According to the press release, Aegon IAMC is only one of four wholly owned foreign insurance asset management companies approved in China. The company began trading on February 2, 2026, after completing final preparations following the insurance asset management business license approval in June 2025. The new entity will initially manage the general account portfolio of Aegon’s Chinese life insurance joint venture, Aegon THTF, with plans to expand to institutional third-party clients over time.
China is the world’s second-largest insurance market, and its capital markets are continuing to mature and open up to long-term investors. Currently, insurers in China are limited in what they can invest in without an insurance asset-management license. With the launch of Aegon IAMC, Aegon can now access these long-duration opportunities directly. This includes investments in infrastructure, renewable energy, and other long-term asset classes that align well with Aegon’s long-term investment approach and support strong asset-liability management, strengthen the balance sheet, and enable Aegon IAMC to play a growing role in China’s expanding retirement and pension landscape.
“Being granted this license and the subsequent start of trading mark a major achievement and a real step forward for us”, said Marco Keim, CEO Aegon International. “It opens the door to new opportunities and allows us to build our presence in China, a market that’s transforming quickly. We will draw on the capabilities and experience we’ve developed across Aegon, and I’m looking forward to working with our teams to translate this momentum into real progress and strengthening our position in China to create long-term value for our customers and the business”, the CEO added.
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