BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

AEGON to buy US life specialist


THE HAGUE, Netherlands—AEGON N.V. has signed an agreement to acquire Clark, Inc., a North Barrington, Illinois-based company specializing in the sale of corporate-owned and bank-owned life insurance and other benefit programs, for approximately $293 million.

AEGON has made a cash offer for the shares of Clark for $16.55 per share. The transaction is expected to close early in the first quarter of 2007, subject to normal closing requirements.

Corporate-owned and bank-owned life insurance is marketed to institutional clients to fund their long-term employee benefit liabilities, such as post-retirement medical plans and executive compensation plans. AEGON has provided insurance products in this market for more than a decade.

According to the Netherlands-based company, the acquisition of Clark Inc. is in line with its strategy to expand into businesses that offer profitable growth and further expand its multi-channel distribution capability.