Tuesday, June 20, 2006

 

Aegon To Acquire 49% Of Mexican Life Insurance Provider

Aegon has signed a deal to acquire a 49% interest in Seguros Argos, a Mexican life insurance company specializing in the sale of life cover to individuals through their employers. The price of the stake has not been disclosed.

According to Aegon, Seguros Argos is the seventh largest life insurance company in Mexico. At the end of 2005 Argos had more than 420,000 policies in force and MXN1,266 million (E86.6 million) in premium income.

Aegon To Acquire 49% Of Mexican Life Insurance Provider
Source: Insurance Business Review

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