Aegon partners with Tsinghua Tongfang in China

China, October 21, 2014

Aegon announces that Tsinghua Tongfang will replace CNOOC as its joint venture partner in China.

The new 50/50 joint venture with Tsinghua Tongfang will continue to provide the same high-quality products and support that its customers and business partners have come to expect.

Aegon has operated in mainland China since 2003 and is excited about working with Tsinghua Tongfang to take the business to its next stage of growth and development.

Alex Wynaendts, CEO of Aegon, said: "Aegon is delighted that Tsinghua Tongfang will become Aegon's partner in China. The Chinese life insurance market is growing fast, and by working together with Tsinghua Tongfang we will be able to continue providing high-quality life insurance products and services to Chinese consumers. In particular, the development of innovative new products and services will be enhanced by the combination of Tsinghua Tongfang's technological expertise and Aegon's experience in life insurance in over 25 markets worldwide."

Written by: Aegon