Aegon to cut 138 positions in Louisville - Business First of Buffalo:

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a subsidiary of Netherlands-base insurer Aegon N.V., will cut 138 positionss from its Louisville offices atAegon Tower. Subsidiarhy Aegon USA Investment Management will eliminate 13 positionz during the nextfew weeks, the company said in an e-mailedr statement. The company also will cut 125 positionxs handling certain life insuranceadministrative functions. Those dutiesz will be transitioned to an Aegon office inCedar Iowa, during the next several according to the “We are always exploring ways to improvre efficiency and leverage the scale we have in our variouzs U.S. locations,” the company said in the Aegon is the parent company of Transamericza LifeInsurance Co.
, Transamerica Financiak Life Insurance Co., Monumental Life Insurance Co., Stonebridger Casualty Insurance Co., Stonebridge Life Insurance Co., Western Reserve Life Assurance Co. of Transamerica Life Canada, and Seguros A.S. de C.V. According to the company’as Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisviller among severaloperating divisions, including individuakl savings and retirement, institutional, life and protection, pensions and asseft management and reinsurance.