Full Description

Fortis N.V. is an international provider of insurance services to personal, business and institutional customers. As of the end of March 2009, Fortis divided its activities into three business lines. Fortis Insurance Belgium specializes in life and non-life insurances, distributing its products through the network of Fortis Bank and independent insurance brokers. Fortis Insurance International provides its products and services via its subsidiaries in the United Kingdom, France, Hong Kong, Luxembourg, Germany, Turkey, Russia and Ukraine, as well as through its joint ventures in Luxembourg, Portugal, China, Malaysia, Thailand and India. The General Account business line mainly comprises activities not related to the core insurance business, such as group finance and other holding activities. In May 2009, BNP Paribas SA approved the transfer by SFPI, a wholly wned Belgian State company, of 54.55% of shares and voting rights of Fortis SA/NV to BNP Paribas SA.