Aegon looking to sell-off insurer
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Aegon is looking to sell-off its 190-year-old life insurance arm Guardian, according to reports.
The Sunday Times says Guardian, which has around 500,000 customers, could be sold-off in a deal worth £250m.
The paper says private equity firms Cinven and Apollo are rumoured to be considering bids for the business with Goldman Sachs handling the sale.
Aegon acquired Guardian in 1999. It was fined £750,000 in 2006 for flaws in its mortgage endowment complaints-handling procedures.
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