Aegon Merrill Lynch
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It has been said that Aegon the Dutch insurers have agreed to buy two Merrill Lynch Insurance units which are Merrill Lynch Life Insurance Company and ML Life Insurance Company for a staggering $1.3 billion, this is said to increase sales of variable annuities and distribution in the United States. Aegon have also said that they will form a strategic relationship with Merrill Lynch in investment and insurance products plus Aegonâ€™s Transamerica companies will indeed support Merrillâ€™s financial adviser network.
The two companies that Aegon are acquiring had $800 million of variable annuity sales back in 2006 and a massive $10 billion of variable annuity assets at the end year of 2006. This transaction will indeed put Aegon in the top 10 of variable annuity sellers in the broker dealer segment.