New Fortis deal reinforces bancassurance model

Fortis Bank and Fortis Insurance Belgium will develop non-life insurance activities outside France, Belgium, and Turkey

Fortis holding has reached a fresh agreement concerning the sale of the Belgian-Dutch institution to the French bank BNP Paribas. The agreement, which also involves the Belgian state holding company SFPI/FPIM, will be submitted to shareholders’ meetings of Fortis SA/NV and Fortis N.V. next month.