Fortis Insurance Co

PO Box 3050
Milwaukee, WI 53201
Phone: (414)271-3011
Year Founded: 1990
Web: www.fortis.com

Fortis is now part of AGEAS.

Fortis was a company active in insurance, banking and investment management. In 2007 it was the 20th largest business in the world by revenue but after encountering severe problems in the financial crisis of 2008, most of the company was sold in parts, with only insurance activities remaining.

The Benelux countries were Fortis' home base and its strength. Fortis' banking operations included network (retail), commercial, and merchant banking; its insurance products included life, health, and property/casualty lines. Products were sold through independent agents, brokers and financial planners, and through branches of Fortis Bank. It was listed on the Euronext Brussels, Euronext Amsterdam, and Luxembourg stock exchanges.

The company was broken up after having critical difficulty financing its part of a joint acquisition of ABN AMRO (as a member of a consortium which also included Royal Bank of Scotland Group and Banco Santander). After receiving a bailout from the Benelux governments, its Belgian banking operations were sold to BNP Paribas, while its insurance and banking subsidiaries in the Netherlands were nationalised by the Dutch government and renamed ABN AMRO.

Formerly: Fortis Insurance offers group accident and health insurance products nationwide.

Parent Company: Fortis Group

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Our data on Fortis Insurance Co was last reviewed, or updated, February 21, 2011

Revision History
02/21/2011 09:34 AM
02/21/2011 09:31 AM : Updated company logo