Dutch Insurer Aegon Moving to US, to Rebrand as Transamerica (1)

Aegon Ltd., the Netherlands-based insurer which generates the majority of its profit from the US, confirmed that it will move its headquarters there and rename itself Transamerica Inc.

The company plans to complete the transition over the coming two years and expects to incur about €350 million ($407 million) in associated costs through the first half of 2028, Aegon said in a statement on Wednesday.

The move had been on the table for some time, with Aegon announcing in August that it was reviewing potentially moving its primary listing and legal domicile to the US. In 2022, the company ...