Fortis CEO rejects possible sale rumours after European bank deal
Fortis Insurance's chief executive has moved to quell fears over the future position of the insurer,...
Fortis Insurance's chief executive has moved to quell fears over the future position of the insurer, following a deal to partially nationalise Fortis Bank.
Barry Smith denied the UK insurance arm would be affected, after the Fortis Group said it had earmarked certain banking and insurance businesses for sale. He assured brokers it was business as usual: "We are a strong and profitable business. We have capital here and are domiciled in the UK, so we are still open for business and keen to trade."
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