Analyze the relationship between 'Ageas' and 'insurance' within the context of the input sentence.
Options: location of formation, product/material produced, distribution format, distributed by

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