Michael Babikian Named Chief Marketing Officer for Transamerica Insurance & Investment Group

LOS ANGELES, CA -- (MARKET WIRE) -- 01/12/10 -- Michael Babikian, JD, LLM, MBA, has been promoted to Chief Marketing Officer for Transamerica Insurance & Investment Group (TIIG), a marketing unit of Transamerica Life Insurance Company (TLIC) and its affiliates, announced Marty Flewellen, President of TIIG. In addition to his new role, he will retain his previous title of Senior Vice President of the organization.

Babikian joined TIIG in 2003 as an Advanced Marketing Consultant. "Michael is a true standout when it comes to leadership abilities. Since coming aboard TIIG, he has quickly become an invaluable member of our executive team," said Flewellen. "He is a sophisticated marketer with considerable expertise in advanced planning, marketing, product and distribution."

Prior to joining Transamerica, Babikian was General Counsel to Infinite Source Technologies, Inc., where he advised on all legal and tax matters. Previously, he worked as an attorney for the tax law firm of Baker, Olson, LeCroy and Danielian, where he advised clients on tax and business matters. His experience also includes working as a tax specialist in the Personal Financial Planning department of KPMG, where he consulted with high-net-worth clients and their tax and legal counsel on complex financial, tax and estate planning issues. Babikian also worked in the legal department of the California Franchise Tax Board.

He is an Adjunct Assistant Professor of Law at Glendale University College of Law where he is Chairman of the Board of Directors. He has served as a member of the Board of Trustees for the Glendale Bar Association and as the Chairman of the Board of Directors for the Glendale Bar Association Lawyer Referral Service. He was the Committee Chair for the Continuing Legal Education Committee of the Armenian Bar Association and was a member of the American Bar Association's Tax Committee for Exempt Organizations.

About Transamerica

Transamerica Insurance & Investment Group, a marketing unit of Transamerica Life Insurance Company (TLIC), offers an array of innovative financial services and products designed to help individuals, families and businesses build, protect, and preserve their assets. Products and services offered through TIIG are underwritten by TLIC or its affiliated statutory insurance companies, and include term life insurance, universal life insurance, variable universal life insurance and fixed annuities. TLIC is an AEGON company. AEGON is an international life insurance, pension and investment group based in The Hague, the Netherlands, with businesses in over 20 markets in the Americas, Europe and Asia.

For more information about Transamerica, visit www.transamerica.com.

Contact: Nicole G. Lorey [email protected]