Refer to the input text as context and select the correct relationship between 'Ageas' and 'insurance' from the available options.
Options: location of formation, distributed by, product/material produced, distribution format

Under the chairmanship of Jozef De Mey, Ageas evolved towards a self-confident and profitable insurance group, leaving all the Fortis legacies behind, while further development – developing its presence in Europe and Asia.
product/material produced