- Benfield Group
Infobox Company
company_name = Benfield Group plc
company_
company_type = Public (lse|BFD)
foundation =1973
location =London , UK
key_people = John Coldman, Chairman
Grahame Chilton,CEO
industry =Reinsurance andrisk
products =
revenue = £339.2 million (2007 )
operating_income = £56.5 million (2007 )
net_income = £36.8 million (2007 )
num_employees =
parent =
subsid =
homepage = [http://www.benfieldgroup.com www.benfieldgroup.com]
footnotes =Benfield Group (lse|BFD) is a leading independent
reinsurance andrisk intermediary. Customers include most of the world's major insurance and reinsurance companies as well as government entities and global corporations. It is a constituent of theFTSE 250 Index .History
The Company was founded in 1973 as a Lloyd's broker trading as "Benfield, Lovick and Rees & Company".
Matthew Harding , John Coldman and Grahame Chilton led a management buy out of the business in 1988 and changed the name to "The Benfield Group".In 1995 the Company acquired Ellinger Heath Western, another Lloyd's broker, so creating "Benfield Ellinger". In 1997 the Company merged with Greig Fester to form the "Benfield Greig Group". In 2001 the Company merged again - this time with with EW Blanch - to form "The Benfield Group". The Company was first listed on the
London Stock Exchange in 2003.On
22 August 2008,Chicago basedAon Corporation announced that it will acquire Benfield Group. The acquiring price will be US$1.75 Billion or £935 Million, with US$170 Million of debt. [ [http://www.marketwatch.com/news/story/aon-acquire-benfield-group-limited/story.aspx?guid=%7B43DA6D9F-F631-43E3-A354-F3B91C21E0A9%7D&dist=hppr Aon to Acquire Benfield Group Limited] ]Operations
The Company is based in
London and incorporated inBermuda : it has an international network of more than 50 offices in theUS , the UK,Continental Europe ,Bermuda andAsia .Through the subsidiary, Benfield Corporate Risk, Benfield also caters for the complex risk management and transfer needs of corporate entities in selected industries.
References
External links
* [http://www.benfieldgroup.com/ Official website]
Wikimedia Foundation. 2010.
