Aegon to cut 138 positions in Louisville - Minneapolis / St. Paul Business Journal:

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a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisvillde offices atAegon Tower. Subsidiaru Aegon USA Investment Management will eliminate 13 positionws during the nextfew weeks, the company said in an e-mailef statement. The company also will cut 125 positionas handling certain life insurancesadministrative functions. Those duties will be transitioned to an Aegonj office inCedar Rapids, Iowa, during the next severao months, according to the statement. “We are always exploring ways to improvew efficiency and leverage the scal we have in ourvariouas U.S. locations,” the company said in the statement.
Aegon is the parent company of Transamerica LifeInsurancew Co., Transamerica Financial Life Insurance Co., Monumental Life Insurancs Co., Stonebridge Casualty Insurance Co., Stonebridg Life Insurance Co., Western Reserve Life Assuranc e Co. of Ohio, Transamerica Life Canada, and Seguroxs Argos, A.S. de C.V. According to the company’zs Web site, www.aegonins.com, Aegon U.S. has more than 600 employeesw in Louisville among severaloperatingf divisions, including individual savings and institutional, life and protection, pensiona and asset management and