Aegon is excited to announce the launch of a community investment program to support the community of Bermuda, in line with our purpose of Helping people live their best lives. The new program has three components: education, financial and social empowerment, and a grant to the Bermuda Foundation. The program further strengthens our relationship with Bermuda that began twenty years ago when Transamerica Life Bermuda, an Aegon subsidiary, established its presence on Bermuda, and was deepened by the redomiciliation of Aegon's legal seat to Bermuda in September 2023.
Lard Friese, CEO Aegon: “Our commitment to Bermuda goes beyond business; it’s about building lasting relationships and contributing to the growth and well-being of this vibrant community. We are excited to work together with partners that offer financial and social opportunities to help more people live their best lives.”
Education
Starting in the new academic year of 2025/2026, Aegon will support students pursuing careers within Bermuda’s local economy, in important industries like healthcare, the trades and technology sectors. The Aegon Live Your Best Life Scholarships aim to help close educational gaps for Bermudians who require financial support. Scholarships of up to $30,000 each per academic year will be available for professional and vocational training.
Financial and social empowerment
In addition, Aegon will provide grants to local nonprofit organizations that focus on financial literacy, social capabilities and resilience. This includes initiatives that promote financial education, encourage entrepreneurship and help people develop the skills they need to play an active role in Bermuda’s economy. Aegon will also support organizations addressing broader social inclusion by fostering community engagement, offering support services, and promoting safety nets.
Bermuda Foundation
Furthermore, Aegon will contribute to the Bermuda Foundation as an investment in the Foundation’s long-term sustainability, supporting them in achieving their mission. The Foundation was established 11 years ago to build a lasting endowment for the community, managing philanthropic funds directed to nonprofit organizations. In addition, the Bermuda Foundation will support Aegon with the administration of its community investment program.
Starting in 2025, the program will run for an initial term of three years.