Aegon set to sell life assurance arm
Aegon plans to sell its Guardian life assurance arm for more than $400m, according to Reuters, with a number of private equity players thought to be interested in the firm.
Potential buyers include Cinven, Apollo Global Management and Swiss Re, with formal bids due to be submitted later this week.
Established in 1821, Guardian provides insured life and pension products. The firm, acquired by Aegon in 1999, has a portfolio of policies totalling around £300m.
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