Transamerica Corporation history

The Meisjes-, Vrouwen- en Weduwenfonds ('Girls'-, Women's- and Widows fund) from 1828 is Aegon's earliest unofficial predecessor that sold life insurance based on actuarial science.

In 1831, Scottish Equitable was founded in Edinburgh.

From helping Dutch people pay for funerals 150 years ago to offering loans from a converted saloon in San Francisco; our history spans the world and stretches back all the way to 1844.

Another key predecessor is Het Groot-Noordhollandsch Begrafenisfonds, founded in 1845 by a pastor with the name Pfijfers.Couriers that collected premiums for burial funds were known to start their own businesses.

Algemeene Friesche hired its first clerk in 1855 – up until that point, the directors were in charge of all administrative tasks.

One of Aegon's core predecessors, De Vennootschap, was founded in 1858 by André Langrand-Dumonceau of Belgian origin.

Such as Olveh (Onderlinge Verzekeringsmaatschappij Eigen Hulp), incorporated in 1859, which was initially formed as a self-help organization for civil servants and white-collar workers.

Communications to customers was tough: Nillmij would publish in papers that they had, indeed, received premiums.1861 was a remarkable year for our UK business: Scottish Equitable's first customer, a Mr.

He used one company's equity capital to take up the loan capital of another, and declared personal bankruptcy in 1870.

In 1871, couriers from Groot-Noordhollandsche proposed better pay and the company subsequently increased their premiums for new policies.

The first female inspectors were hired in 1874, at a time when few women worked outside the home.

Wiggers van Kerchem, director of Nillmij until 1876, started the company with just 23 insured members.

B. Janse Johanneszoon, a former naval officer, started the Eerste Nederlandsche, one of Aegon's primary predecessors, in 1882.

A few years later, in 1885, the Nederlandsche Pensioenvereniging voor Werklieden ('Dutch pension fund for labourers') was started.

De Dordrecht got its first phone line in 1889, the same year that Olveh bought its first typewriters.

Disregarding previous questionable financial decisions, Venootschap agreed to a new office on the corner of Broadway and 18th street, which opened on January 4, 1893.

American sales overshadowed Dutch ones almost immediately - by 1894, the American branch brought in 21 million guilders - the Dutch branch just 1.3 million.

First employee pensionsIn 1895, De Dordrecht started a pension insurance for its own employees.

In 1903, Eerste Nederlandse started the Eerste Hypotheekbank ('First Mortgage Bank'). All mortgages had the option to include life insurance, with Eerste Nederlandsche of course.

In 1905, Algemeene Maatschappij van Levensverzekering en Lijfrente attempted a hostile takeover of Nillmij, by having straw men purchase shares and influence the company's directors.

The original Transamerica life insurance company was founded in 1906.

Giannini's success as a banker is also clearly evidenced by his anticipation of the 1907 stock market crash, and his accumulation of gold before the crash.

In 1911, Nieuwe Eerste Nederlandsche started selling car insurance.

In a photo taken in the The Hague office of Eerste Nederlandsche in 1913, you can clearly see the number of women on the team.

In fact, when most agents at De Dordrecht were fired in 1915 due to the economic uncertainty, the only two to stay on were female.

By 1918, Eerste Nederlandsche was already in talks with Algemeene for a merger, which was set to improve competitiveness and lower costs.

The Bank of Italy grew so rapidly that by 1919 Giannini was able to form Bancitaly Corporation to organize the expansion.

De Dordrecht sold their Hungarian business in January 1920, to nobody's surprise.

1929: The company acquires the Bank of America.

In 1931, just a year after the consolidation of his banks under Bank America, Giannini retired and left the top post to Elisha Walker, a Wall Street investment banker.

Some insurers even looked across borders for new businesses, such as Olveh, which hired its first agent in Surinam in 1933.

In 1937 Transamerica sold 58 percent of its stock in Bank America, although it still controlled the board of directors.

In fact, Algemeene Friesche moved their administrative offices to the famous "Gothic Hall" in the royal Kneuterdijk Palace in the Hague, until the Germans claimed the building in 1941.

On March 3 1945 he survived the bombing of the main offices in The Hague.

In 1947, Nieuwe Eerste Nederlandsche opened offices in Brussels, Paramaribo (Surinam) and Curaçao.

Just a year later, in 1949, Indonesia was born, which impacted both Nillmij and Aegon's other predecessors with portfolios in the former Dutch East Indies.

Focus on Occidental Life Following the Bank Holding Company Act of 1956

1960: John R. Beckett is named president.

Beckett was interested in companies that would "work in harmony with one another in the market place." The first major acquisition after Beckett became president was Pacific Finance Corporation in 1961, and additional acquisitions focused on land, title insurance, and mortgage banking companies.

Across the water, in 1963, Scottish Equitable bought its first computer.

Harvey was an executive vice-president under Beckett and had been with the company since 1965.

But the city was a backwater of the national music industry until 1966, when promoters such as Bill Graham began booking local bands such as the Jefferson Airplane, the Grateful Dead, and Big Brother and the Holding Company at the Fillmore Auditorium and other large dance venues.

1967: The company acquires United Artists.

1968: The company purchases Trans International Airlines and Budget Rent-a-Car.

In 1974, Ennia acquired Triump Insurance Company in Great Britain.

Recent troubles at United Artists date back to January 1978, when the five principal officers stomped out as a result of disgruntlement with Transamerica management.

In 1979 Transamerica entered the field of transportation-equipment leasing by acquiring Interway Corporation, which it renamed Transamerica Interway.

1981: James R. Harvey is elected president and begins divesting operations not related to financial services and insurance.

One year later, Ennia acquired National Old Line in Little Rock, Arkansas, USA. A year later in 1982, Ennia bought a minority share in Canadian Extendicare, which was sold a few years later.

Aegon was born on November 30, 1983 from the merger of AGO and Ennia.

In 1986, Aegon bought the Baltimore-based life insurer Monumental Corp.

Initially listed on the Amsterdam and London exchanges, in 1991, Aegon went a step further and listed on the New York Stock Exchange.

Aegon set up a totally new operation in Taiwan in 1993.

The company suffered a setback in the financial services area in 1994 when it decided to sell its mutual funds business, Transamerica Fund Management Company.

1995: The company acquires a $1 billion portfolio of home equity loans from the ITT Corporation.

Transamerica Financial had posted losses of $45 million in 1996, while the consumer finance industry was hit by a wave of consolidation.

1997: The company sells its consumer finance business for more than $1.1 billion.

In early 1998, the company acquired the retail finance business of Whirlpool Financial Corporation for $1.3 billion.

In July 1999 Transamerica was acquired by Aegon NV, an insurance company in the Netherlands.

To connect locations in a sustainable way, video conferencing was introduced for the Executive Board in 2001.

In 2002, Aegon acquired the Dutch business TKP Pensioen.

The government support was fully repaid on June 15, 2011, earning the Dutch state EUR 550 million in interest.

In 2013, Aegon took over Eureko's life insurance and pension business in Romania, one of the largest providers of insurance and pensions in the country.

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In 2017, asset management company, Akaan Transamerica received formal approval from the Mexican Banking and Securities Commission (CNBV) to initiate operations in the Mexican market.

Aegon sold its stake in this partnership in 2019.