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Encyclopedia > Transamerica

Transamerica Corporation is an insurance and investment company in the United States. Insurance is a system to alleviate financial losses by transferring risk of loss from one entity to another. ... Investment is a term with several closely-related meanings in finance and economics. ...


In 1956, in response to the passage of the Bank Holding Company Act, Transamerica Corporation divested itself of its banking concerns, which then went on to become Bank of America. This left Transamerica with life insurance and property and casualty insurance operations. 1956 was a leap year starting on Sunday. ... Bank of America (BofA) (NYSE: BAC) is the largest bank in the United States of America, in terms of deposits. ...


Over the next 20 years, Transamerica gradually became a diversified conglomerate whose subsidiaries included United Artists (a major motion picture studio), an airline, a rental car company, and a manufacturer of machinery. The United Artists Corporation (aka United Artists Pictures and United Artists Films) was formed on February 5, 1919 by four Hollywood greats: Charles Chaplin, Douglas Fairbanks, Mary Pickford and D. W. Griffith. ...


In 1972, construction of the Transamerica Pyramid skyscraper in San Francisco, California was completed. The company's headquarters was located in the building for many years, although today, it retains only a small presence in the building. Nevertheless, the company's logo still depicts the iconic building. 1972 was a leap year that started on a Saturday. ... The Transamerica Pyramid. ... San Francisco skyline. ...


In the 1980s, Transamerica sold all operations that were not related to its core competency of insurance and other financial services. Events and trends The 1980s marked an abrupt shift towards more conservative lifestyles after the momentous cultural revolutions which took place in the 1960s and 1970s and the definition of the AIDS virus in 1981. ...


In July 1999, Transamerica Corporation was acquired by AEGON N.V., an insurance holding company based in the Netherlands. 1999 is a common year starting on Friday of the Common Era, and was designated the International Year of Older Persons by the United Nations. ...


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