Aegon NV agreed to buy BlackRock Inc.’s U.K. defined-contribution pension business to bolster its position in the country’s workplace-savings market. The deal will transfer 12 billion pounds ($17.6 billion) of assets under management and 350,000 customers to the Hague-based company, …
Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., agreed to sell two-thirds of its U.K. annuity portfolio to Rothesay Life Ltd., helping to boost capital buffers under new regulations. Aegon will initially reinsure 6 billion pounds ($8.5 billion) …
Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., fell in Amsterdam trading after decline in U.S. income pushed down fourth-quarter pre-tax earnings. The stock dropped as much as 4.5 percent and was down 3.2 percent as of 10:25 …
Allianz has agreed to acquire the commercial P&C portfolio of Aegon in the Netherlands. Details of the transaction were not disclosed. Allianz’s P&C market share in the Netherlands will rise from 4.4 percent to 5.0 percent with this transaction, said …
Aegon NV jumped the most in almost six years after saying it plans to buy back 400 million euros ($432 million) of shares and cut costs to improve its return on equity. The Dutch owner of insurer Transamerica Corp. announced …
The Dutch government plans to float ASR Nederland, a former insurance arm of the Belgian financial group Fortis, next year rather than try to find a buyer for the business. ASR, a life and property insurer, reported a book value …
Standard & Poor’s Ratings Services has revised its outlook on AEGON N.V. and its operating subsidiaries to stable from negative, and has affirmed the ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on AEGON’s core subsidiaries and the ‘A-/A-2’ …
France’s SCOR Group announced that it has finalized the acquisition of the mortality portfolio, including the operational assets and personnel, of Transamerica Re, a division of The Netherlands-based AEGON. SCOR said it “has obtained all the necessary approvals from the …
French reinsurer SCOR is set to pay $913 million for most of Dutch insurer Aegon’s Transamerica Reinsurance operations. When concluded, the combined companies would become the second largest life reinsurer in the U.S. Aegon, which has been winding down and …
Dutch bancassurer ING outlined plans for the expected early repayment of state aid it received during the credit crunch, further evidence of the Dutch financial sector’s recovery from the crisis. ING said on Monday that by May 2011 it will …
