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Monday, March 7, 2011

Scor in talks to purchase Aegon Transamerica unit-report, (SCOR), (AEGN)

French reinsurer Scor (SCOR.PA) is in talks to buy Dutch rival Aegon NV's (AEGN.AS) U.S.-based Transamerica Reinsurance unit, Bloomberg reported on Monday. Scor has emerged as the lead bidder over Chesterfield, Missouri-based Reinsurance Group of America Inc (RGA), it said, citing a person with knowledge of the matter. Aegon announced plans last year to sell the reinsurance unit of Transamerica, and sources familiar with the matter told Reuters in October that Scor and RGA were in a race to buy it. Aegon said earlier this year that it was in talks with one party. (Writing by Ritsuko Ando; Editing by Gary Hill)