Fortis, the Belgian Dutch banking insurance and financial services group, is set to acquire Holland’s ASR Verzekeringsgroep, one of the country’s largest insurers, through a public cash and stock offering.
ASR shareholders will receive three Fortis shares for each ASR share and approximately €3.70 ($3.22 ) in cash.
The new group, to be known as AMEV Stad Rotterdam, would become the largest insurer in the Dutch market. ASR had premium income of approximately € 2 billion ($1.75 billion) in 1999.
Topics Mergers & Acquisitions Carriers
Was this article valuable?
Here are more articles you may enjoy.
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 
AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns 
How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites 
Fisherman Killed by 12-Foot Alligator at Central Florida Lake 
