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Press Release

Ageas announces next step in Fortis settlement procedure: public hearing

On 16 March 2018, the Amsterdam Court of Appeal will organise a public hearing as part of the procedure to declare the amended Fortis settlement agreement of 12 December 2017 binding.

On 12 December 2017, Ageas and the claimants' organisations, Deminor, Stichting FortisEffect, Stichting Investor Claims Against Fortis (SICAF), and Dutch shareholder Association VEB (the "Parties") submitted an amended settlement proposal with respect to all civil proceedings related to the former Fortis group for the events in 2007 and 2008, to the Amsterdam Court of Appeal, with the request to declare the settlement binding in accordance with the Dutch Act on Collective Settlement of Mass Claims (Wet Collectieve Afwikkeling Massaschade, "WCAM").

The Amsterdam Court of Appeal has now fixed 16 March 2018 as the date for a public hearing as part of the WCAM procedure to declare the amended Fortis settlement agreement of 12 December 2017 binding.

A convocation for the hearing of 16 March 2018 will be published on the website www.FORsettlement.com.

Following this public hearing the Court will decide on whether the settlement is binding. This decision is expected by mid-2018.

More information about the settlement and action to be taken by potential beneficiaries can be found on the website FORsettlement.com. Documents relating to the case will also be available on the Court's website:  www.rechtspraak.nl/uitspraken-en-nieuws/bekende-rechtszaken.

Questions can be submitted via the dedicated mailbox: [email protected]  or via toll free call centre phone numbers:

  • Belgium: 0800 26 83 2

  • The Netherlands: +31 30 25 25 359

  • International: +32 (0)2 557 59 00

Ageas is a listed international insurance Group with a heritage spanning 190 years. It offers Retail and Business customers Life and Non-Life products that meet their specific needs, not just for today but also for tomorrow. Ageas, one of the largest insurance companies in Europe, is mainly active in Europe and Asia, which together make up the majority of the global insurance market. Through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors, Ageas operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines. In most of the countries where it operates, Ageas is among the market leaders. Ageas has more than 40,000 employees, and inflows amounted to around EUR 32 billion (all figures at 100%) in 2016.

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