AEGON announces measures to sharpen focus on core activities: life insurance, pensions and asset management.
- AEGON to explore strategic options for life reinsurance business, including identifying suitable buyer
- Restructuring of UK businesses aimed at improving returns by targeting cost reductions of 25% in life and pensions operations
- Measures part of broader efforts to increase long-term returns and improve risk profile
- AEGON’s aims to become “a leader in all its chosen markets by 2015”
- CEO Alex Wynaendts provided further details at Analyst & Investor Conference in London.
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