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Fortis, formally Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels.
On February 21, 2012, CH Energy Group (a holding company for Central Hudson Gas & Electric, an upstate New York utility), announced a pending acquisition by Fortis valued at $1.5 billion. [9] On June 27, 2013, Fortis Inc. closed on its acquisition of CHG. In 2013, Fortis announced its acquisition of UNS Energy, an Arizona utility company. [10]
BNP Paribas Fortis is a 25% shareholder of Batopin (Belgian ATM Optimisation Initiative), a Belgian company that was established jointly by BNP Paribas Fortis, KBC, Belfius and ING Belgium on 10 March 2020. The company manages an ATM park for the four participating banks under the neutral brand name Bancontact CASH, independent of the shareholders.
Fortis Insurance Belgium would be reintegrated in Fortis Holding. [24] On 11 February, Fortis' shareholders decided that Fortis Bank Belgium and Fortis Insurance Belgium should not become the property of BNP Paribas. However, the acquisition was completed, and BNP Paribas took 75% shareholding and renamed the new subsidiary BNP Paribas Fortis.
Ageas is a Belgian multinational insurance company co-headquartered in Brussels.Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insurance activities remaining after the breakup and sale of the financial services group Fortis during the financial crisis of 2007-2010.
Central Hudson Gas & Electric Corporation was officially formed in 1925 after a merger of 80-plus independent electric and gas companies in the state of New York. [4] Later, CH Energy Group, Inc. was formed as a parent organization of Central Hudson Gas & Electric Corporation and a family of subsidiaries known as Central Hudson Enterprises Corporation (CHEC) in 2000. [4]
FortisBC Energy Inc. is a subsidiary of Fortis Inc., a Canadian, investor-owned corporation. 1952: Inland Natural Gas was incorporated to distribute natural gas throughout the interior of British Columbia. The company purchased St. John Oil and Gas, Peace River Transmission, Canadian Norther
The company, formerly known as Fortis, Inc., was spun off from Dutch and Belgian financial-services company Fortis Insurance N.V. in 2004. The company's initial public offering on Feb. 5, 2004 at $1.76 billion was the fourth largest that year. In connection with the public offering, the company changed its name to Assurant, Inc. [4] [5]