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AEGON and Seguros Argos, S.A. de C.V. (Seguros Argos)(1), a Mexican life insurance company specializing in the sale of life insurance to individuals through their employers, are partners through a joint venture which began in 2006. AEGON owns a 49% interest in Seguros Argos.

Founded in 2002 and headquartered in Mexico City, Mexico, Seguros Argos has grown rapidly and is a leading life insurance company in Mexico. Seguros Argos specializes in the sale of individual life insurance through the worksite. It also sells group life insurance as well as savings products. Seguros Argos is also a market leader in micro insurance which provides insurance to an important and underserved market segment in Mexico.

Employing approximately 200 people, the company is represented in all of the Mexican states. Its unique approach to serving the needs of the mid to lower-income workers' market, based on innovative and tailor-made programs, has allowed Seguros Argos to become one of the most respected specialized companies in the market. It is through this approach that Seguros Argos has made personal insurance products available to such a large number of individuals otherwise lacking access to insurance in Mexico.

The joint venture complements AEGON's other operations in Mexico including AEGON Direct Marketing Services, Inc., and Transamerica Reinsurance.

Additional information can be found at: www.segurosargos.com

 


(1) Seguros Argos, S.A. de C.V. is not licensed to conduct business in any state in the U.S., the District of Columbia, or U.S. territories.

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