Aegon offloads UK life and pensions outfit Guardian

Scott Sinclair
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UK/NETHERLANDS - Aegon today confirmed the sale of its UK-based life and pensions business Guardian to European private equity group Cinven, for a total cash consideration of £275m ($450m).

Guardian, which manages more than 300,000 life insurance policies in the UK, has been closed to new business since 2001. Aegon Asset Management has entered into a long-term agreement with Cinven...

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