Devine to Head Transamerica International Reinsurance Ireland.

CHARLOTTE, N.C. -- Transamerica Reinsurance, a division of Transamerica Occidental Life Insurance Company and a major international supplier of life reinsurance, announces the appointment of Stephen Devine to Managing Director of Transamerica International Reinsurance Ireland Ltd. (TIRI). Stephen succeeds Rick Hodgdon, who has led TIRI since its inception in 2001. Due to family reasons, Rick is relocating to Connecticut where he is pursuing other opportunities.

"Stephen has been a key part of the management team that built TIRI over the last five years, and we have full confidence that under his leadership the company will continue to achieve solid growth and profit objectives," said Paul Rutledge, president of Transamerica Reinsurance. "We're very pleased to have him in this role."

Stephen has served as TIRI's general manager and chief actuary since 2002. Prior to that, he held management positions at Eagle Star Life Assurance Ireland (Zurich Financial Services group) and Bank of Ireland Life Assurance. In these various roles he directed product development, bank distribution and actuarial valuation activities. Stephen is a Fellow of the Institute of Actuaries, London, and holds an MBA from University College Dublin's Michael Smurfit Graduate School of Business.

"I'm very excited about this opportunity to build on TIRI's successes and move the company to new levels of performance," Stephen said. "Our growth outlook is very favorable given the business environment in which we operate and the support available from Transamerica's reinsurance organizational structure."

About Transamerica Reinsurance

Transamerica Reinsurance, an operating unit of Transamerica Occidental Life Insurance Company (TOLIC), is one of the largest suppliers of automatic and facultative life reinsurance capacity, and is a leading reinsurance provider of product development, private label solutions and alternative underwriting solutions. TOLIC ranks among the top ten life reinsurance companies in the world based on gross premiums written, according to Standard & Poor's 2005 survey of global reinsurers. In the United States, it ranks among the top five largest life reinsurance companies based on new business and inforce volume (policy face amount), according to the 2006 Society of Actuaries (SOA) study of business written in 2005. This study is conducted for the SOA by Munich Re.

Transamerica International Reinsurance Ireland Limited (TIRI) was formed in 2001 as a permanently established entity in the International Financial Services Center of Dublin, Ireland to provide an additional underwriting facility for Transamerica Reinsurance's business. TIRI participates in transactions related to mortality and investment business, including portfolio YRT, quota-share Coinsurance and YRT, capital management and financial solutions. In 2006 TIRI received the KPMG Financial Services (Ireland) Reinsurance Excellence Award. In addition to TIRI, Transamerica Reinsurance offers products and services through Transamerica Occidental Life Insurance Company, Transamerica Financial Life Insurance Company and Transamerica International Re (Bermuda), members of the AEGON group, a leading multinational financial services group.

Transamerica Reinsurance serves more than 500 client companies in North America, Asia Pacific and Latin America. It recently announced its entry into the European market with the opening of a branch office in Paris. Transamerica Reinsurance's main marketing office is located in Charlotte, North Carolina, USA. In addition to the French office, which supports its European business, Transamerica Reinsurance maintains an Asia Pacific regional management office in Hong Kong and a Latin America regional management office in Weston, Florida, near Miami.