new benefit riders with its employer-offered hospital indemnity insurance to help workers financially when they experience a hospital stay.

Key Points: 
  • BALTIMORE , Feb. 27, 2023 /PRNewswire/ -- Transamerica today announced the availability of new benefit riders with its employer-offered hospital indemnity insurance to help workers financially when they experience a hospital stay.
  • The new riders expand the hospital indemnity options available to employers as they design the proper benefits for their employees.
  • "Hospital indemnity insurance from Transamerica offers a base benefit of a covered, daily in-hospital stay with the ability to add riders for other common treatments, improving employees' ability to financially overcome hospitalizations."
  • Demand is growing for hospital indemnity insurance offered through the workplace.

8 Ways the SECURE 2.0 Act of 2022 Enhances Retirement Security

Retrieved on: 
Wednesday, December 28, 2022
ERISA, Longevity, PEP, Marital status, Education, Employment, The Harris Poll, Retirement, Millennials, Reuters, Transamerica Corporation, Social Security (United States), Hardship, National Fire Savers Credit Union, Growth, COVID-19, Life, IRA, Health and Retirement Study, Generation Z, IRS, Failure, Credit, Generation, Government, MEP, RMD, Saver, Pandemic, Census, Transamerica, Investment, Research, Ageing, D&B, Social, Financial adviser, Health insurance, Pension fund

LOS ANGELES, Dec. 28, 2022 /PRNewswire/ -- The SECURE 2.0 Act of 2022, a result of extensive bipartisan collaboration, represents a major milestone in enhancing retirement security. "The passage of SECURE 2.0 will help millions of Americans save and prepare for a financially secure retirement. The bipartisan legislation includes a new government matching contribution for retirement savers, expands access to workplace retirement plans, and provides new ways to facilitate and protect retirement savings," said Catherine Collinson, CEO and president of nonprofit Transamerica Institute and Transamerica Center for Retirement Studies® (TCRS).

Key Points: 
  • LOS ANGELES, Dec. 28, 2022 /PRNewswire/ -- The SECURE 2.0 Act of 2022, a result of extensive bipartisan collaboration, represents a major milestone in enhancing retirement security.
  • "The passage of SECURE 2.0 will help millions of Americans save and prepare for a financially secure retirement.
  • Beginning in 2025, SECURE 2.0 creates more stringent requirements for employers to extend retirement plan eligibility to their long-term part-time employees.
  • TCRS is dedicated to educating the public on trends, issues, and opportunities related to saving and planning for retirement and achieving financial security in retirement.

Societal Headwinds Are Undermining Women's Retirement Security

Retrieved on: 
Thursday, November 17, 2022
The Harris Poll, Workplace, Health, Health and Retirement Study, Goal, Work, Government, Woman, Population, Emergency, Income, Women's health, Man, Workforce, Marital status, Social Security, Census, Baby boomers, ERISA, Transamerica Corporation, Education, Retirement, Social, Collinson, Investment, COVID-19, CEO, Risk, Trial balance, Employment, Longevity, Parenting, Household, Millennials, Medicare, Solution, Life insurance, Health insurance, Tutoring, Generation X

LOS ANGELES, Nov. 17, 2022 /PRNewswire/ -- More than four in 10 working women (41 percent) expect to retire at age 70 or older or do not plan to retire, according to Emerging from the COVID-19 Pandemic: Women's Health, Money, and Retirement Preparations, a study released today by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®. 

Key Points: 
  • As part of TCRS' 22nd Annual Retirement Survey , the new study examines the retirement outlook of women workers and includes recommendations for women, employers, and policymakers to improve retirement security.
  • Many experienced negative employment impacts that could jeopardize both their short-term finances and future retirement," said Collinson.
  • Additionally, policymakers can implement further reforms to expand access to workplace retirement plans, increase incentives for employers to offer plans, and facilitate retirement savings among women.
  • They can expand their retirement, and health and welfare benefits offerings for all employees, including both full-time and part-time workers.

AM Best Affirms Credit Ratings of Aegon N.V.’s U.S. Subsidiaries

Retrieved on: 
Thursday, November 3, 2022
Other Professional Services, Professional Services, Insurance, Business, Mortality, Pension, Industry, NYSE, AM Best, COVID-19, Risk management, Income, AM, Transamerica, Credit, ASR Nederland, Aegon, Life, AEG, Risk, Transamerica Corporation, ALL, Insurance, News, Aegon N.V.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon N.V. (Netherlands) [NYSE: AEG].

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon N.V. (Netherlands) [NYSE: AEG].
  • The ratings reflect Aegon USAs balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .