AEGON and SCOR, a global reinsurer, have reached an agreement in which SCOR will acquire the mortality risk reinsurance business of Transamerica Reinsurance.

AEGON will divest its global life reinsurance activities with the exception of select blocks of business that are to be retained by AEGON. The retained businesses with a book value of $0.4 billion comprise mainly variable annuity guarantee business. 

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