Ageas SA (AGES.BR) Key Developments | Reuters.com
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Ageas SA (AGES.BR)

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Latest Key Developments (Source: Significant Developments)

Ageas updates on Fortis settlement
Monday, 27 Jun 2016 11:56am EDT 

Ageas SA : Ageas announces further important support for Fortis settlement . Has also reached an agreement with Mr. Geert Lenssens, of the Brussels-based law firm SQ Law . Lenssens' endorsement of settlement does not impact size of settlement .An amount of 1,204 million euros ($1.33 billion) has been agreed upon to compensate eligible shareholders.  Full Article

Ageas says Fortis settlement agreement submitted today to the Amsterdam court of appeal
Monday, 23 May 2016 02:15am EDT 

Ageas SA NV : Fortis settlement agreement submitted today to the Amsterdam court of appeal . Parties will file a request today with amsterdam court of appeal to declare settlement binding in accordance with dutch act on collective settlement of mass claims .The parties: Ageas, Stichting FORsettlement and the claimants' organisations, Dutch shareholder Association VEB, Stichting Investor Claims Against Fortis (SICAF), Stichting FortisEffect and Deminor.  Full Article

Ageas reports Q1 group net loss attrib. to shareholders of 633.3 million euros
Thursday, 19 May 2016 01:42am EDT 

Ageas SA NV : Q1 month life net profit attrib. to shareholders 143.1 million euros ($160.43 million) versus 147.5 million euros year ago . Q1 group net loss attrib. to shareholders 633.3 million euros versus profit 241.4 million euros year ago . Q1 group inflows (at 100 percent) 11.1 billion euros, up 11 percent . Q1 insurance net profit 201 million euros versus 198 million euros year ago .Q1 non-life & other insurance net profit attrib. to shareholders 57.5 million euros versus 50.2 million euros year ago.  Full Article

Ageas announces resignation of board director Davina Bruckner
Monday, 18 Apr 2016 08:00pm EDT 

Ageas SA:Announces resignation of board director Davina Bruckner.Resignation with effect from April 16, 2016 for personal reasons.  Full Article

Ageas reaches agreement aiming at settling all Fortis civil legacies
Monday, 14 Mar 2016 03:15am EDT 

Ageas SA:Ageas, Deminor, Stichting Fortiseffect, Sicaf and Veb Reach agreement aiming at settling all Fortis civil legacies.Parties will request Amsterdam Court of Appeal to declare settlement binding for all eligible Fortis shareholders.Ageas agreed to pay a global amount of 1,204 million euros to eligible shareholders covered by the settlement without admitting any wrongdoing.  Full Article

Towergate and Ageas announce £300m Arista capacity arrangement
Monday, 7 Mar 2016 07:00pm EST 

Ageas SA:Announced on Monday that Towergate, Arista and Ageas signed new strategic partnership which sees Ageas provide capacity for £60 million ($85.45 million) each year for next five years.Deal also sees Ageas providing capacity for Towergate's Holiday Homes portfolio.  Full Article

Ageas SA proposes FY 2015 dividend
Wednesday, 17 Feb 2016 02:11am EST 

Ageas SA:Proposes FY 2015 gross cash dividend of 1.65 euro, up 6.5 percent compared to last year.  Full Article

Ageas says court rejects liability claim filed by Patrinvest
Monday, 1 Feb 2016 09:32am EST 

Ageas SA:Says the court fully rejects liability claim filed by Patrinvest regarding Fortis' prospectus.‍Brussels Commercial Court ruled that Fortis' prospectus relating to its 2007 capital increase was correct and complete​.‍Decision of court is in line with position taken in 2014 by Dutch trade and industry appeals tribunal.  Full Article

Ageas presents its strategy for the next 3 years
Monday, 28 Sep 2015 11:40am EDT 

Ageas SA:Presents its 3 year strategy, Ambition 2018.Foresees 75 million euros ($84.26 million) per year being invested in innovation over next three years.Sees 2018 dividend pay-out ratio between 40 percent and 50 percent of insurance net profit.Sees 2018 return on equity in insurance between 11 percent and 13 percent (excluding unrealized gains and losses).Sees 2018 non-life combined ratio below 97 percent.Sees 2018 Solvency II insurance ratio of 175 percent.  Full Article

Ageas says Brussels appellate court reduces fine imposed by FSMA
Thursday, 24 Sep 2015 10:41am EDT 

Ageas SA:Says Brussels Court of Appeal reduces fine imposed by FSMA.Court fully annulled decision of FSMA sanctions commission, and consequently, ruled again and decided to impose a reduced fine of 250,000 euros on Ageas.The fines imposed by the June 2013 decision on the former Fortis executives were reduced for Mr Votron and Mr Mittler.In a separate decision of the Brussels' Court of Appeal, the fine of Mr Verwilst's was annulled.  Full Article

BRIEF-Ageas updates on Fortis settlement

* Ageas announces further important support for Fortis settlement