Aegon Usa history

A local vicar in the western Netherlands established this fund in 1845, a year after Oosterhoff set up Algemeene Friesche.

In 1858 he established Vennootschap Nederland, and that same year became one of the founding directors of Der Anker in Vienna.

About 1860, however, the Belgian millionaire began to expand into mortgage banking throughout Western Europe.

Another insurance firm, the Olveh, began as a self-help organization for civil servants in 1877.

Eerste Nederlandsche introduced accident insurance in The Netherlands about 1880.

In 1883 the Dordrecht became an industrial life insurer, underwriting low-cost policies aimed at working men, basically the same market it had served as a burial fund.

Although Eerste Nederlandsche was involved in administering payments when the Workmen's Compensation Act was passed in 1901, government social insurance was the impetus for a reorganization of the company.

By 1909 all ties with the original self-help organization had been cut, but it retained the association form.

It also began to insure bicycles, and in 1911 wrote its first motor vehicle policy.

Algemeene Friesche and Groot-Noordhollandsche especially grew through acquisitions between the wars, and Eerste Nederlandsche took over the Dordrecht in 1919.

Eerste Nederlandsche's headquarters was among the many buildings destroyed when Germans bombed The Hague in March 1945.

Mergers in the United States, Great Britain, and Canada were followed in 1963 by the merger of the largest and second-largest Dutch insurance companies: The Netherlands Insurance Company and the Nationale Levensverzekering-Bank.

The Disability Law of 1967, however, ended group disability insurance, a concept the Nieuwe Eerste Nederlandsche had pioneered.

Ennia began its foreign acquisitions in earnest when it established operations in Spain in 1980.

In 1982, the year before AEGON was formed, 50 percent of AGO's life insurance income came form foreign sources, as did 46 percent of its general insurance income.

The name Aegon originated in 1983, when two Dutch insurance companies (AGO and ENNIA) merged to become the second largest insurer in the Netherlands.

In 1986 AEGON purchased the troubled Friesch-Groningsche Hypotheek-bank and improved earnings there by the end of the decade.

1988: AEGON USA is formed from the merger of Life Investors, Monumental Corporation, and National Old Life.

In 1997, AEGON purchased the Dutch funeral insurance company Levob Uitvaartverzekering N.V., a nod to their burial fund origins.

Aegon bought a 40% stake in the Scottish Equitable Life Assurance Society in the UK, later raising its stake to 100% in 1998.

Prior to joining Aegon Life Insurance Company Limited in 2008, he worked with Lovelock & Lewes and PriceWaterhouseCoopers (PwC, London) engaging with multiple insurance and investment management clients.