Aegon NV (AEGN.AS)
NEW YORK/LONDON British insurance entrepreneur Clive Cowdery is raising money for a fourth investment vehicle, at the same time as his third, U.S.-focused fund is being wound down and its sole asset put up for sale, sources aware of the matter told Reuters.
NEW YORK/LONDON, Aug 10 British insurance entrepreneur Clive Cowdery is raising money for a fourth investment vehicle, at the same time as his third, U.S.-focused fund is being wound down and its sole asset put up for sale, sources aware of the matter told Reuters.
AMSTERDAM, Aug 10 Dutch insurer Aegon on Thursday beat market forecasts with a 23 percent increase in underlying pretax profit and said it had boosted its capital buffer.
* Q2 SALES EUR 3.94 BILLION VERSUS EUR 2.77 BILLION YEAR AGO
* AGREED TO SELL AEGON IRELAND PLC TO AGER BERMUDA HOLDING LTD
* HAS AGREED TO SELL UNIROBE MEEÙS GROEP (UMG) TO AON GROEP NEDERLAND FOR EUR 295 MILLION
(The following statement was released by the rating agency) LONDON/NEW YORK, August 03 (Fitch) Fitch Ratings has affirmed Aegon NV's (Aegon) primary North American life insurance subsidiaries' (referred here as Aegon Americas) and Edinburgh-based Scottish Equitable Plc's Insurer Financial Strength (IFS) Ratings at 'A+' (Strong) and Aegon's Long-Term Issuer Default Rating (IDR) at 'A-'. The Outlooks are Stable. A full list of ratings is available at the end of this commentary. KEY RATING DRIVERS
Atlas Merchant Capital LLC, the investment firm led by former Barclays Plc Chief Executive Officer Bob Diamond, is in advanced talks to acquire a Hartford Financial Services Group Inc annuity run-off business for between $3 billion and $3.5 billion, people familiar with the matter said on Thursday.
* UNDER TERMS OF AGREEMENT, AEGON'S TRANSAMERICA LIFE SUBSIDIARIES WILL REINSURE USD 14 BILLION OF LIABILITIES TO AFFILIATES OF WILTON RE US HOLDING INC
AMSTERDAM, June 28 Dutch insurer Aegon inadequately disclosed the costs of three types of investment-linked insurance policies between 1989 and 2004, a Dutch court ruled on Wednesday.