A large West Coast insurance company is about to start a new century.
Transamerica Occidental Life Insurance Company, Los Angeles, says it is starting to celebrate its 100th birthday anniversary.
The company, now a unit of AEGON N.V., The Hague, Netherlands, was founded in 1906 as Occidental Life Insurance Company. Occidental was acquired in 1930 by Transamerica Corp., and Transamerica Occidental was acquired by AEGON in 1999.
Occidental’s early leaders had to use their own savings to help pay life policyholders during the 1918 influenza pandemic, Transamerica says.