AEGON Announces Appointment of Mark Mullin as President of AEGON Americas
January 26 2009 - 1:00AM
PR Newswire (US)
THE HAGUE, January 26 /PRNewswire-FirstCall/ -- AEGON USA Executive
Vice President Mark Mullin has been appointed President of AEGON
Americas with responsibility for operations in the United States,
Canada and Latin America. Mr. Mullin currently heads AEGON's
pension operations in the United States, as well as AEGON's US
annuity and mutual fund businesses. Mr. Mullin joined AEGON in
1987. Current CEO of AEGON Americas Pat Baird will continue to
maintain direct responsibility for AEGON's life reinsurance
business, in addition to his international responsibilities as a
member of AEGON N.V.'s Management Board, which include AEGON's
business in Asia. Mr. Baird is also currently serving a one-year
term as Chairman of the American Council of Life Insurers (ACLI),
which ends in October, 2009. Mr. Mullin will continue to report to
Pat Baird. "The Americas are vital to the success of AEGON's
long-term strategy," said Alex Wynaendts, AEGON's CEO. "Mark's
extensive knowledge of our businesses there and his strong track
record will be a tremendous asset as we strengthen our position in
what continues to be the world's largest market for life insurance
and pensions." With businesses in the United States, Canada, Mexico
and Brazil, AEGON companies employ more than 15,000 people and
serve some 20 million customers across the Americas. Approximately
60% of AEGON's total business is generated in the Americas. About
AEGON & AEGON Americas AEGON As an international life
insurance, pension and investment company based in The Hague, AEGON
has businesses in over twenty markets in the Americas, Europe and
Asia. AEGON companies employ almost 32,000 people and have over 40
million customers across the globe. Key figures 2007 First nine
months 2008 Underlying earnings before tax EUR 2.64 billion EUR
1.75 billion New life sales EUR 3.27 billion EUR 2.03 billion Gross
deposits EUR 44.53 billion EUR 28.82 billion Revenue generating EUR
351 billion investments (At September 30, 2008) EUR 351 billion
AEGON Americas AEGON has businesses in the United States, Canada,
Mexico and Brazil. In the United States, AEGON includes some of the
country's leading life insurers, including Transamerica, Monumental
Life and Western Reserve Life. Together, AEGON companies in the
Americas have more than twenty million customers and work with
approximately 100,000 agents across the region. In all, AEGON
employs more than 15,000 people in the Americas. Approximately 60%
of AEGON's total business is generated in the Americas.
Forward-looking statements The statements contained in this press
release that are not historical facts are forward-looking
statements as defined in the US Private Securities Litigation
Reform Act of 1995. The following are words that identify such
forward-looking statements: believe, estimate, target, intend, may,
expect, anticipate, predict, project, counting on, plan, continue,
want, forecast, should, would, is confident, will, and similar
expressions as they relate to our company. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. We undertake no
obligation to publicly update or revise any forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which merely reflect company
expectations at the time of writing. Actual results may differ
materially from expectations conveyed in forward-looking statements
due to changes caused by various risks and uncertainties. Such
risks and uncertainties include but are not limited to the
following: - Changes in general economic conditions, particularly
in the United States, the Netherlands and the United Kingdom; -
Changes in the performance of financial markets, including emerging
markets, such as with regard to: - The frequency and severity of
defaults by issuers in our fixed income investment portfolios; and
- The effects of corporate bankruptcies and/or accounting
restatements on the financial markets and the resulting decline in
the value of equity and debt securities we hold; - The frequency
and severity of insured loss events; - Changes affecting mortality,
morbidity and other factors that may impact the profitability of
our insurance products; - Changes affecting interest rate levels
and continuing low or rapidly changing interest rate levels; -
Changes affecting currency exchange rates, in particular the
EUR/USD and EUR/GBP exchange rates; - Increasing levels of
competition in the United States, the Netherlands, the United
Kingdom and emerging markets; - Changes in laws and regulations,
particularly those affecting our operations, the products we sell,
and the attractiveness of certain products to our consumers; -
Regulatory changes relating to the insurance industry in the
jurisdictions in which we operate; - Acts of God, acts of
terrorism, acts of war and pandemics; - Changes in the policies of
central banks and/or governments; - Litigation or regulatory action
that could require us to pay significant damages or change the way
we do business; - Customer responsiveness to both new products and
distribution channels; - Competitive, legal, regulatory, or tax
changes that affect the distribution cost of or demand for our
products; - Our failure to achieve anticipated levels of earnings
or operational efficiencies as well as other cost saving
initiatives; and - The impact our adoption of the International
Financial Reporting Standards may have on our reported financial
results and financial condition. Group Corporate Communications
& Investor Relations Media relations Greg Tucker
+31(0)70-344-8344 E-mail: Investor relations Gerbrand Nijman
+31(0)70-344-8305 or 877-548-9668 - toll free USA only E-mail:
Website http:/// http://www.aegon.com/ DATASOURCE: AEGON N.V.
CONTACT: Media relations, Greg Tucker, +31(0)70-344-8344, E-mail: ;
Investor relations, Gerbrand Nijman, +31(0)70-344-8305 or
877-548-9668 - toll free USA only, E-mail:
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