The Millennium bcp Fortis joint venture was launched in January 2005 and is the market
leader in life insurance in Portugal. In non-life, Millennium bcp Fortis has a
market share of over 30% through its bancassurance channels, where it also enjoys
the leading position in medical insurance.
Millennium bcp Fortis holds 100% control of the capital of the following companies
dedicated to bancassurance:
- Ocidental - Companhia Portuguesa de Seguros de Vida, S. A.;
- Ocidental - Companhia Portuguesa de Seguros, S. A.;
- Pensõesgere - Sociedade Gestora de Fundos de Pensões, S. A.;
- Companhia Portuguesa de Seguros de Saúde, S. A. - Médis.
The Fortis Group owns 51% of the capital and the controlling share of Millennium
bcp Fortis.