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