Reinsurance News
Aegon
Aegon reports strong operating capital growth of 16% in Q3’23
17th November 2023
Aegon, a Netherlands-headquartered multinational life insurance, pensions and asset management company, has released its trading update for the third quarter of 2023, stating operating capital generation, before holding funding and operating expenses, increased by 16% compared to the same period in 2023, reaching €354 million. This growth can be attributed to ... Read the full article
Aegon to nominate Albert Benchimol as non-exec Board member
15th November 2023
Life insurer and asset manager Aegon, is planning to nominate Albert Benchimol to be appointed as a non-executive member of the Board of Directors, a proposal to be made to its 2024 Annual General Meeting. Once elected, Benchimol’s appointment would be effective as of the end of the meeting and for ... Read the full article
Aegon shareholders approve first step in redomiciliation to Bermuda
29th September 2023
Aegon, a leading international insurance and financial services company, received shareholder approval for the initial phase of its redomiciliation to Bermuda at an Extraordinary General Meeting (EGM). The decision, which represents a pivotal strategic shift for the company, was made during the EGM, where shareholders also voted in favour of several ... Read the full article
Aegon completes combination with a.s.r. and announces share buyback program
4th July 2023
Aegon, a Netherlands-headquartered multinational life insurance, pensions and asset management company, has announced the successful completion of its merger with a.s.r., a prominent Dutch insurance company. This strategic combination brings together Aegon's extensive portfolio, including pension, life and non-life insurance, banking, and mortgage origination activities, with a.s.r.'s established presence in the ... Read the full article
Aegon to shift legal domicile to Bermuda
30th June 2023
Life insurer and asset manager Aegon has announced it is transferring its legal domicile to Bermuda. Its headquarters will remain in the Netherlands and it will also stay a Dutch tax resident. The group’s supervision will move from the Dutch Central Bank (DNB) to the Bermuda Monetary Authority (BMA). This, according to ... Read the full article
Aegon reports strong operating capital growth of 5% in Q1’23
18th May 2023
Aegon, a Netherlands-headquartered multinational life insurance, pensions and asset management company, has released its trading update for the first quarter of 2023, stating operating capital generation, before holding funding and operating expenses, increased by 5% compared to the same period in 2022, reaching €292 million. This growth can be attributed to ... Read the full article
Aegon UK sells its individual protection book to Royal London
5th April 2023
Life insurer and asset manager Aegon has announced today the sale of its UK individual protection book to Royal London. The transaction will support Aegon’s ongoing strategy to focus on the core Retail and Workplace platform activities in the UK, as part of the firm’s ambition to create leading businesses in ... Read the full article
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