Reinsurance News
Aegon
Aegon sees no material adverse impacts on claims ratios from COVID-19
19th March 2020
Aegon, a provider of life insurance, pensions and asset management, has said that at this point, it has observed no material adverse impacts on claims ratios as a result of the COVID-19 outbreak. The announcement comes as part of an update on Aegon's capital position in light of the impact of ... Read the full article
Lard Friese proposed as Wynaendts successor as Aegon CEO
12th August 2019
The Supervisory Board of Aegon has announced its intention to propose the appointment of Lard Friese as Chief Executive Officer (CEO) to the Annual General Meeting (AGM) of Shareholders, succeeding Alex Wynaendts. Friese will rejoin the firm as CEO-designate effective March 1st, 2020 and will succeed Wynaendts at the AGM to ... Read the full article
Aegon to divest last block of U.S. life reinsurance business to SCOR
7th August 2018
Aegon has announced an agreement to divest the last substantial block of its life reinsurance business to SCOR Global Life, a division of French domiciled reinsurer SCOR. The latest transaction is consistent with Aegon's strategic objective to lower the volume of capital allocated to its run-off businesses. Under the agreement, Aegon's Transamerica ... Read the full article
SCOR to reinsure block of Aegon’s life reinsurance business
28th December 2017
Aegon has announced an agreement to divest a block of life reinsurance business to French reinsurer SCOR, and also revealed that it is to dissolve a related captive insurance firm. Under the agreement, Aegon's Transamerica life subsidiaries will reinsure $750 million of liabilities to SCOR, which covers roughly 50% of the ... Read the full article
Aon Netherlands completes acquisition of UMG from Aegon
1st November 2017
Aon Groep Nederland, the Netherlands subsidiary of global insurance and reinsurance broker Aon, has completed the acquisition of Unirobe Meeus Group (UMG) from Aegon, for €295 million (US$343 million). The transaction includes the whole of UMG and strengthens Aon's position in the Netherlands marketplace, improving its presence in the SME and ... Read the full article
Aon Netherlands to acquire UMG from Aegon for €295 million
8th August 2017
Netherlands-based subsidiary of insurance and reinsurance brokerage Aon, Aon Groep Nederland, has announced that it will acquire Unirobe Meeùs Groep (UMG) from Aegon for €295 million (US$348.4 million). The deal is expected to close in the fourth-quarter of this year, and remains subject to council advice and approval from Dutch regulators. The ... Read the full article
Aegon completes sale of two run-off businesses to Wilton Re
29th June 2017
Global insurance and financial services specialist Aegon has completed the sale of its two largest U.S. run-off insurance businesses to Wilton Re, the U.S. life reinsurance firm that specialises in the acquisition of in-force portfolios. In a transaction first announced back in May, Aegon has sold its payout annuity business ... Read the full article
Aegon selling its two largest US run-off businesses to Wilton Re
22nd May 2017
Global insurance and financial services specialist Aegon is selling its two largest U.S. run-off insurance businesses to Wilton Re, the U.S. life re/insurer that specialises in the acquisition of in-force portfolios. Aegon is selling its payout annuity business and Bank Owned / Corporate Owned Life Insurance business (BOLI/COLI), to Wilton Re, ... Read the full article
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