Insurance executive Jeremy Young has joined Bermudian-based Transamerica Life (Bermuda) Ltd as its global head of sales and distribution.

The company said Mr Young will be responsible for enhancing and executing the company's sales strategy, while building its distribution capability and leading the distribution teams to drive profitable sales and accelerate business growth across Bermuda, Hong Kong, and Singapore.

In addition, the company said Mr Young will cultivate and further key relationships with brokers, private banks and other financial firms to expand TLB's distribution relationships and footprint across the globe.

He will report to Hazel Etherington, TLB’s president, who said: "We're delighted to have Jeremy join the TLB family. Jeremy's appointment to this critical position is further testimony of our commitment towards growth as a leading high net worth life insurance provider of choice for business partners and customers in our key markets.”

She added: “Jeremy will build upon TLB's strong business partner servicing capabilities and work closely with our distribution partners, helping them to better serve HNW customers who are looking to achieve financial security and protection during these uncertain times."

Mr Young previously worked at Sun Life Financial where, over an 11-year period, he served in various senior management roles, most recently working as its chief marketing officer for Asia.

He has more than 25 years of experience in the life insurance industry with extensive experience in the areas of distribution having first joined the industry as a broker and having led development of broker and bancassurance distribution channels in his prior roles at Sun Life Hong Kong, AIA NZ, and Sovereign Assurance.

The company also announced that Benjamin Chua, head of finance for its Singapore branch office, has received regulatory approval from the Monetary Authority of Singapore to assume the additional role of chief executive for TLB in Singapore.

Transamerica Life (Bermuda) Ltd is a high net worth life insurance provider. It is part of the Aegon Group, an international financial services group providing life insurance, pensions and asset management based in The Hague, Netherlands..