LOS ANGELES--(BUSINESS WIRE)--The Life & Protection (L&P) Division of Transamerica today announced the promotion of Michael Babikian to President and CEO of Transamerica Brokerage, a distribution unit of L&P. He previously held the position of Executive Vice President, Chief Marketing Officer, Brokerage, and Chief Product Officer for L&P.
“In his prior role, Michael implemented a new approach to product development and created and executed marketing strategies that contributed significantly to the growth of the business. He’s also earned a reputation as an industry thought leader, and I believe he will build on that as he takes the helm of Brokerage,” said Scott Ham, President and CEO of L&P.
Prior to joining Transamerica, Babikian was general counsel to Infinite Source Technologies, Inc., an attorney for the tax law firm of Baker, Olson, LeCroy & Danielian, and a tax specialist in KPMG’s Multi-Family Office.
Currently, Babikian serves as a board member of the Chief Marketing Officer Council; chairman of the board of directors and professor at Glendale University; and member of the University of Southern California (USC) Marshall Corporate Advisory Board. He also serves as chairman of the board of directors of the Children’s Music Fund.
Babikian completed his undergraduate studies at the University of California at Irvine and received a law degree from the University of the Pacific, McGeorge School of Law. He subsequently earned a Master of Laws in taxation at the University of San Diego and a Master of Business Administration from the University of Southern California. In addition, Babikian is an alumnus of Harvard Business School, having graduated from the program for leadership development.
Babikian replaces Marty Flewellen, who was promoted to Chief Distribution Officer of L&P.
Transamerica Brokerage is a distribution unit that markets and sells life and long term care products through independent general agents, brokers, direct marketers and other distributors. Through L&P, the Transamerica companies offer a wide array of life, health and other protection solutions with a common purpose: to protect families and their dreams.
Products offered through Brokerage are underwritten by Transamerica Life Insurance Company (TLIC) or its affiliated insurance companies and include term, universal, index and variable life insurance policies, as well as long term care insurance and other protection products. TLIC is an AEGON company. AEGON is an international life insurance, pension and asset management company based in The Hague, the Netherlands, with businesses in more than 20 markets in the Americas, Europe and Asia.
With more than a century of experience, Transamerica has built a reputation on solid management, sound decisions and consumer confidence. For more information, visit www.transamerica.com.