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When you put a billion in the kitty... I sure you get a say in the matter.
TransAmerica Update
- Thread starter TripleH
- Start date
When you put a billion in the kitty... I sure you get a say in the matter.
Agreed, I don't see how $2B would do much more than buy you office space at Aegon group. Aren't their assets like in the trillions?
I was curious so I looked it up. For non-bank assets they were at 474 billion in 2017...
http://www.ambest.com/review/displaychart.aspx?Record_Code=274407
The second page is interesting, though. Look at all of the health insurers on the net written premium ranking. Crazy.
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Those numbers are crazy huge. Mind blowing.
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This deal is for Tata to become a 3rd party administrator for Trans. Trans is outsourcing its customer service to India. This is not exactly a novel concept. Tata will receive about $2 Billion in revenues per year from Transamerica. Tata had to make investments in the US in order to be able to do the work it is required to do (it takes money to make money). The $3 Billion invested in the US by Tata refers to Tata building the infrastructure stateside that allows them to chase these business opportunities.
There is no way a company like Transamerica is sold to anyone without the whole world knowing about it.
I agree.
I haven't written a Trans life product since they pulled their GUL a few years ago after telling everyone the week before that they were "committed to the space".
OK, that happens. Just process what you have in house and give us some drop-dead dates...nope, it was effective immediately and they kicked all apps still in underwriting.
Unreal.
