Aegon NV News

AEGON chief executive Otto Thoresen has ruled himself out as a contender to succeed Sir Sandy Crombie as chief executive at Standard Life.

AEGON USA in Cedar Rapids is eliminating about 50 jobs in its investments division, but reportedly plans to transfer work to Cedar Rapids from Louisville later this year.

Aegon U.S., a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisville offices at Aegon Tower.

U.S. sales of fixed annuities were an estimated $34.9 billion in first quarter 2009 according to new data from the Beacon Research Fixed Annuity Premium Study, based on sales of 53 insurance companies representing an estimated 86% of the market .

This year will be a challenging one for European insurers and reinsurers, according to reports by credit rating agencies Standard & Poor's Corp.

THE life insurance sector in Scotland is in a unique position to help forge changes in the industry that would give customers a better deal, a key industry figure has claimed.

Credit Agricole SA, Francea s second- largest bank, reported a decline in first-quarter profit that exceeded analystsa estimates as provisions for risky loans climbed and its Greek unit posted losses.

More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient.

WELCOME to scotsman.com's Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.

Markets in Germany and France closed nearly flat. Richemont surged 6% after it reported better than expected earnings.

SLOWDOWN:: Another insurer, Prudential, also reported that revenue in the first quarter dropped as the economic downturn affected sales in Asia AP AND BLOOMBERG, AMSTERDAM Friday, May 15, 2009, Page 10 Dutch insurer Aegon NV, which has the bulk of its operations in the US, yesterday reported a 173 million euro loss for the first quarter, citing ...

BUYINS.NET / www.squeezetrigger.com is monitoring the performance of all stocks with earnings being released Thursday, May 14th and determining how the stocks have performed after their last 12 quarterly, 6 quarterly and May earnings reports.

Aegon NV of the Netherlands is to sell its unprofitable Taiwanese life insurance unit to Zhongwei Company Ltd.

STRATEGIC PRIORITIES: The Dutch insurer has agreed to transfer its local business to Taipei-based Zhongwei, which for now will retain the name and its employees By Kevin Chen STAFF REPORTER Thursday, Apr 23, 2009, Page 12 Following in the footsteps of Prudential PLC and ING Groep NV, Aegon NV announced yesterday it would sell its Taiwanese life ...

WITH corporate news grinding to a virtual standstill last week, veteran commentator David Buik attempted to rekindle a City favourite, inviting bets on who will replace Sandy Crombie at Standard Life.

In an April 8 story about life insurers, The Associated Press reported erroneously that regulators approved applications earlier this year from Genworth Financial, Prudential Financial and Aegon NV to become thrift holding companies so they could gain access to the Treasury Department's bank rescue fund.

Shares of large U.S. life insurance companies surged Wednesday following news they may receive aid from the government's $700 billion financial industry rescue program.

A Chinese crew fought off Somali pirates using homemade Molotov cocktails while a Filipino crew showered the pirates' path with old oil drums and wooden pallets.

INSURANCE giant Aegon has reported a 2008 net loss of A 1.02 billion, after being hit by asset writedowns.

Dutch insurer Aegon NV reported a net loss of $1.53 billion in the fourth quarter, due mostly to falling values of investments.