trending Market Intelligence /marketintelligence/en/news-insights/trending/yQ6KJp9cBwu4qFBLJmYkog2 content esgSubNav
In This List

Transamerica transferring administration of LTC biz to LTCG

Blog

Perspectives from China: The Shifting Regulatory Landscape

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work


Transamerica transferring administration of LTC biz to LTCG

Transamerica Corp. has entered into an agreement with third-party administrator LTCG Holdings Corp. to transfer the administration and claims management of its long-term care insurance business line.

Transamerica said the transaction will allow it to speed up the enhancement of its digital capabilities and modernize its LTC insurance platform.

Under the contract, LTCG will provide third-party administration services for Transamerica's LTC insurance product line, including new business, policyholder services, claims processing and care management. Services are likely to start in the third quarter.

For its part, Transamerica will continue to administer and service its other insurance, investment and retirement services on existing platforms.

Approximately 200 Transamerica employees will be offered positions by LTCG.