Amlin To Buy Dutch Fortis Insurance Unit For €350M

Law360, New York (June 3, 2009, 12:00 AM EDT) -- London-based insurer Amlin PLC announced Wednesday that it would acquire Fortis Corporate Insurance NV from the Netherlands, which took control of the company last year, for €350 million ($495 million).

Amlin, which currently specializes in commercial insurance and reinsurance, said the acquisition would diversify its portfolio, making it a leading seller of marine, liability and commercial property insurance in the Netherlands and Belgium. The company said it hoped to continue expanding in these markets, and in continental Europe more broadly.

“This acquisition represents a step-change in...
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