Aegon N.V. (AGN.L,AEG) announced its subsidiary, Aegon USA LLC, has reached an agreement with Greenspoint Capital and The Newport Group to sell Clark Consulting, its Bank-Owned Life Insurance distribution and servicing unit in the US, for $177.5 million. The Group said the transaction demonstrates its ongoing efforts to further reduce the capital deployed to its run-off businesses and increase the return on capital invested.
Aegon noted that the BOLI/COLI insurance block is not part of the deal and will continue to be serviced by the Group's US subsidiaries.
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