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IDBI Fortis Life Insurance opens First branch in Delhi

/India PRwire/ - As a part of their aggressive 100-branch plan, IDBI Fortis opened their branch in Delhi Today. The branch is located at Pitampura, one of the fastest growing commercial centers in Delhi. The company launched operations in March this year, leading with their innovative concept ‘Wealthsurance’. IDBI Fortis Life Insurance is a recently launched joint-venture of IDBI, India’s premier...

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MTF platforms set to proliferate

Up to three more alternative European equities platforms are in the pipeline in addition to the previously announced ventures such as Turquoise, BATS Trading and Equiduct, according to Fortis, the Belgo-Dutch bank

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Self-canonisation meme

As it is holiday time, I will do a meme for which I have been tagged by Mulier Fortis "If you should pass from our presence, what picture of you shall we use for your saint's card, should you be so elevated, and of what do you want to be patron?" Well the santino would have to have this photo of me sitting in the Buckingham Arms and reading the Remnant : And I would like to be the patron saint of visiting...

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Angry Fortis investors demand reforms after ABN takeover

The £55bn top-of-the-market takeover of Dutch bank ABN Amro continued to weigh on financial group Fortis as angry investors called for reforms and control over rewards for directors.

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Fortis names new head of merchant banking for Asia Pacific

Fortis has appointed Paul Schuilwerve as the new senior managing director and head of merchant banking for Asia Pacific. He will report to Luc Henrard, CEO of Asia Pacific, and Frans Lanschot, CEO of asset-based finance.

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RBS, Santander, Fortis to sell ABN private-equity unit

LONDON (MarketWatch) -- Banco Santander SA (STD), Royal Bank of Scotland Group PLC (RBS) and Dutch-Belgian financial services company Fortis NV (30086.AE) have agreed to sell the vast majority of ABN Amro's private equity business to a consortium led by Goldman Sachs (GS), a person familiar with the situation said Tuesday.

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ABN Amro Owners Unload Private Equity Assets

Belgian-Dutch financial group Fortis said on Monday that together with Royal Bank of Scotland and Spain’s Santander, it had sold a number of ABN Amro private equity assets to a consortium led by Goldman Sachs. “The assets sold were in companies located in Scandinavia, Britain and the Netherlands,” a Fortis spokeswoman confirmed to Reuters, declining to [...]

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Fortis sell ABN private equity assets

BRUSSELS (Reuters) - Belgian-Dutch financial group Fortis said on Monday that together with Royal Bank of Scotland and Spain's Santander, it had sold a number of ABN AMRO private equity assets to a consortium led by Goldman Sachs .

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Trio Offloads More Of ABN Amro

RBS, Fortis, and Santander lose on their investment as they sell the bank's private equity interests to Goldman Sachs.

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An Alternative Magisterium... And Another "Exclusive" From The Mulier Fortis!

I mentioned before that Damian Thompson was sitting next to me at the High Mass I attended at Merton College, Oxford. I spoke to him briefly to say how much I enjoyed reading his blog, but forbore to mention that I had a blog of my own: I'm extremely small fry in comparison with the Editor-in-Chief of the Catholic Herald and author of Holy Smoke , one of the Daily Telegraph 's blogs. I have, however,...

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Fortis Says Ping An Deal Is On Track

Fortis, the Belgian-Dutch financial services company, on Thursday said it expected to receive Chinese approval for the sale of half its asset management business to Ping An Insurance later this year, rebutting speculation about a delay. Fortisp agreed to the 2.15 billion euro deal with the Chinese insurer last April as part of efforts to bolster [...]

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Fortis Inc.: Fortis Reports Second Quarter Earnings of $29 Million

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR (MARKET WIRE) Fortis Inc. ("Fortis" or the "Corporation") (TSX: FTS) recorded second quarter net earnings applicable to common shares of $29 million, or $0.19 per common share, compared to earnings of $41 million, or $0.31 per common share, for the second quarter of 2007. Year-to-date earnings applicable to common shares were $120 million, or $0.77 per common share,...

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Fortis sells entire 4.1 million share stake of Assurant

LONDON (MarketWatch) -- Fortis has sold its entire 4.1 million share stake in Assurant , a spokeswoman said. Fortis sold the remaining shares to institutional investors, and it received $58.90 per share for the stock being sold, the spokeswoman said. Assurant, a provider of insurance services, said late Thursday that it had bought 1 million of its shares back from Fortis for $59 each. Market Pulse...

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Beijing nod for sale of Fortis unit delayed

(AMSTERDAM) Fortis, the Belgian-Dutch financial group which is trying to boost its solvency, said that Chinese authorities had delayed approval of the sale of half of its asset management arm to China's Ping An Insurance .

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Assurant Purchases 1 Million Shares of Company's Common Stock From Fortis

NEW YORK, Aug. 7 /PRNewswire-FirstCall/ -- Assurant, Inc. ("Assurant") (NYSE: ), a premier provider of specialized insurance and insurance-related products and services, today announced that it has purchased 1 million of its common shares from Fortis Insurance N.V. at a price, including transaction fees, of $59.00 per share for a total of $59.0 million. The $59.00 per share price compares to the Company's...