Transamerica Hires New Retirement Solutions Head
Transamerica on Monday announced it has hired industry veteran Jason Frain as its new head of Retirement Solutions, effective Aug. 25.
Frain will lead product strategy and development across Transamerica’s retirement solutions team, with a focus on delivering offerings geared towards helping plan sponsors and participants “achieve stronger long-term outcomes,” the firm wrote in its announcement. He will report to Jamie Ohl, president of Protection Solutions and Savings & Investments.
Frain has worked in the retirement and annuity product space for close to three decades and has held senior roles overseeing product development, pricing, and strategy at large financial services institutions, most recently at Brighthouse Financial. Prior to that, he was vice president of Product Development at MetLife and worked on 401(k) product management and development for Guardian Life Insurance Company. He began his career at The Hartford, a property and casualty insurance group.
Frain is also a member of the American Academy of Actuaries. He earned a bachelor’s degree in actuarial science from the University of Hartford.
“Jason is a proven product leader who blends actuarial rigor with commercial instincts,” said Ohl. “His track record shaping retirement and annuity products—while keeping customer needs and risk discipline front and center—will accelerate our momentum as we build the leading middle‑market life insurance and retirement company.”
“I have long admired the Transamerica brand and the bold steps the company has recently taken to elevate experiences and drive better retirement outcomes,” added Frain. “I’m honored to join this organization and excited to collaborate with our distribution and client teams to build on this momentum—bringing forward simple, high-impact products that help employers and participants save more, invest smarter, and create lasting retirement income.”
Transamerica, a part of the Aegon group of companies, provides life insurance, retirement, and investment solutions for over 10 million Americans. In 2024, the organization paid more than $62 billion in insurance, retirement, and annuity claims and benefits.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
