Aegon:
AEGON N.V. (Euronext: AGN, NYSE: AEG) is one of the world’s largest life insurance and pension groups, and a strong provider of investment products. AEGON's head office is in The Hague, the Netherlands. Mid 2008, AEGON companies employed about 35,500 people worldwide.
Headquarters building and square in The Hague
AEGON's businesses focus on life insurance and pensions, savings and investment products. The group is also active in accident and supplemental health insurance and general insurance, and has limited banking activities. AEGON's businesses serve about 40 million customers,[citation needed] with major operations in the United States (where it is heavily represented through World Financial Group), the Netherlands and the United Kingdom. In addition, the group is present in a number of other countries including Canada, Hungary, Romania, Slovakia, Spain, China Taiwan and India.
On August 13, 2007, AEGON and Merrill Lynch announced a strategic business partnership in the areas of life insurance and investment products. As part of the relationship, AEGON acquired two of Merrill Lynch's life insurance companies for US$1.3 billion. [1]
On April 23, 2008, Alex Wynaendts succeeded the retiring Donald J. Shepard as Chairman of the Executive Board and CEO of AEGON N.V. following the Group's Annual General Meeting of Shareholders. Donald Shepard announced his retirement in November 2007, after six years as Chairman. [2]
On October 28 2008, the Dutch government and De Nederlandsche Bank agreed to give AEGON a €3 billion capital injection to create a capital buffer in exchange for convertable bonds to ease the group through the financial crisis.[3]
[edit] AEGON and A.F.C. Ajax
In 2008, AEGON became the offical sponsor of the Dutch soccer team Ajax Amsterdam, in a deal which will last for seven years.[4] Ajax's uniform now features the AEGON logo across the chest. AEGON becomes the third sponsor of Ajax (TDK sponsored Ajax in the 1980's, and ABN-AMRO sponsored the team from 1990 till 2008.
[edit] Primary subsidiairies
- Transamerica Corporation
- Diversified Investment Advisors
- World Financial Group
- Western Reserve Life Assurance Co. of Ohio
- Stonebridge Life Insurance Company
- Life Investors Insurance Company of America
- Monumental Life Insurance Company
- Peoples Benefit Life Insurance Company [5]
- Guardian Financial Services (formally known as The Guardian Royal Exchange Group)
- Scottish Equitable of United Kingdom
- AEGON TU na Życie S.A. / Aegon Powszechne Towarzystwo Emerytalne S.A.
- Banamex (Biggest Bank in Mexico)
- Merrill Lynch Insurances
[edit] References
[edit] External links
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