Aegon reassures customers after €3bn capital boost

The move is a safety measure, Aegon says, to reinforce its capital buffer to a level substantially in excess of its AA rating requirements. It believes the injection is prudent given today’s market levels and the ongoing uncertainty in the economic environment. The Dutch Government announced on October 9 it would make €20bn of capital available to fundamentally sound and viable companies in the financial sector. Major Dutch competitor ING has already collected €10bn in public funds, with about €2bn to be allocated to its global insurance operations. Aegon says the additional core ca...