AMSTERDAM (Bloomberg) ? A subsidiary of Aegon NV, the second largest Dutch insurer, agreed to buy Bermuda-registered Global Preferred Re Ltd. for about $57 million in stock.

Global Preferred Holdings, a reinsurance subsidiary of Global Preferred Holdings Inc., will liquidate its assets after Aegon USA completes its acquisition, the companies said late yesterday in a statement sent by PR Newswire.

Aegon and closely held Global Preferred Holdings began talks in July, they said in a Business Wire statement at the time.

Earlier on Friday , Aegon agreed to sell its general insurance operations in Spain to Italy's Realer Mutual Group for about 250 million euros ($340 million) as part of an effort to focus on its life insurance and pension businesses.

Neither Aegon spokesman Todd Bergen nor Global Preferred spokeswoman Rebecca Turner immediately returned voice mails to their offices after business hours. Aegon American depositary receipts rose two cents to $13.74 in New York Stock Exchange composite trading yesterday.