Markus Rivaldi's questions to Aegon Ltd (AEG) leadership • H2 2024
Question
Markus Rivaldi requested an update on discussions with the Bermuda Monetary Authority (BMA) concerning the regulatory capital treatment of outstanding securities, especially the Solvency II grandfathered debt.
Answer
CFO Duncan Russell confirmed that discussions with the BMA are ongoing regarding both the post-2027 capital calculation methodology and the treatment of its debt securities. He noted that Aegon has a transition period until 2027 and will update the market as soon as there is a development.