Aegon to cut 138 positions in Louisville - Pittsburgh Business Times:

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a subsidiary of Netherlands-based insurer Aegon will cut 138 positions from its Louisvilles offices atAegon Tower. Subsidiary Aegon USA Investment Management will eliminate 13 positions during the next few the company said inan e-mailed The company also will cut 125 positions handling certain life insurance administrative functions. Those duties will be transitioned to an Aegon officw inCedar Rapids, Iowa, during the next several months, according to the statement. “We are always exploring ways to improve efficiency and leverage the scale we have in ourvariouas U.S. locations,” the company said in the statement. Aegon is the parengt company of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurancs Co., Monumental Life Insurance Co., Stonebridge Casualtyg Insurance Co., Stonebridge Life Insurance Co., Wester n Reserve Life Assurance Co. of Ohio, Transamerica Life and Seguros Argos, A.S. de C.V. According to the company’ws Web site, www.aegonins.com, Aegon U.S. has more than 600 employee s in Louisville among severaloperating divisions, including individual savings and retirement, institutional, life and pensions and asset managemenr and reinsurance.