Dutch insurer Aegon (AEG +2.4%) will sell its U.S.-based Transamerica Reinsurance business to...


Dutch insurer Aegon (AEG +2.4%) will sell its U.S.-based Transamerica Reinsurance business to French reinsurer Scor for $900M - a fraction of what Aegon paid for Transamerica 12 years ago - as part of its plan to repay state aid. Analysts say the sale proceeds disappoint but are pleased that Aegon is ready to free itself from the government lifeline. (PR)

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