Amlin, Netherlands Fined €2.2M Over Fortis Deal

Law360, New York (May 4, 2010, 1:09 PM EDT) -- The Netherlands Competition Authority has slapped British insurance company Amlin PLC and the Dutch government with a combined €2.15 million ($2.8 million) in fines for failing to promptly notify it of Amlin's takeover of a Fortis NV insurance unit that the Netherlands acquired after the former banking giant crumbled in 2008.

The regulator is demanding €1.37 million from Amlin and €782,000 from the Netherlands for violating the concentration rules of the Dutch Competition Act, the authority said Monday.

Amlin bought Fortis Corporate Insurance NV from the...
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