AEGON has agreed to buy a 49% stake in a Mexican insurer, says The Daily Telegraph.
According to the paper, the Dutch-listed insurer, which owns the Scottish Equitable brand, said it had agreed the deal with Seguros Argos, Mexico's seventh-biggest life insurer, for an undisclosed sum. There has been speculation Aegon was interested in Prudential after insurer Aviva's approach for its UK rival failed. Aegon said the deal would complete in the third quarter after gaining regulatory approval. The Dutch group already runs a direct marketing services business in Mexico and is active in the life reinsurance market there. Seguros Argos employs around 100 people and the de...
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