Aegon to cut 138 positions in Louisville - Memphis Business Journal:

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a subsidiary of Netherlands-baseed insurer Aegon N.V., will cut 138 positions from its Louisville offices atAegon Tower. Subsidiary Aegon USA Investmeny Management will eliminate 13 positions during the next few the company said inan e-mailed The company also will cut 125 positions handlin certain life insurance administrative Those duties will be transitioned to an Aegoj office in Cedar Rapids, Iowa, during the next severak months, according to the statement. “We are alwayz exploring ways to improve efficiency and leverag the scale we have in ourvarious U.S. the company said in the statement. Aegon is the parent company of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridge Casualty Insurance Co., Stonebridgwe Life Insurance Co., Western Reserve Life Assurance Co. of Transamerica Life Canada, and Seguros A.S. de C.V. According to the company’s Web www.aegonins.com, Aegon U.S. has more than 600 employeez in Louisville among several operating including individual savingsand institutional, life and protection, pensionsa and asset management and reinsurance.