October 20, 2006
Dutch insurer Aegon has completed its acquisition of a 49% stake in Mexican
Dutch insurer Aegon has completed its acquisition of a 49% stake in Mexican life insurance company Seguros Argos. The two companies have also signed an agreement to set up a pension fund management joint venture, to be called Afore Argos, which has received approval from Mexico's pension regulator, Consar. Seguros Argos, which specializes in worksite marketing of its policies, is the seventh largest life insurance company in Mexico, in terms of individual life insurance policies.