In Brief: Aegon Gets License to Sell to Czechs

Published March 28, 2005, 2:00 a.m. EST

Updated March 25, 2005, 1:49 p.m. EST

1 Min Read

Aegon has announced its receipt of a license to sell life insurance to residents of the Czech Republic.

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The Netherlands-based insurer said Thursday that it plans to open offices in the largest Czech cities and will also distribute through agents and independent brokers.

Aegon's business in Hungary is its platform for expansion in Central and Eastern Europe, the company said. In 2003 it entered the life insurance and pension market in neighboring Slovakia.

The company's three main markets are the United States, the Netherlands, and the United Kingdom. In addition, it operates in Canada, Hungary, Slovakia, Spain, Taiwan, and China.

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