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Aegon recognized for innovation in pensions and risk

The Hague, June 29, 2012

Aegon has again been recognized as a leader in innovative solutions to meet the needs of its customers with the winning of three industry awards in the past week.

Aegon received the Life Transaction of the Year award sponsored by Trading Risk, a publication covering risk trading in the insurance industry that "celebrates excellence and innovation in the sector." This award, presented on June 21 in London, was based on a transaction with Deutsche Bank last February to partially offset company risk related to increasing longevity and the resulting longer durations of pension payments.

This transaction was the first of its kind in continental Europe, and it increases the protective element of pension products as Aegon combines its resources and shared knowledge to provide long-term solutions for customers.

Pension Provider of the Year Award

And for the third consecutive year, Aegon Global Pensions won the prestigious Pension Provider of the Year Award at a ceremony in London on June 27. The European Pensions Innovation Award was also given to Aegon that evening for its groundbreaking work in longevity insurance.

The Innovation Award is a new category launched this year that recognizes companies that have brought innovation and creative solutions to the pensions market during a time of market volatility. There is growing demand from pension funds for longevity solutions, and Aegon is leading the way with transactions such as the one with Deutsche Bank.

"It's wonderful to see the industry recognize what we have done as ONE Aegon from the reinsurance and banking side with the Trading Risk Award, and also from the pension provider side with the European Pensions Award," said Chris Madsen, Head of Risk Structuring and Transfer at Aegon N.V.

Aegon Global Pensions has worked with multinational companies and their advisors to develop and implement effective pension solutions, both centralized and on a country-by-country basis. Since winning the Pension Provider of the Year Award in 2011, Aegon Global Pensions has carried out in-depth research into pensions in Europe.

Frans van der Horst, Managing Director of Aegon Global Pensions said, ''These awards confirm the breadth and depth of Aegon's capabilities in European pensions. We work very closely with multinational companies to fully understand their needs and to assist them with their managing their pensions. We approach pensions from the viewpoint of our clients, and we work together to develop and implement the solutions they require."

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