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Fortis rescued by governments of Belgium, Luxembourg and the Netherlands

Fortis insurance

Fortis, the bank and insurer, became the latest victim of the financial crisis this weekend, prompting the governments of Belgium, Luxembourg and the Netherlands to invest a total EUR 11.2 billion in the respective Fortis bank institutions in each country.

 

For Fortis UK it is business as usual for the UK insurance arm.

 

Fortis is a keystone of Dutch and Belgian financial scene. It is the largest consumer bank in Belgium and Luxembourg and one of the largest lenders. It owns several insurers in Europe.

Life insurance: News update: September 2008