AEGON N.V. Announces Delay in Disclosure of Q3 Account Settlement for FY Ending December 2009
November 12, 2009 |
| AEGON N.V. announced that it has delayed the disclosure of its third quarter account settlement for the fiscal year ending December 2009, as it required a longer time for the translation of performance information. The Company will submit the settlement on December 19, 2009. |
AEGON N.V. To Revamp Dutch Sales Operations-DJ
November 3, 2009 |
| Dow Jones reported that AEGON N.V. said that it will revamp the sales operations of its Dutch business, in a move which should result in EUR15 million annual cost-savings. Restructuring costs will amount to EUR20 million. The restructuring will result in EUR15 million annual cost-savings. The job-cuts include forced redundancies. |
AEGON NV Releases USD 650 Million of Capital as Part of its Capital Preservation Program
October 13, 2009 |
| AEGON NV announced that it has completed a capital management transaction that will make available approximately USD 650 million of additional regulatory capital to its United States operations. The transaction, which has an initial size of USD 900 million, serves to realize the value of a portion of future profits associated with an existing book of traditional life business. The term of the transaction between AEGON and JPMorgan Chase Bank is 10 years. Between the third quarter of 2008 and the second quarter of 2009, AEGON released EUR 3.3 billion of capital from its businesses and is committed to exploring additional capital preservation initiatives. |
AEGON N.V. Completes Sale of Taiwanese Life Insurance Activities To Zhongwei Company-Complete Story
August 31, 2009 |
| AEGON N.V. announced that it has completed the sale of its Taiwanese life insurance business to Zhongwei Company. |
AEGON N.V. and Sony Life Insurance Co., Ltd. Gains Final Approval to Lunch Business in Japan
August 27, 2009 |
| AEGON N.V. announced that the Company and Sony Life Insurance Co., Ltd. has obtained final approval from the Japanese regulatory authorities to launch business operations in 2009. The 50-50 joint venture - known as AEGON Sony Life Insurance Co., Ltd. (ASLIC)- will initially focus on the sale of variable annuity products which will be distributed through Sony Life's LIFEPLANNER sales employees, as well as banks and other financial institutions. ASLIC is expected to begin operations in early December. |
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