14 October 2020 — Andrei Victor
Dutch financial group AEGON announces the sale of STONEBRIDGE, a UK-based provider of accident insurance products. Total proceeds amount to approximately GBP 60 million (EUR 65 million).

"The intended transaction will further simplify AEGON's business profile. The sale of STONEBRIDGE will have no impact on AEGON's core business in the United Kingdom, where it focuses on the provision of pensions, investment and protection services provided via intermediaries including employers and financial advisers."

STONEBRIDGE is a direct to consumer insurer specializing in accidental death and hospitalization products that provides policies to around 200,000 customers across the United Kingdom, Germany, France, Spain, Italy, the Nordics and Ireland. Since 2014, STONEBRIDGE has been closed for new business.

The acquirer, GLOBAL PREMIUM Holdings group, part of EMBIGNELL group, provides a range of accident and sickness insurance policies and is headquartered in London.

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