Reinsurance News

Aegon

Aegon gets shareholder approval for Dutch business combination

18th January 2023

Aegon, a Netherlands-headquartered multinational life insurance, pensions and asset management company, has announced that its shareholders have approved a move to combine certain of its Dutch businesses with insurer a.s.r. Shareholders voted to allow Aegon to combine its Dutch pension, life and non-life insurance, banking, and mortgage origination operations at a ... Read the full article

Aegon sells insurance e-broker Futuready Thailand

29th November 2022

Life Insurer and asset manager Aegon, is to sell Futuready Thailand, one of the country’s leading insurance e-brokers offering consumer-focused insurance solutions through affinity channels and partners. On November 28th, The Huntington Group, a Singapore-based private equity firm, announced its decision to acquire the broker from Aegon. Financial terms of the ... Read the full article

Aegon to combine its Dutch operations with a.s.r.

27th October 2022

Aegon has announced it has reached an agreement with a.s.r. to combine its Dutch pension, life and non-life insurance, banking, and mortgage origination activities. The firm states that the combination will create a leading Dutch insurance company, enabling it to accelerate its strategy and will represent a major step in its ... Read the full article

Aegon sells stake in Spanish joint insurance venture

25th May 2022

Aegon has announced plans to sell its 50% stake in the Spanish insurance joint venture with Liberbank to Unicaja Banco, following a change of control in Liberbank after its merger with Unicaja Banco in 2021. The gross proceeds of the transaction amount to €177 million, representing 22 times 2021 operating result ... Read the full article

VIG acquires Aegon’s Hungary business for €620mn

23rd March 2022

Vienna Insurance Group (VIG) has acquired the business of the Dutch insurer Aegon in Hungary for EUR 620 million, after receiving the approval of the local Hungarian authorities. This completion is an important step towards the full closing of the sale of Aegon’s insurance, pension, and asset management businesses in Central ... Read the full article

VIG and Hungary agree to cooperate on Aegon/Union

23rd December 2021

Vienna Insurance Group (VIG) has reached an agreement with the Hungarian government on the principles of a cooperation and the further course of action regarding insurers Aegon and Union Vienna Insurance Group Biztosító Zrt. Back in September, VIG's proposed acquisition of Aegon’s businesses in Central and Eastern Europe was blocked ... Read the full article

Aegon enters longevity reinsurance arrangement with RGA

15th December 2021

Life Insurer and asset manager Aegon has reinsured another slice of its longevity exposure in the Netherlands with Reinsurance Group of America (RGA), as the company looks to improve the risk profile of its Dutch Life business and release capital at attractive terms. The new reinsurance agreement offers protection against the ... Read the full article

VIG’s Aegon acquisition blocked in Hungary

21st September 2021

Vienna Insurance Group (VIG) has hit a roadblock in its pending acquisition of Aegon’s businesses in Central and Eastern Europe, after a decision by Hungarian authorities to block the deal was upheld. Last year, Aegon reached an agreement to sell its insurance, pension, and asset management operations in Hungary, Poland, ... Read the full article

European Commission clears VIG Aegon acquisition

13th August 2021

The European Commission has given clearance for Vienna Insurance Group AG Wiener Versicherung Gruppe's (VIG) acquisition of Aegon’s businesses in Central and Eastern Europe. Last year, Aegon, a provider of life insurance, pensions and asset management, reached an agreement to sell its Central and Eastern European operations to VIG for ... Read the full article

Aegon CTO Mark Bloom to step down in June

20th April 2021

Life Insurer and asset manager Aegon has announced that its Global Chief Technology Officer Mark Bloom is to depart the company on June 1 in pursuit of other opportunities. Bloom will have served in the role for over five years, leading Aegon's technology and innovation activities. He arrived at Aegon in 2016 as ... Read the full article

Aegon business sale blocked in Hungary

7th April 2021

Hungarian regulators have refused to give approval to the previously announced sale of Aegon’s Central and Eastern European operations to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). Under the €830 million deal, VIG had agreed to acquire Aegon’s insurance, pension, and asset management business in Hungary, Poland, Romania, and ... Read the full article

Aegon hires Will Fuller as President and CEO, Transamerica

11th March 2021

Aegon, a provider of life insurance, pensions and asset management, has appointed Will Fuller as President and Chief Executive Officer (CEO) of Transamerica and as a member of the Management Board. Fuller, formerly Executive Vice President of Lincoln Group, has just under 30 years experience in insurance, annuities, retirement plans and ... Read the full article

VIG to acquire Aegon’s Central and Eastern European operations

30th November 2020

Aegon, a provider of life insurance, pensions and asset management, has reached an agreement to sell its Central and Eastern European operations to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) for €830 million. The net proceeds represent a multiple of 2.6 times the book value on June 30th, 2020, and ... Read the full article

Aegon reportedly looking at sale of Eastern European business

27th October 2020

Aegon, a provider of life insurance, pensions and asset management, is considering a sale of its Eastern European business, according to reports from Reuters. Sources say the company is working with JP Morgan on the process and has already entered talks with potential buyers. The reasoning behind a sale would be to ... Read the full article

Aegon to offload Stonebridge for £60mn

9th October 2020

Aegon, a provider of life insurance, pensions and asset management, has announced the sale of Stonebridge, a UK-based provider of accident insurance products, for £60 million. The acquirer is London-headquartered Global Premium Holdings group, a subsidiary of Embignell group that provides a range of accident and sickness insurance policies. Stonebridge is a direct-to-consumer ... Read the full article