...The financial strength of Fortis Corporate Insurance N.V. (FCI) reflects its strategic importance to Fortis Insurance N.V. (Long\##Term IDR: AA\## ), and its solid financial profile, consistent strategic orientation and good profitability. These strengths are partly offset by its limited geographical diversification. FCI, domiciled in the Netherlands, is the Fortis group s dedicated entity for the underwriting of insurance commercial lines in the Benelux region. In #### FCI generated EUR###m of gross written premiums. It is indirectly ###% owned by Fortis Insurance through Fortis Insurance International. FCI s strategic importance to Fortis Insurance N.V. reflects its full ownership, existing business and IT synergies, and the common brand name. In addition, Fortis Insurance demonstrated support in #### through a capital injection, which materially strengthened FCI s c apital base, and in ####, when FCI did not pay a dividend....
|