China Reviewing Aegon License

China is considering allowing Aegon’s Transamerica unit life insurance to operate in China according to a statement made by Aegon CEO Kees Storm. According to a Reuters report, Storm said Chinese Prime Minister Zhu Rongji is considering giving Transamerica a license. Rongii is on an official visit to the Netherlands. Transamerica was taken over by Aegon in 1999.

“Transamerica applied for a license in 1994. Aegon had also applied for a license but we are not bothered whether it is the Dutch side or the American side that gets it,” Storm was quoted by Reuters as saying.