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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]
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.
Fortis Inc. is a St. John's, Newfoundland and Labrador-based international diversified electric utility holding company. It operates in Canada , the United States , Central America , and the Caribbean .
ITC Midwest LLC has transmission systems in portions of Iowa, Minnesota, Illinois and Missouri. This subsidiary was created on December 20, 2007 with ITC's acquisition of Interstate Power and Light Company's transmission system. [4] ITC Midwest owns and operates 6,600 circuit miles of transmission lines with 262 stations and substations. [8]
AG Real Estate (former Fortis Real Estate) is a wholly owned subsidiary of AG Insurance and the largest real estate group in Belgium, headquartered in Brussels.AG Real Estate has a portfolio under management of over €6 billion that incorporates office buildings, shopping malls, logistics properties, residential properties and shares in real estate investment funds, both listed and unlisted.
It is a subsidiary of Fortis. W. B. Foshay Co., a predecessor of Citizens Communications, acquired Southern Arizona Power of Nogales and Desert Power and Water of Kingman in 1927. [1] [2] In 2003, UniSource Energy (later UNS) acquired Citizen's Arizona gas and electric operations in 2003 and renamed them UniSource Energy Services. [3]
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.
In 2004, he co-founded the Fortis Property Group with his son and Jonathan Landau, a modern Orthodox Jewish attorney from Cleveland, Ohio. [5] Within two years, the company acquired over $3 billion in properties, primarily Class A office buildings in Dallas , Boston , and Norfolk, Connecticut . [ 5 ]