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Dutch insurer Aegon to fully acquire U.S. colleague Clark
Already partners for years
Tags: Excerpts from the Windmill
BALTIMORE, Maryland - A U.S. subsidiary of giant Dutch insurance group Aegon will acquire Clark, Inc., a company specializing in life insurance and other benefit programs, for approximately $293 million. With a 13 percent stake, Aegon already is Clark’s largest shareholder. The transaction is subject to normal closing requirements.
Aegon and Clark have been strategic partners for many years. Following the purchase, a Clark management group will acquire some of Clark's other business segments not considered core interests to Aegon.
Clark’s was founded in 1967, and specializes in designing innovative executive compensation programs that attract, retain, motivate and reward executives, directors and employees, especially in the healthcare industry. Company headquarters are in North Barrington, Illinois.
Aegon is one of the world’s largest life insurance and pension group providers, and a strong supplier of investment products. With headquarters in The Hague, the Netherlands, Aegon employs approximately 27,000 people. Its major markets are the United States, the Netherlands and the United Kingdom. Aegon was formed in 1983 through the merger of Dutch insurers AGO and Ennia, both of which were successors to insurance companies founded in the 1800’s.