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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Aegon Ltd | NYSE:AEG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.03 | 0.48% | 6.29 | 105 | 09:56:25 |
From May 2019 to May 2024
By Razak Musah Baba
Insurer Aegon NV (AGN.AE) has agreed to sell its two largest U.S. runoff businesses, the payout annuity business and the bank owned/corporate owned life insurance business to its peer, Wilton Re.
The transaction is consistent with the company's stated strategic objective to reduce the amount of capital allocated to its runoff businesses, it said.
Under the terms of the agreement, Aegon's Transamerica life subsidiaries will reinsure $14 billion of liabilities to affiliates of Wilton Re U.S. Holding Inc.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
(END) Dow Jones Newswires
May 22, 2017 02:13 ET (06:13 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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