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Aegon N.V.
AEGON Buys 50% Stake in Caixa Terrassa's Life Insurance and Pension Unit
September 12th, 2008
AEGON has signed a life insurance, pension and health joint venture agreement with savings bank Caixa Terrassa, further strengthening the Group's position in the Spanish market. The partnership gives AEGON access to the north-eastern region Catalonia, one of Spain's wealthiest and more dynamic areas with a population of more than seven million. Caixa Terrassa serves approximately 500,000 customers and is one of the largest savings banks in Catalonia. Last year, Caixa Terrassa's life insurance, pension and health unit Caixa Terrassa Vida wrote almost EUR 215 million in gross premiums. As a result of this new partnership, AEGON will become the sixth largest life insurer...
Source: Health Business Week (2008-09-12)
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