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Fortis to Acquire American Bankers Insurance Group for USD $2.6 billion
BRUSSELS/UTRECHT/MIAMI, March 8, 1999 -- Fortis, the international insurance, banking and investment group, and American Bankers Insurance Group, Inc., one of the two leading U.S. credit-related insurers, today announced that they have entered into a definitive agreement for Fortis to acquire 100 percent of the outstanding common and preferred shares of American Bankers Insurance Group, Inc.Full story -
Henjo Hielkema and J. Kerry Clayton have joined the Board of Directors of Fortis, Inc., the holding company of Fortis' US activities, effective March
Allen R. Freedman, Chief Executive Officer of Fortis, Inc. and Chairman of the Fortis, Inc. Board of Directors stated, 'I'm pleased that Henjo and Kerry, both long-term contributors to the Fortis organization have joined the U.S. Board. Their talents and depth of experience will further diversify what is an already strong Board of Directors.'Full story
