|Industry||Reinsurance and risk|
|Key people||Michael O'Halleran, Executive Chairman
Eric Andersen, CEO
Benfield Group was a leading independent reinsurance and risk intermediary. Customers included most of the world's major insurance and reinsurance companies as well as government entities and global corporations. A former constituent of the FTSE 250 Index, the company has been a division of Aon Corporation since November 2008.
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 E.W. Blanch – to form The Benfield Group. The Company was first listed on the London Stock Exchange in 2003.
Through the subsidiary, Benfield Corporate Risk, Benfield also catered for the complex risk management and transfer needs of corporate entities in selected industries.
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