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Our history

Aegon's heritage dates to 1844, when a funeral association in Leeuwarden in the Netherlands was founded.

 

The next 140 years saw a range of insurance and investment businesses evolve in the Netherlands.

The name Aegon originated in 1983, when two Dutch insurance companies (AGO and ENNIA) merged to become the second largest insurer in the Netherlands. Throughout the 1980s Aegon accelerated its international expansion, including in the US, where it bought the Baltimore-based life insurer Monumental Corporation in 1986. By 1988 Aegon had brought its growing US business together under a single name: Aegon USA, with its headquarters in Cedar Rapids, Iowa.

 

In 1999 Aegon acquired Transamerica, one of the best-known insurers in the United States, and a company with a rich history of its own.

Timeline

Date

Description
1988

Aegon created a dedicated investment business in the Netherlands with the formation of Aegon Investment Management BV, which later became known as Aegon Asset Management.
1989

Aegon USA Investment Management, Inc. and Aegon USA Realty Advisors, Inc. formed.
1993

Aegon bought a 40% stake in the Scottish Equitable Life Assurance Society in the UK, later raising its stake to 100% in 1998. The investment division became Scottish Equitable Asset Management, which later rebrands as Kames Capital in 2011.
2003

Aegon acquired TKP, a Dutch fiduciary manager and pension administrator. The services offered under the TKP Investments brand later became part of Aegon AM.
2008

Aegon-Industrial Fund Management Co. (AIFMC) was established, a Chinese joint venture in which Aegon Asset Management has a 49% stake.
2011

Aegon AM becomes signatory to Principles for Responsible Investment.
2015

Aegon AM acquired a 25% stake in La Banque Postale Asset Management in France.
2018

Aegon AM established a common executive management team to oversee its principal European business units.
2019

Bas NieuweWeme joined as Chief Executive and announced the integration of Aegon AM’s regional investment businesses to create a global organization.
2020

Aegon AM’s global integration took effect from February, with capabilities organised around four global investment platforms. In September the Kames Capital and TKPI brands were retired to align global capabilities around the Aegon AM brand.

 

Aegon AM established a Wholly Foreign Owned Enterprise (WFOE) in the Chinese market. The WFOE will offer Chinese institutions and high-net-worth investors Aegon AM’s range of investment products.