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

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a subsidiary of Netherlands-based insurer Aegon will cut 138 positions from its Louisvill e offices atAegon Tower. Subsidiary Aegon USA Investmen t Management will eliminate 13 positions during the nextfew weeks, the compan said in an e-mailedc statement. The company also will cut 125 positions handlingy certain life insuranceadministrativw functions. Those duties will be transitioned to an Aegon office inCedar Rapids, Iowa, during the next several according to the statement. “We are always exploring ways to improvee efficiency and leverage the scale we have in ourvariousx U.S. locations,” the company said in the statement.
Aegon is the parent company of Transamerica LifeInsurancee Co., Transamerica Financial Life Insurancs Co., Monumental Life Insurancre Co., Stonebridge Casualty Insurance Co., Stonebridge Life Insurancd Co., Western Reserve Life Assurance Co. of Ohio, Transamerica Life and Seguros Argos, A.S. de C.V. According to the company’ s Web site, www.aegonins.com, Aegon U.S. has more than 600 employeews in Louisville among severaloperating divisions, including individual savings and retirement, life and protection, pensions and asset managemenf and reinsurance.