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Ageas Snapshot
ageas SA/NV (known as Ageas) is forging ahead towards what it hopes will be a new age of insurance. The company, formerly named Fortis SA/NV, provides life, health, and property/casualty insurance in Belgium and other European and Asian countries. Laid low by high debt and the contraction of credit markets in 2008, the firm received a hefty bailout from the Benelux governments. The company then sold its Dutch operating units to the Netherlands government and its remaining bank operations to BNP Paribas. ageas SA/NV and its sister company, Dutch-traded ageas N.V., have identical operations and are together known simply as Ageas.
