Michael Farley is Named Chief Financial Officerof U.S. Business for Transamerica Reinsurance

CHARLOTTE, N.C.--(Business Wire)--
Transamerica Reinsurance, a division of Transamerica Life Insurance Company and
a major worldwide supplier of life reinsurance, announced today that Michael
Farley has been named senior vice president and chief financial officer of U.S.
business. Farley will report to CFO Joe Gilmour and will play a key role on
Transamerica Reinsurance`s senior management team.

"We are very pleased to have Mike on board," Gilmour said. "His life reinsurance
background plus his experience in retail markets is valuable to our
organization. I am confident that Mike`s knowledge and expertise will be a
tremendous asset as we continue to drive profit and growth opportunities in the
U.S. life reinsurance market."

In his new role, Mike is responsible for the control environment for financial
processes that pertain to the U.S. business. He will provide financial
perspective and analysis in the development and execution of strategy and key
initiatives designed to improve performance and enhance the capabilities of
Transamerica Reinsurance.

Mike has more than 20 years of experience in life insurance and reinsurance,
including senior finance positions at Allianz, Life USA, ING Re and, most
recently, Conseco.

Mike obtained his FSA designation from the Society of Actuaries in 1994 as well
as the CERA (Certified Enterprise Risk Analyst) designation earlier this year.
He has a Bachelor of Science degree in Chemistry from St. John`s University in
Minnesota and has been a long time member of the American Academy of Actuaries.

About Transamerica Reinsurance

Transamerica Reinsurance is a division of Transamerica Life Insurance Company,
an AEGON company. It is one of the largest life reinsurers in the U.S. based on
recurring new business and inforce volume, according to the 2008 Munich Re
Survey of U.S. Life Reinsurance conducted for the Society of Actuaries. It
offers broad capabilities in risk, capital and expense management to help
companies improve the competitiveness and profitability of their life and
annuity products. Transamerica Reinsurance supplies automatic and facultative
reinsurance, product consulting and development and alternative underwriting
solutions to more than 500 companies in North America, Asia-Pacific, Latin
America and Europe. Its main marketing office is located in Charlotte, North
Carolina.

Transamerica Reinsurance
Pat Bresina, 704-344-2731

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