Transamerica’s Life & Protection (L&P) Division has promoted Michael Babikian to president and CEO of its Brokerage distribution unit, who will replace Marty Flewellen.

Prior to being promoted, he previously held the position of Executive vice president, chief marketing officer, brokerage, and chief product officer for L&P.

Babikian served as general counsel to Infinite Source Technologies, an attorney for the tax law firm of Baker, Olson, LeCroy & Danielian, and a tax specialist in KPMG’s Multi-Family Office.

He currently serves as a board member of the Chief Marketing Officer Council; chairman of the board of directors and professor at Glendale University; and member of the University of Southern California (USC) Marshall Corporate Advisory Board.

Flewellen was promoted to chief distribution officer of L&P.

Transamerica L&P offers a wide array of life, health and other protection solutions to protect families.

Brokerage offers life and long term care products that are underwritten by Transamerica Life Insurance Company (TLIC), which is an AEGON company.

AEGON is an international life insurance, pension and asset management company based in The Hague, the Netherlands, with businesses in more than 20 markets in the Americas, Europe and Asia.