Amlin is pulling the corporate insurance business of Fortis from the limbo of Dutch-government ownership after the Lloyd’s of London insurer bought it for €350m (£303m). Amlin said the acquisition would give it a better foothold in continental Europe. The FTSE100 company is funding the deal mostly from cash reserves, but on Tuesday also raised £76.4m through the placing of 23.5m new shares – about 5% of its total share capital – at 325p. Amlin shares closed 2½p up at 341½p.