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Aegon Bank successfully prices inaugural EUR 500 million Senior Non-Preferred notes

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THE HAGUE, Netherlands–(BUSINESS WIRE)–Today, Aegon Bank priced its inaugural EUR 500 million 5 year Senior
Non-Preferred notes with a yield of 0.729%. The deal was 5 times
oversubscribed and successfully placed with more than 180 institutional
investors.

The notes are expected to be rated A and A- by S&P Global and Fitch,
respectively. The proceeds of this transaction are expected to enable
Aegon Bank to meet the minimum requirement for own funds and eligible
liabilities (MREL), which are anticipated to be applicable as of 2020.
The issuance is in line with the growth ambition of Aegon Bank and will
result in a more diversified funding mix. Aegon classifies the
securities as operational leverage.

Aegon Bank has appointed Credit Agricole, ING, Rabobank, Société
Générale and Unicredit as the joint lead managers. ING was mandated as
structuring adviser.

About Aegon

Aegon’s roots go back 175 years – to the first half of the nineteenth
century. Since then, Aegon has grown into an international company, with
businesses in more than 20 countries in the Americas, Europe and Asia.
Today, Aegon is one of the world’s leading financial services
organizations, providing life insurance, pensions and asset management.
Aegon’s purpose is to help people achieve a lifetime of financial
security. More information on aegon.com.

About Aegon Bank

Aegon Bank N.V. is part of Aegon the Netherlands and operates under two
brands: Aegon Bank, an online retail savings bank, and Knab, an online
banking initiative for retail and self-employed clients. Aegon Bank N.V.
develops savings and investment products, and supports Aegon’s purpose
to help people take responsibility for their financial future. Aegon
Bank N.V. also offers a platform for funding mortgages for Aegon the
Netherlands. Aegon is a top 5 lender in the Dutch residential mortgage
market. Aegon Bank N.V. has a credit rating of A+ by S&P Global and A-
by Fitch.

Disclaimers

Forward-looking statements

The statements contained in this document that are not historical facts
are forward-looking statements as defined in the US Private Securities
Litigation Reform Act of 1995. The following are words that identify
such forward-looking statements: aim, believe, estimate, target, intend,
may, expect, anticipate, predict, project, counting on, plan, continue,
want, forecast, goal, should, would, could, is confident, will, and
similar expressions as they relate to Aegon. These statements are not
guarantees of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Aegon undertakes no
obligation to publicly update or revise any forward-looking statements.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which merely reflect company expectations at
the time of writing. Actual results may differ materially from
expectations conveyed in forward-looking statements due to changes
caused by various risks and uncertainties. Such risks and uncertainties
include but are not limited to the following:

  • Changes in general economic and/or governmental conditions,
    particularly in the United States, the Netherlands and the United
    Kingdom;
  • Changes in the performance of financial markets, including emerging
    markets, such as with regard to:

– The frequency and severity of defaults by issuers in Aegon’s fixed
income investment portfolios;

– The effects of corporate bankruptcies and/or accounting restatements
on the financial markets and the resulting decline in the value of
equity and debt securities Aegon holds; and

– The effects of declining creditworthiness of certain public sector
securities and the resulting decline in the value of government exposure
that Aegon holds;

  • Changes in the performance of Aegon’s investment portfolio and decline
    in ratings of Aegon’s counterparties;
  • Consequences of an actual or potential break-up of the European
    monetary union in whole or in part;
  • Consequences of the anticipated exit of the United Kingdom from the
    European Union and potential consequences of other European Union
    countries leaving the European Union;
  • The frequency and severity of insured loss events;
  • Changes affecting longevity, mortality, morbidity, persistence and
    other factors that may impact the profitability of Aegon’s insurance
    products;
  • Reinsurers to whom Aegon has ceded significant underwriting risks may
    fail to meet their obligations;
  • Changes affecting interest rate levels and continuing low or rapidly
    changing interest rate levels;
  • Changes affecting currency exchange rates, in particular the EUR/USD
    and EUR/GBP exchange rates;
  • Changes in the availability of, and costs associated with, liquidity
    sources such as bank and capital markets funding, as well as
    conditions in the credit markets in general such as changes in
    borrower and counterparty creditworthiness;
  • Increasing levels of competition in the United States, the
    Netherlands, the United Kingdom and emerging markets;
  • Changes in laws and regulations, particularly those affecting Aegon’s
    operations’ ability to hire and retain key personnel, taxation of
    Aegon companies, the products Aegon sells, and the attractiveness of
    certain products to its consumers;
  • Regulatory changes relating to the pensions, investment, and insurance
    industries in the jurisdictions in which Aegon operates;
  • Standard setting initiatives of supranational standard setting bodies
    such as the Financial Stability Board and the International
    Association of Insurance Supervisors or changes to such standards that
    may have an impact on regional (such as EU), national or US federal or
    state level financial regulation or the application thereof to Aegon,
    including the designation of Aegon by the Financial Stability Board as
    a Global Systemically Important Insurer (G-SII);
  • Changes in customer behavior and public opinion in general related to,
    among other things, the type of products Aegon sells, including legal,
    regulatory or commercial necessity to meet changing customer
    expectations;
  • Acts of God, acts of terrorism, acts of war and pandemics;
  • Changes in the policies of central banks and/or governments;
  • Lowering of one or more of Aegon’s debt ratings issued by recognized
    rating organizations and the adverse impact such action may have on
    Aegon’s ability to raise capital and on its liquidity and financial
    condition;
  • Lowering of one or more of insurer financial strength ratings of
    Aegon’s insurance subsidiaries and the adverse impact such action may
    have on the premium writings, policy retention, profitability and
    liquidity of its insurance subsidiaries;
  • The effect of the European Union’s Solvency II requirements and other
    regulations in other jurisdictions affecting the capital Aegon is
    required to maintain;
  • Litigation or regulatory action that could require Aegon to pay
    significant damages or change the way Aegon does business;
  • As Aegon’s operations support complex transactions and are highly
    dependent on the proper functioning of information technology,
    operational risks such as system disruptions or failures, security or
    data privacy breaches, cyberattacks, human error, failure to safeguard
    personally identifiable information, changes in operational practices
    or inadequate controls including with respect to third parties with
    which we do business may disrupt Aegon’s business, damage its
    reputation and adversely affect its results of operations, financial
    condition and cash flows;
  • Customer responsiveness to both new products and distribution channels;
  • Competitive, legal, regulatory, or tax changes that affect
    profitability, the distribution cost of or demand for Aegon’s products;
  • Changes in accounting regulations and policies or a change by Aegon in
    applying such regulations and policies, voluntarily or otherwise,
    which may affect Aegon’s reported results, shareholders’ equity or
    regulatory capital adequacy levels;
  • Aegon’s projected results are highly sensitive to complex mathematical
    models of financial markets, mortality, longevity, and other dynamic
    systems subject to shocks and unpredictable volatility. Should
    assumptions to these models later prove incorrect, or should errors in
    those models escape the controls in place to detect them, future
    performance will vary from projected results;
  • The impact of acquisitions and divestitures, restructurings, product
    withdrawals and other unusual items, including Aegon’s ability to
    integrate acquisitions and to obtain the anticipated results and
    synergies from acquisitions;
  • Catastrophic events, either manmade or by nature, could result in
    material losses and significantly interrupt Aegon’s business; and
  • Aegon’s failure to achieve anticipated levels of earnings or
    operational efficiencies as well as other cost saving and excess cash
    and leverage ratio management initiatives.

Further details of potential risks and uncertainties affecting Aegon are
described in its filings with the Netherlands Authority for the
Financial Markets and the US Securities and Exchange Commission,
including the Annual Report. These forward-looking statements speak only
as of the date of this document. Except as required by any applicable
law or regulation, Aegon expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in
Aegon’s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.

Contacts

Media relations
Dick Schiethart
+31(0) 70 344 8821
dick.schiethart@aegon.com

Investor relations
Jan Willem Weidema
+31(0) 70 344 8028
janwillem.weidema@aegon.com

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Business Wire

John Warren Sells Stake in Lima One Capital

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GREENVILLE, S.C.–(BUSINESS WIRE)–John Warren, founder and chairman of Greenville-based Lima One Capital, has sold his majority ownership stake in the company to current minority partners. Warren founded Lima One in 2011 and has grown the company to more than 300 full and part-time employees around the country.

Under Warren’s leadership at Lima One, the company doubled in growth for four straight years and grew its headquarters in Greenville to more than 160 full-time employees.

“It has been a true honor to lead Lima One Capital. This company is filled with incredible men and women who work hard every day to serve our customers. While it is bittersweet to leave the company, I am proud of everything we have accomplished from right here in Greenville. Lima One has a very bright future ahead of it,” Warren said.

Lima One Capital’s headquarters and leadership team will remain in Greenville. All current jobs located in Greenville will remain in the city.

“Lima One has been a critical part of Greenville’s success over the past ten years. When leaders like John choose to build their headquarters right here in Greenville, it shows other business leaders the benefits of locating their companies in the Upstate,” said Knox White, mayor of Greenville.

Lima One’s CEO Jeff Tennyson, who joined the company in 2018 when Warren ran for governor of South Carolina, said, “While we will miss John day-to-day and the meaningful impact he has had on Lima One’s success, our management team remains fully in place, and we’re well positioned to continue our growth and success. The FixNFlip and rental investor markets continue to expand, and with our innovative products, strong customer experience and great people here in Greenville, Lima One has a terrific future ahead as a national lender.”

In 2014, Lima One was recognized as the Fastest Growing Company in South Carolina and was named as one of the Best Places to Work in South Carolina in 2016. Lima One has raised billions of dollars from institutional investors and is on pace to originate $1.25 billion in 2019.

“It is hard to overstate the positive impact Lima One has had on Greenville and the Upstate. Over the past ten years, Lima One has brought high-quality, high-paying jobs to the city and improved our entire city’s quality of life,” said John Uprichard, founder and CEO of Find Great People, an executive search firm and staffing company based in Greenville. “Lima One and John Warren have been great for our city and our region.”

For the opportunity to interview John Warren, contact Jeff Dezen at jeffd@jdpr.com or phone 864.233.3776, ext. 11.

About John Warren

Born and raised in Greenville, South Carolina, John Warren is a successful entrepreneur, businessman, and community leader. Warren is the founder and former chairman and CEO of Lima One Capital, a specialty mortgage finance company that is one of the largest lenders for residential real estate investors and homebuilders in the country. Prior to founding Lima One, Warren served in the Marine Corps as an infantry officer and deployed twice. Warren and his wife Courtney live with their three children in Greenville. Full biography attached.

About Lima One

Headquartered in Greenville, S.C., Lima One Capital is a specialty mortgage finance company, founded by Marines, that specializes in providing customized real estate loans to real estate investors across the nation. Lima One’s core loan products are Rental30, a 30-year, fixed-rate, fully-amortizing loan for purchasing or refinancing residential rental properties; FixNFlip, a 13-month bridge loan for investors who are buying, renovating, and selling properties; and a Multifamily bridge program for the purchase or refinance of 5+ unit multifamily properties. For more information, visit limaone.com or contact Robert Neely, Director of Marketing, at 864-248-6066.

JOHN WARREN BIOGRAPHY

Born and raised in Greenville, South Carolina, John Warren is a successful entrepreneur, businessman, and community leader. Warren is the founder and former chairman and CEO of Lima One Capital, a specialty mortgage finance company that is one of the largest lenders for residential real estate investors and homebuilders in the country. Lima One has been recognized as the Fastest Growing Company, one of the Best Places to Work, and the Most Ethical Company in South Carolina. While at Lima One, Warren was also a principal in the largest bulk sale of single-family homes in the country, selling over 1,400 rental properties in Atlanta to Blackstone Group LP (BX) for more than $100M.

Prior to founding Lima One, John served four years on active duty as an infantry officer in the United States Marine Corps. In March of 2006, he deployed with 3rd Battalion, 8th Marines to Ramadi, Iraq where he spent seven months conducting combat operations against insurgent forces. While deployed, he was decorated for “valor” and “heroic achievement” as he “led a counter attack against insurgents attacking Observation Post Virginia.” In total, he led over 300 combat missions and left the Marine Corps with the rank of captain. He speaks regularly on foreign policy, leadership, and entrepreneurship.

In 2018, Warren ran for governor of South Carolina, reaching the runoff in the Republican primary. He ran a positive, solutions-oriented campaign that focused on limited government, reforming broken government systems, and empowering taxpayers.

Warren graduated from Washington and Lee University and later earned a Master of Business Administration from New York University’s Stern School of Business. Warren’s civic involvement includes active membership in Young President’s Organization (YPO). He lives in Greenville with his wife Courtney and three children and is a member of Downtown Presbyterian Church.

Contacts

Jeff Dezen
jeffd@jdpr.com
864.233.3776, ext. 11

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Business Wire

AM Best’s Zurich Market Briefing to Focus on State of Global Reinsurance Industry

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LONDON–(BUSINESS WIRE)–AM Best will host a Reinsurance Market Briefing on Wednesday, 18 September 2019, at the FIFA World Football Museum in Zurich from 10:30 a.m. to 1 p.m. (CEST).

The event will provide a platform for leading AM Best rating analysts to discuss the global reinsurance sector, as well as offer opinions on the drivers of future rating movements among reinsurers. The analysts also will explore the top issues primary companies in Switzerland and across Europe are facing that could have an impact on the reinsurance market. Nick Charteris-Black, managing director, market development – EMEA, Carlos Wong-Fupuy, senior director, and Catherine Thomas, senior director, analytics, will offer their insights at the event. Question and answer sessions are planned, and lunch will be provided. The briefing also will serve as a networking opportunity for attendees.

For more information, and to register for the complimentary event, please visit http://www.ambest.com/events/rmbzurich2019/index.html.

AM Best publishes ratings on thousands of insurers and reinsurers in more than 90 countries worldwide. More information about Best’s Credit Ratings and the rating process can be found at www.ambest.com/ratings. AM Best also recently published its special report on the global reinsurance sector. To access a copy of this special report, please visit: http://www3.ambest.com/bestweek/purchase.asp?record_code=289149.

AM Best is a trusted source of insurance market insight and data, and the only global credit rating agency with a unique focus on the insurance industry. Best’s Credit Ratings are a recognized indicator of insurer financial strength and creditworthiness. Visit www.ambest.com for more information.

Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Edem Kuenyehia
Director, Market Development
& Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

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Business Wire

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against ViewRay, Inc.

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OKLAHOMA CITY–(BUSINESS WIRE)–#ClassAction–Federman & Sherwood announces that on September 13, 2019, a class action lawsuit was filed in the United States District Court for the Northern District of Ohio against ViewRay, Inc. (NASDAQ: VRAY). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is March 15, 2019 through August 8, 2019.

To learn how to participate in this action, please visit https://www.federmanlaw.com/blog/federman-sherwood-announces-the-filing-of-a-securities-class-action-lawsuit-against-viewray-inc/

Plaintiff seeks to recover damages on behalf of all ViewRay, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Tuesday, November 12, 2019 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:

Robin Hester

FEDERMAN & SHERWOOD

10205 North Pennsylvania Avenue

Oklahoma City, OK 73120

Email to: rkh@federmanlaw.com
Or, visit the firm’s website at www.federmanlaw.com

Contacts

Robin Hester

rkh@federmanlaw.com

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