The Franco-Belgian group DEXIA (net profit in 1999 of 761 million euro) has made a double acquisition. The largest, for a total of $2.6 bn, concerns the American insurance firm FSA - FINANCIAL SECURITY ASSURANCE. This American municipal bond insurer and leading US asset-backed securities, or securitisation of banking or corporate assets company, registered gross premiums of $363 million in 1999. The other concerns the private French banking group LABOUCHERE in the Netherlands, for which DEXIA paid the Dutch insurance group AEGON 896 million euro. LABOUCHERE, which recorded a net result of 85 million euro in 1999 has five branches in the Netherlands and employs a staff of 700.