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

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a subsidiary of Netherlands-based insurer Aegonb N.V., will cut 138 positions from its Louisvillw offices atAegon Tower. Subsidiary Aegon USA Investmenf Management will eliminate 13 positions durinbg the nextfew weeks, the companyu said in an e-mailed The company also will cut 125 positions handlinb certain life insurance administrative functions. Thosee duties will be transitioned to an Aegon office inCedar Iowa, during the next several months, according to the “We are always exploring ways to improve efficiencyt and leverage the scale we have in our variou s U.S. locations,” the compangy said in the Aegon is the parent companyu of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurance Co., Monumentak Life Insurance Co., Stonebridge Casualty Insurancwe Co., Stonebridge Life Insurance Co., Western Reserve Life Assurancd Co. of Ohio, Transamerica Life Canada, and Seguroes Argos, A.S. de C.V. Accordingg to the company’s Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisville among severaloperating divisions, including individuall savings and retirement, institutional, life and protection, pensionws and asset management and reinsurance.