August 29, 2012
Transamerica Life Canada (“Transamerica”) is making changes to the TOP Guaranteed Investment Portfolios (GIPs) available within certain segregated fund contracts and to the imaxx TOP Managed Index Interest Options available within certain Universal Life (UL) contracts.
Transamerica has selected CI Investments as the new sub-advisor for Transamerica’s TOP GIPs. Previously, the TOP GIPs were managed by an in-house team.
As a result of this change on or about September 21, 2012, select TOP GIPs available in certain Transamerica segregated fund contracts will be renamed the Transamerica CI GIPs. The investment objectives, investment fund category and management fees of these Transamerica CI GIPs will not change...
Transamerica Life Canada selects CI Investments as sub-advisor for existing portfolio program
January 18, 2012
I am pleased to be letting you know that AM Best has upgraded Transamerica Life Canada (TLC) from B++ (Good) to A- (Excellent) with a Strength and Credit Outlook of Stable.
In the report that outlines the factors they considered in making their decision, they note our “prudent measures in recent years to enhance its risk management practices” and “2012 strategic decision to close portions of its segregated funds business to new business”. They also recognized the strength of TLC being part of a much larger organization.
This is a valuable indicator of our financial strength and sustainability. We know that your clients often look to these ratings to help them decide if they want to do business with us. In short, it helps make our solutions that much more attractive.
Thank you for your continued support.
Doug BrooksPresident and CEO
Transamerica Life Canada Strengthens Strategic Focus on Life Business
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