In preparation for the opening of the Brazilian reinsurance market, Transamerica Reinsurance has announced that it will be taking steps to be registered as an admitted reinsurer in Brazil.
Dr. Rodolfo Wehrhahn, Managing Director of Latin American markets, said, “For the past six years, we have been visiting the market and working in tandem with the IRB on a number of local projects. In 2006, we began Transamerica Re Consultoria em Seguros e Servicos Ltda., opening offices in Sao Paulo and Rio de Janeiro. We market a variety of risk management consulting services throughout Brazil, including management of all life insurance risks, product development, financial planning and customized training programs in insurance activities such as actuarial science and underwriting. Becoming an admitted reinsurer represents the next step in our efforts to provide reinsurance and risk management services to the Brazilian insurance industry."
About Transamerica Reinsurance
Transamerica Reinsurance, a division of Transamerica Occidental Life Insurance Company, an AEGON company, is one of the largest global suppliers of automatic and facultative reinsurance capacity and a leading provider of value-added product development, risk and capital management solutions to financial services companies in the life and annuity markets. It serves more than 500 client companies in the U.S., Latin America, Europe and the Asia Pacific region. Transamerica Reinsurance's products and services are offered through Transamerica Occidental Life Insurance Company, Transamerica Financial Life Insurance Company, Transamerica International Re (Bermuda) Ltd., and Transamerica International Reinsurance Ireland Limited, all AEGON companies. AEGON is a leading multinational financial services group.
