Transamerica Reinsurance Opens Local Presence in Brazil

Transamerica Reinsurance reported the opening of its consulting office Transamerica Re Consultoria em Seguros e Servicos Ltda. with addresses in Sao Paulo and Rio de Janeiro. Transamerica Reinsurance is a division of Transamerica Occidental Life Insurance Company, a member of the AEGON Group.

A leading supplier of life and annuity reinsurance products and services in the United States, Latin America and the Asia Pacific, Transamerica Reinsurance will market a variety of risk management consulting services throughout Brazil, including management of all insurance risks, product development, financial planning and customized training programs in insurance activities such as actuarial science and underwriting.

Wayne Bidelman, President of Transamerica Reinsurance’s International Division, says, “We have been visiting Brazil since 2001, working closely with the IRB to promote preferred life insurance products. The opening of our Brazil office represents the next step in our efforts to provide reinsurance and risk management services to the Brazilian insurance industry. We want to be closer to our customers, so that we can better share information and develop new solutions.”

With the new onsite representation in Rio de Janeiro and Sao Paulo, Transamerica Reinsurance now has a local presence in four cities operating throughout three strategic countries in Latin America: Brazil, Chile and Mexico, in addition to the region’s head office located in Weston, Fla. near Miami. The expansion into Brazil reflects Transamerica Reinsurance’s strategy of contributing to the growth and success of the insurance market in the region.

“Transamerica Reinsurance has a proactive, innovative approach to reinsurance that goes beyond traditional reinsurance services, which is well-suited to the Brazilian insurance market,” said Dr. Rodolfo Wehrhahn, Managing Director for the region. “These offices establish a stronger presence and support for our preferred risk life insurance program and other products that we will develop in collaboration with the IRB and our clients in Brazil.”

Ronald Kaufmann, with more than 35 years of industry experience in Brazil, has been named country manager to oversee business activities in the new offices. He also has international insurance and reinsurance experience with primary focus on life and pension products.