Today Ageas announces that it has reached an out-of-court settlement with the seven parties who opted out in the Fortis settlement to settle the case that was initiated in the Netherlands in July 2009.
At the appeal hearing that took place before the Court of Arnhem on 3 February 2020, the Court decided to suspend the case until 3 March 2020 to allow the parties to come to an amicable settlement. This period was later extended to 31 March 2020.
Ageas now reached an amicable settlement with the plaintiffs and will pay them, next to an amount in line with the WCAM agreement, a compensation for the costs and damages related to the legal proceedings. The proceedings will hence be terminated by all parties with immediate effect.