AUSA Holding Company (AUSA), an Aegon company, has completed the tender offer process and finalized the acquisition of Clark, Inc. The sale of Clark Inc.'s other business groups has also been completed.
Clark Consulting (Clark) will operate within the Extraordinary Markets Division, a division focused on the Corporate- and Bank-Owned life insurance (COLI/BOLI) market. Clark will continue to provide a full array of financial products; COLI/BOLI; compensation and benefits consulting; strategic planning and leadership development; and administrative support and client-solution services.
"Aegon has been a strategic partner and supporter of Clark for many years and was the company's largest institutional shareholder. We are pleased to expand in a market directly related to our core offerings and with an established brand name in the business on our side" said Peter Gilman, Head of Aegon's COLI/BOLI operations.
Kurt Laning, newly appointed President of Clark Consulting stated: "Clark Consulting is a leader in the COLI/BOLI industry, and we will continue to develop and offer clients cutting-edge financial products and services through multiple distribution channels. Based on our long-term relationships with the nation's top insurance carriers and fund companies, you can be confident that our ability to serve our clients independently will remain unchanged."
AUSA Holding Company is a subsidiary of Aegon USA, Inc., which is a wholly owned subsidiary of Aegon N.V., headquartered in The Hague, the Netherlands.
ABOUT CLARK CONSULTING
Clark Consulting specializes in designing innovative executive compensation and benefit programs that attract, retain, motivate and reward executives, directors and employees. Clark Consulting provides leading edge advice on the design, financing, and plan administration of benefit programs. Clark Consulting currently serves more than 3,000 corporate and banking clients. Visit them on-line at www.clarkconsulting.com.