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By Sean Somerville and Sean Somerville,SUN STAFF | February 19, 1999
Donald J. Shepard's job just grew.Aegon NV's $10.8 billion purchase of Transamerica Corp. will give the chairman and chief executive officer of Aegon USA substantial responsibility over what will be the nation's third-largest life insurer.The deal calls for Transamerica Chairman Frank C. Herringer to take a seat on Aegon's board and oversee consumer finance, leasing and real estate for the group. Shepard, 52, will oversee the combined insurance operations in the United States and the rest of the Americas, comprising about 13,500 of the new company's 20,000 employees.
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BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | March 30, 2002
Aegon NV executive Donald J. Shepard, the Baltimore man who next month takes over as chief executive officer of the Dutch insurance giant, last year was paid nearly 50 percent more than the man he is to succeed, according to the company's annual report. Shepard, currently chairman and CEO of Aegon USA Inc., received nearly $2.4 million last year. That was down about 9 percent from what he was paid the year before, but was still about 48 percent more than current Aegon NV Chairman and CEO Kees J. Storm was paid, the annual report states.
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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | January 13, 1999
Aegon USA Inc., the Baltimore unit of Dutch insurance giant Aegon NV, said yesterday that it signed a definitive agreement to sell auto insurer Worldwide Insurance Co. and its property and casualty subsidiaries.Aegon USA said it will sell the company to Cincinnati-based American Financial Group for $162 million.The sale is expected to close at the end of March, and it is subject to regulatory approvals.Aegon USA decided to sell Worldwide because it didn't fit with the company's product line.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | November 9, 2001
The man chosen as the new head of Dutch insurance conglomerate Aegon NV is described by colleagues as a brilliant financial analyst, consummate delegator and political pragmatist who can negotiate a billion-dollar merger one day and discuss fly-fishing and hunting with local guides the next. But the thing that caught the attention of the world financial community most yesterday was that Donald J. Shepard is from the United States - Baltimore, in fact - making him one of just a few American executives in recent memory to be named to the top post of a European financial institution with worldwide reach.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | July 22, 1999
Aegon NV, the big Dutch insurance conglomerate with U.S. headquarters in Baltimore, completed its $10.8 billion stock and cash acquisition of Transamerica Corp., a San Francisco-based insurance giant, yesterday.The purchase created the third-largest life insurance company in the United States.Aegon USA, which operates the Monumental Division and the Aegon Special Markets Group, plans to shift its headquarters to San Francisco from Baltimore as a result of the deal. However, few of the 800 employees in Baltimore will be affected, Aegon said.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | March 30, 2002
Aegon NV executive Donald J. Shepard, the Baltimore man who next month takes over as chief executive officer of the Dutch insurance giant, last year was paid nearly 50 percent more than the man he is to succeed, according to the company's annual report. Shepard, currently chairman and CEO of Aegon USA Inc., received nearly $2.4 million last year. That was down about 9 percent from what he was paid the year before, but was still about 48 percent more than current Aegon NV Chairman and CEO Kees J. Storm was paid, the annual report states.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF Bloomberg News contributed to this article | August 14, 1998
Dutch insurer Aegon NV, which has its U.S. headquarters in BTC Baltimore, said yesterday that its second quarter net income rose about 25 percent in U.S. dollars as the company continued to benefit from its acquisition of Providian Corp.Net income for the quarter was $328 million, up from $262 million in the year-ago quarter. Net income per share was 56 cents, up 17 percent from 48 cents a year earlier, as revenue increased 32 percent, to $4.58 billion from $3.47 billion.The company said that in the six-month period, the Providian acquisition boosted net income per share by about 16 percent, while it more than doubled total income from the Americas to $470 million.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | March 20, 1998
Aegon N.V., the large Dutch insurance company with its U.S. headquarters in Baltimore, said yesterday that fourth-quarter net income increased 32 percent as the company continued to benefit from its acquisition of Providian Corp.Net income was $358 million, up from $272 million in the year-earlier quarter. Total revenue was $4.29 billion, up 18 percent from $3.64 billion. Earnings per share were $1.25, up 23 percent from $1.02."In 1997, we have surpassed all our previous records," said Aegon N.V. Chairman Kees Storm.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF Bloomberg News contributed to this article | May 15, 1998
Dutch insurer Aegon NV, which has its U.S. headquarters in Baltimore, said yesterday that its net income rose 46 percent in the first quarter fueled by an acquisition and strong performance in the Americas.Aegon reported net income of $316 million, or 648 million guilders, for the first quarter that ended March 31, compared with net income of $216 million, or 403 million guilders for the same period a year ago.The company made $1.09 a share in the quarter, up 33 percent from the 82 cents made in the 1997 quarter.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | November 14, 1997
Aegon N.V., the large Dutch insurance company with its U.S. headquarters in Baltimore, said its third-quarter profit jumped 26.2 percent, fueled by an acquisition, big gains from its North American operations and a growing life insurance business.Aegon reported net income of $294 million, or 594 million guilders, for the quarter ended Sept. 30, compared with net income of $233 million, or 389 million guilders for the corresponding quarter a year earlier.The company's net income per share in the 1997 quarter was $1.02, compared with 88 cents a year earlier.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | July 22, 1999
Aegon NV, the big Dutch insurance conglomerate with U.S. headquarters in Baltimore, completed its $10.8 billion stock and cash acquisition of Transamerica Corp., a San Francisco-based insurance giant, yesterday.The purchase created the third-largest life insurance company in the United States.Aegon USA, which operates the Monumental Division and the Aegon Special Markets Group, plans to shift its headquarters to San Francisco from Baltimore as a result of the deal. However, few of the 800 employees in Baltimore will be affected, Aegon said.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | June 10, 1999
European regulators approved the purchase of Transamerica Corp. by Netherlands-based insurance giant Aegon NV yesterday, keeping the takeover on track for a July completion after it clears regulatory hurdles in the United States.The executive agency of the European Union approved the purchase during a meeting in Brussels, Belgium, releasing a statement saying the deal "does not create or strengthen a dominant position" and thus is not a threat to fair competition in European markets."It's really just one step on the long track left to go," said Mary Voeten, a spokeswoman at Aegon's headquarters in The Hague.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | February 19, 1999
Donald J. Shepard's job just grew.Aegon NV's $10.8 billion purchase of Transamerica Corp. will give the chairman and chief executive officer of Aegon USA substantial responsibility over what will be the nation's third-largest life insurer.The deal calls for Transamerica Chairman Frank C. Herringer to take a seat on Aegon's board and oversee consumer finance, leasing and real estate for the group. Shepard, 52, will oversee the combined insurance operations in the United States and the rest of the Americas, comprising about 13,500 of the new company's 20,000 employees.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | January 13, 1999
Aegon USA Inc., the Baltimore unit of Dutch insurance giant Aegon NV, said yesterday that it signed a definitive agreement to sell auto insurer Worldwide Insurance Co. and its property and casualty subsidiaries.Aegon USA said it will sell the company to Cincinnati-based American Financial Group for $162 million.The sale is expected to close at the end of March, and it is subject to regulatory approvals.Aegon USA decided to sell Worldwide because it didn't fit with the company's product line.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF Bloomberg News contributed to this article | August 14, 1998
Dutch insurer Aegon NV, which has its U.S. headquarters in BTC Baltimore, said yesterday that its second quarter net income rose about 25 percent in U.S. dollars as the company continued to benefit from its acquisition of Providian Corp.Net income for the quarter was $328 million, up from $262 million in the year-ago quarter. Net income per share was 56 cents, up 17 percent from 48 cents a year earlier, as revenue increased 32 percent, to $4.58 billion from $3.47 billion.The company said that in the six-month period, the Providian acquisition boosted net income per share by about 16 percent, while it more than doubled total income from the Americas to $470 million.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF Bloomberg News contributed to this article | May 15, 1998
Dutch insurer Aegon NV, which has its U.S. headquarters in Baltimore, said yesterday that its net income rose 46 percent in the first quarter fueled by an acquisition and strong performance in the Americas.Aegon reported net income of $316 million, or 648 million guilders, for the first quarter that ended March 31, compared with net income of $216 million, or 403 million guilders for the same period a year ago.The company made $1.09 a share in the quarter, up 33 percent from the 82 cents made in the 1997 quarter.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | June 10, 1999
European regulators approved the purchase of Transamerica Corp. by Netherlands-based insurance giant Aegon NV yesterday, keeping the takeover on track for a July completion after it clears regulatory hurdles in the United States.The executive agency of the European Union approved the purchase during a meeting in Brussels, Belgium, releasing a statement saying the deal "does not create or strengthen a dominant position" and thus is not a threat to fair competition in European markets."It's really just one step on the long track left to go," said Mary Voeten, a spokeswoman at Aegon's headquarters in The Hague.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | March 20, 1998
Aegon N.V., the large Dutch insurance company with its U.S. headquarters in Baltimore, said yesterday that fourth-quarter net income increased 32 percent as the company continued to benefit from its acquisition of Providian Corp.Net income was $358 million, up from $272 million in the year-earlier quarter. Total revenue was $4.29 billion, up 18 percent from $3.64 billion. Earnings per share were $1.25, up 23 percent from $1.02."In 1997, we have surpassed all our previous records," said Aegon N.V. Chairman Kees Storm.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | January 24, 1998
Aegon USA yesterday told employees that it will remain and expand in downtown Baltimore through 2002, but the company left open the possibility it might consolidate more than 1,000 workers outside Baltimore because of changes taking place in the insurance industry.In committing to the city, the nation's ninth-largest insurer will expand into a vacant, six-story office and warehouse building at 205 W. Centre St. once occupied by retailer Hochschild, Kohn & Co. and the Bank of Baltimore.As part of the move, the North American subsidiary of giant Dutch insurer Aegon N. V. will shift 300 employees in its Special Markets Group to the 225,000-square-foot building by May. "Our new office location provides us with the much-needed space to accommodate our current business as well as our future growth," said Bart Herbert Jr., president of Aegon USA's Special Markets Group, who broke the news to employees at the Belvedere Hotel yesterday morning.
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