Tuesday, October 13, 2009

 

Aegon to raise $650 mln from life business

Dutch insurer Aegon (AEGN.AS) will make an extra $650 million in regulatory capital available to its U.S. operations by tapping future life insurance profits in a 10-year transaction with JPMorgan Chase (JPM.N).

Aegon said on Tuesday the deal is tied to a book of life insurance business. The company owns the U.S. insurer Transamerica, as well as other smaller brands...

Reuters: Aegon to raise $650 mln from life business

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