Transamerica is consolidating several of their companies under the Transamerica name.
The exact dates are still being finalized, but the following changes are targeted for 2014.
- Monumental Life Insurance Company will be renamed Transamerica Reserve Life Insurance Company (TRLIC) – summer 2014;
- Western Reserve Life Assurance Co. of Ohio will merge into the new TRLIC – fall 2014;
- Transamerica Advisors Life Insurance Company of New York will merge into Transamerica Financial Life Insurance Company – summer 2014; and
- Stonebridge Casualty Insurance Company will become Transamerica Casualty Insurance
Company – summer 2014. (Stonebridge Life Insurance Company will not be affected at this time.)
These changes affect only the companies called out above. There are no changes for other Transamerica statutory companies.