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02 February 2010

AEGON Sells Dutch Funeral Insurance Business

AEGON has announced the sale of its funeral Insurance Business in the Netherlands to Dutch investment firm Egeria for 212 million euros.

"We continue to look at our businesses to ensure that they are a good fit with our strategy." said Marco Keim, the member of AEGON's Management Board responsible for the Netherlands.

"Our objective is to have an effective range of products so that we can meet our customers' needs in the best way possible. Above all, we want to focus on what our customers want in the key areas life and non-life insurance, pensions, savings and investments. Furthermore, we are pleased that the employees of AEGON NabestaandenZorg will be in good hands."

Under the agreement, the nineteen employees affected by the sale will retain their jobs.

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