Transamerica
Transamerica is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
Apparently A.P. Giannini, Transamerica's first chief operating executive was the visionary that made Transamerica a holding company and a major source of financial products and services. Mr. Giannini, at the time of Transamerica's origin, was founder of the Bank of Italy in San Francisco California, which later became Bank of America. He believed in diversification, which led to the acquisition of Occidental Life Insurance Company by the company in 1930. This company was changed to Transamerica Occidental Life Insurance Company in the 1980's. The original vision was to create a national bank with branches in major cities of the United States. Unfortunately, with the enactment of the Bank Holding Company Act of 1956, Transamerica abandoned its vision of a national bank, this entity or branch of Transamerica became First America Corporation. Transamerica was committed to making the insurance aspect of the business successful and devoted its effort and energy to personal, causality and property s indemnity and became a formidable competitor in the insurance industry.
Transamerica focused on diversification for the next 20 years. It acquisitions included interest in United Artists. However, the United Artist 1980 release entitled "Heaven's Gate" proverbially " bombed" and was a financial failure. Unequivocally, the company was still financially sound and did not suffer appreciable losses. However, the wisdom of Transamerica management was in question and subsequently fueled and supported by unfavorable publicity. Transamerica divested itself from United Artists.
The Transamerica Pyramid, erected in 1972, was the company's home office for many years. Today, the main office is in Cedar Rapids, Iowa with several principal buildings in Dade County. Essentially, Transamerica sold all entities that were not insurance or financially related in the 1980's
Frank Herringer became the Chief Executive Officer in 1999, and under his leadership the AEGON insurance company that is located in the Netherlands acquired Transamerica. In 2003, Transamerica Finance Corporation that was a major commercial lender was sold to GE Commercial Finance. The remaining entitles of Transamerica Occidental are Transamerica Retirement Services, Reinsurance, Transamerica Investment Management, Investment Management, Capital Life, and Transamerica Worksite Marketing.
One of the things that Transamerica provided, and still does, is Transamerica term life insurance. Since it had abandoned its vision to use General Electric's diversification strategy, the company still maintains other subsidiaries.
Today, Transamerica is still a functioning insurance and financial leader that is focused on minimizing financial challenges, providing Transamerica term life insurance, and securing their policyholder's and financial investors' future with a solid investment strategy and protocol.
Free Insurance Quotes
Transamerica is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
Apparently A.P. Giannini, Transamerica's first chief operating executive was the visionary that made Transamerica a holding company and a major source of financial products and services. Mr. Giannini, at the time of Transamerica's origin, was founder of the Bank of Italy in San Francisco California, which later became Bank of America. He believed in diversification, which led to the acquisition of Occidental Life Insurance Company by the company in 1930. This company was changed to Transamerica Occidental Life Insurance Company in the 1980's. The original vision was to create a national bank with branches in major cities of the United States. Unfortunately, with the enactment of the Bank Holding Company Act of 1956, Transamerica abandoned its vision of a national bank, this entity or branch of Transamerica became First America Corporation. Transamerica was committed to making the insurance aspect of the business successful and devoted its effort and energy to personal, causality and property s indemnity and became a formidable competitor in the insurance industry.
Transamerica focused on diversification for the next 20 years. It acquisitions included interest in United Artists. However, the United Artist 1980 release entitled "Heaven's Gate" proverbially " bombed" and was a financial failure. Unequivocally, the company was still financially sound and did not suffer appreciable losses. However, the wisdom of Transamerica management was in question and subsequently fueled and supported by unfavorable publicity. Transamerica divested itself from United Artists.
The Transamerica Pyramid, erected in 1972, was the company's home office for many years. Today, the main office is in Cedar Rapids, Iowa with several principal buildings in Dade County. Essentially, Transamerica sold all entities that were not insurance or financially related in the 1980's
Frank Herringer became the Chief Executive Officer in 1999, and under his leadership the AEGON insurance company that is located in the Netherlands acquired Transamerica. In 2003, Transamerica Finance Corporation that was a major commercial lender was sold to GE Commercial Finance. The remaining entitles of Transamerica Occidental are Transamerica Retirement Services, Reinsurance, Transamerica Investment Management, Investment Management, Capital Life, and Transamerica Worksite Marketing.
One of the things that Transamerica provided, and still does, is Transamerica term life insurance. Since it had abandoned its vision to use General Electric's diversification strategy, the company still maintains other subsidiaries.
Today, Transamerica is still a functioning insurance and financial leader that is focused on minimizing financial challenges, providing Transamerica term life insurance, and securing their policyholder's and financial investors' future with a solid investment strategy and protocol.
