Boug is Named Chief Pricing Actuary for Transamerica Reinsurance

Business Wire, Sept 29, 2006

CHARLOTTE, N.C. -- Transamerica Reinsurance, a major worldwide reinsurance supplier, announced today that Scott A. Boug has been named Vice President and Chief Pricing Actuary of its U.S. life reinsurance business. In this role Scott will lead a team of actuaries in pricing new business, which involves risk analysis, projection modeling and the development of customized reinsurance solutions. He will also be responsible for maintaining pricing and risk knowledge to provide the best offers and service to clients.

Boug brings proven experience in product design and valuation with a particularly detailed knowledge of risk and capital management structures. For the past seven years he has worked within the AEGON group establishing and executing risk and capital management strategies. Before joining AEGON, Scott held positions in individual product pricing and investment management at Prudential UK and Sun Life.

"Ours is a technically demanding and knowledge-driven business," said Glenn Cunningham, executive vice president of Transamerica Reinsurance's life reinsurance operation. "We are pleased that Scott is joining us at a time when success requires an exceptional combination of actuarial and financial expertise. Scott strengthens our ability to meet complex client needs with effective and cost-efficient reinsurance programs."

"I'm delighted to be part of the Transamerica Reinsurance team," Scott said. "My experience on the primary side - both in product design and enterprise risk management - will be useful in understanding ceding company needs and working toward solutions that address growth and profitability challenges."

Scott, who holds a Bachelor of Science degree in statistics from the University of Western Ontario, is a Fellow in the Society of Actuaries and a Member of the American Academy of Actuaries.

About Transamerica Reinsurance

Transamerica Reinsurance is one of North America's largest suppliers of automatic and facultative reinsurance capacity, a leading reinsurance provider of product development and private label life solutions, and a consultant to financial services companies in the life and annuity markets. Transamerica Reinsurance serves more than 500 client companies in North America, Latin America, and the Asia Pacific region. Its main marketing office is in Charlotte, NC. An Asia Pacific regional management office is in Hong Kong and a Latin America regional management office is in the Miami area.

Transamerica Reinsurance's products and services are offered through Transamerica Occidental Life Insurance Company, Transamerica Financial Life Insurance Company, Transamerica International Re (Bermuda) Ltd., and Transamerica International Reinsurance Ireland Limited, members of the AEGON group, a leading multinational financial services group.