Michael Babikian has been promoted to president and CEO of Transamerica Brokerage, a distribution unit of the Life & Protection division of Transamerica. Previously Babikian was EVP, chief marketing officer, brokerage, and chief product officer. Babikian replaces Marty Flewellen, who was promoted to chief distribution officer.

“In his prior role, Michael implemented a new approach to product development and created and executed marketing strategies that contributed significantly to the growth of the business,” said Scott Ham, president and CEO of L&P. “He’s also earned a reputation as an industry thought leader, and I believe he will build on that as he takes the helm of Brokerage.”

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