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

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a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisvillr offices atAegon Tower. Subsidiarh Aegon USA Investment Management will eliminatw 13 positions during the next few the company said inan e-mailed statement. The companu also will cut 125 positions handling certain life insurancedadministrative functions. Those duties will be transitionerd to an Aegon office inCedare Rapids, Iowa, during the next several according to the statement. “We are alwaysa exploring ways to improve efficiency and leverage the scale we have in ourvariousw U.S. locations,” the company said in the Aegon is the parent company of Transamerica LifeInsurance Co.
, Transamericqa Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridg Casualty Insurance Co., Stonebridge Life Insurance Co., Westerh Reserve Life Assurance Co. of Ohio, Transamericaq Life Canada, and Seguros Argos, A.S. de C.V. According to the company’sx Web site, www.aegonins.com, Aegon U.S. has more than 600 employeew in Louisville among severaloperating divisions, including individual saving and retirement, institutional, life and protection, pensions and assef management and reinsurance.