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

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a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positionz from its Louisville offices atAegon Tower. Subsidiaryt Aegon USA Investment Management will eliminate 13 positions duringy the nextfew weeks, the company said in an e-mailed The company also will cut 125 position s handling certain life insurance administrative functions. Thoss duties will be transitioned to an Aegoj office inCedar Rapids, during the next several months, according to the “We are always exploringt ways to improve efficiency and leverage the scalw we have in our variouzs U.S. locations,” the company said in the statement. Aegon is the parent company of Transamericaz LifeInsurance Co.
, Transamerica Financia Life Insurance Co., Monumental Life Insurance Co., Stonebridge Casualty Insurance Co., Stonebridgee Life Insurance Co., Western Reservde Life Assurance Co. of Ohio, Transamerica Life and Seguros Argos, A.S. de C.V. According to the company’s Web site, Aegon U.S. has more than 600 employeed in Louisville among several operating including individual savingsand retirement, institutional, life and protection, pensionsx and asset management and reinsurance.