Ageas announced on 10 March 2010 that the Dutch Authority for the Financial
Markets (AFM) had levied a fine on ageas NV/SA and ageas N.V. (amounting to EUR
576,000) regarding what the AFM deemed to be insufficient disclosures by Fortis
in June 2008.
Ageas disputed this decision but has learned today that the decision of the AFM
has been upheld by the Rotterdam District Court.
Ageas regrets this judgment and will file an appeal against the decision with
the competent court in the Netherlands.
Ageas is an international insurance company with a heritage spanning more than
180 years. Ranked among the top 20 insurance companies in Europe, Ageas has
chosen to concentrate its business activities in Europe and Asia, which together
make up the largest share of the global insurance market. These are grouped
around four segments: Belgium, United Kingdom, Continental Europe and Asia and
served through a combination of wholly owned subsidiaries and partnerships with
strong financial institutions and key distributors around the world. Ageas
operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal,
China, Malaysia, India and Thailand and has subsidiaries in France, Germany,
Hong Kong and UK. It is the market leader in Belgium for individual life and
employee benefits, as well as a leading non-life player, through AG Insurance,
and in the UK, it has a strong presence as the second largest player in private
car insurance and the over 50's market. It employs more than 13,000 people and
has annual inflows of almost EUR 18 billion.
Press contact
+32 (0)2 557 57 37
Investor Relations
Brussels
+32 (0)2 557 57 33
Utrecht
+31 (0)30 252 53 05
Ageas
Rue du Marquis 1 - 1000 Brussels - Belgium
Archimedeslaan 6 - 3584 BA Utrecht - The Netherlands
www.ageas.com
Pdf version of the press release:
http://hugin.info/134212/R/1512980/448693.pdf
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Source: Ageas via Thomson Reuters ONE
[HUG#1512980]
