Aegon to acquire two Merrill units
From Times Wire Services
Dutch insurer Aegon said it had agreed to buy Merrill Lynch Life Insurance Co. and ML Life Insurance Co. of New York for $1.3 billion in cash to boost its sales of variable annuities and distribution in the United States.
Aegon also said that it would form a strategic relationship with Merrill in insurance and investment products and that Aegon’s Transamerica companies would support Merrill’s financial advisor network.
