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Aegon-CNOOC opens new Chinese branch

Aegon-CNOOC Life Insurance, a joint venture between The Netherlands-based life insurance company Aegon and the Chinese National Offshore Oil Corporation, has opened a new branch in the Chinese city of Jinan, the capital of the Shandong province.

The Aegon-CNOOC Shandong branch will provide an extensive range of life insurance products and services to local customers in this highly developed coastal province.

The opening of the Shandong branch follows the 2005 launch of branch offices in Beijing and Jiangsu.

The entry of Aegon-CNOOC into the fast-developing Shandong market continues our strategy of growing our presence steadily in China where there is an increasing need for the products and services we provide, said Don Shepard, chairman of the executive board of Aegon. We will continue to rely on a multi-channel distribution network as the best way to deliver innovative and reliable solutions to our expanding base of Chinese customers.