AMSTERDAM - In the latest European move toward banking-insurance integration, the Dutch-Belgian financial services group Fortis has signed a definitive agreement for an insurance joint venture in Spain with that country's largest savings bank, La Caixa.

Fortis, the holding company for the Dutch insurance and banking group Amev NV and Belgian insurer Groupe AG, said the new joint venture will control 80% of La Caixa's VidaCaixa's life insurance unit and its SegurCaixa nonlife unit.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.