Transamerica Life (Bermuda) Ltd has launched Opus One Indexed Universal Life to professional investors in Hong Kong and reinforced its drive to serve high-net-worth clients.

The company specialises in high-net-worth life insurance solutions, and has extensive experience in underwriting large sums assured and managing complex customer scenarios to support legacy and business planning for HNW individuals and families.

Opus One offers lifetime protection that safeguards personal wealth and aims to preserve generational wealth.

It provides protection against market volatility while providing attractive growth potential through the distinctive structure of a fixed account and index account. The flexible insurance solution means family security, business protection and support for succession-planning goals.

The company, with more than $6.3 billion in assets, offers a suite of flexible and customisable life insurance solutions for customers worldwide.

The firm claims to be one of Hong Kong’s first batch of insurers to introduce Indexed Universal Life insurance solutions.

“This launch reflects our ambition to lead globally in the HNW life insurance space,” Kristine Ung, chief executive of Transamerica Life Bermuda, said. “We are investing in the right talent and capabilities to deliver sophisticated, client-centric solutions across our key markets. Opus One is another example of how we’re bringing that vision to life.”

The company said the launch is a strategic milestone for Transamerica Life Bermuda as it expands its high-net-worth offering in Asia under Brandon Szeto, the newly appointed chief commercial officer.

Mr Szeto said: “Opus One is designed to meet the evolving needs of today’s HNW clients. With features like the volatility-controlled VC Uncapped Index Account and flexible protection and liquidity options, we’re empowering clients to grow and preserve their wealth with confidence. I’m excited to lead our commercial strategy as we deepen our presence in Asia and beyond.”

Transamerica Life Bermuda is incorporated in Bermuda with branches in Hong Kong and Singapore, and a representative office in the Dubai International Financial Centre. The firm is part of Aegon.

Transamerica Life Bermuda’s LinkedIn page states that it has a heritage spanning almost 180 years through Aegon and Transamerica, and has accumulated significant experience and knowledge in global life insurance.

It added: “We are part of Aegon, an international financial services holding company. Aegon’s ambition is to build leading businesses that offer customers investment, protection and retirement solutions, united by one single purpose — helping people live their best lives.”