Aegon has agreed to sell its Dutch pension, life and non-life insurance, banking, and mortgage origination businesses to ASR Nederland (a.s.r or ASR), a Netherlands-based insurance group, in a deal worth $4.9 billion. The sale proceeds for the Dutch insurance giant will include $2.52 billion in cash and a 29.99% stake in ASR. The transaction […]
Dutch life insurer Aegon has agreed to divest its 50% stake in its insurance joint venture (JV) with Liberbank in Spain to Unicaja Banco, a Spanish savings bank, for €177 million. The transaction comes after the change of control in Liberbank following its merger with Unicaja Banco, which was announced last year and wrapped up […]
Aegon said that the Budapest Metropolitan Court has rejected the company and Vienna Insurance Group AG Wiener Versicherung Gruppe’s (VIG) joint appeal challenging the Hungarian Interior Ministry’s decision to block their previously announced transaction. The deal in question involves the proposed sale of Dutch insurance group Aegon’s insurance, pension, and asset management business in Hungary, […]
The European Commission (EC) has approved the €830 million sale of Dutch insurance group Aegon’s Central and Eastern European (CEE) businesses to Vienna Insurance Group Wiener Versicherung Gruppe (VIG). The deal, which was announced in November 2020, has been granted the competition law clearance by the European regulator. Vienna Insurance is in the process of […]
Aegon has wrapped up the previously announced sale of Stonebridge, a UK-based provider of accident insurance products, to Global Premium Holdings, for about £60 million. Headquartered in London, Global Premium Holdings is part of Embignell group. Global Premium Holdings provides a range of accident and sickness insurance policies. The deal was signed in October 2020. […]
Dutch insurance group Aegon has agreed to sell its insurance, pension, and asset management business in Hungary, Romania, Poland, and Turkey for €830 million to Vienna Insurance Group Wiener Versicherung Gruppe (VIG). The sale of the Central and Eastern European businesses will simplify the footprint of Aegon, while consolidating its balance sheet. Lard Friese – […]
Dutch life insurance company Aegon has agreed to sell Stonebridge, a UK-based provider of accident insurance products, to Global Premium Holdings for a price of around £60 million. Stonebridge is a direct to consumer insurer, which specializes in accidental death and hospitalization products. The company is claimed to offer policies to almost 200,000 customers in […]