BNET Industries
Last Fiscal Year Sales:$672.8M
- Public
- UK
Dow Jones Description
Reinsurance & Risk Intermediary Services
Number of Employees 1,992
Peer Companies
NAICS Code Direct Life Insurance Carriers: 524113
Recent Events
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Recession Does Not Stop Brokerage Market Consolidation
News & Analysis
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benfield group plc. - All News and Analysis
Southern Cross's share price will soon be heading north
- 2007-12-11
THE INVESTMENT COLUMN Edited by Cliff Feltham Our view: Buy Current price: 580p (-13p) Most of us know - if only because we are likely to have an ailing family member in care - that an ageing population is placing huge...
Updates; Benfield Group opens South Korean office.(World)(Broker Benfield Group Ltd)
- 2006-01-02
Broker Benfield Group Ltd. has opened an office in Seoul, South Korea. Benfield Korea Ltd. has been licensed by the Financial Supervisory Service of Korea, London-based Benfield said in a statement. Choi Chiwan, formerly a senior executive at Korean Reinsurance Co., has been named president of...
Down, but not out: brokers say property reinsurance pricing continues to soften.(Reinsurance/Capital Markets)
- 2005-03-01
Key Points * Reinsurers are seeing a shift in focus in property coverage from pricing to negotiations over terms and conditions. * U.S. market competition will continue to feed primary insurers' demands for security guarantees from reinsurers. * Pricing...
As reinsurance recoverables percentage drop, concern is on the back burner ... temporarily.(Recoverables Revised)
- 2005-02-07
THE NUMBERS SUGGEST THAT reinsurance recoverables are less of an issue for ceding insurers these days, but market dynamics could change that in a heartbeat, experts warn. Concerns about the ability of primary insurers to collect on promises made by their reinsurance partners were...
Reinsurance broker plays rating agency.(Reinsurance)
- 2004-02-16
Christopher Klein, who was a rating agency analyst at Fitch before he joined Benfield Group in 1998, is very aware of the limitations of letter grades assigned to reinsurance companies. He's also quick to point out the value of opinions delivered by rating agencies....
Sunday Business, London, Stock Market Column.
- 2003-06-15
By Sylvia Pfeifer, Sunday Business, London Knight Ridder/Tribune Business News Jun. 15--Reinsurance broking is not usually a sector known to gets investors' pulses racing but Friday's initial public offering of reinsurance broker Benfield Group was enough to capture the interest of...
Sondex to be first company to float on LSE in 2003.
- 2003-06-06
Byline: Shanny Basar Sondex, a UK company that provides technology for the oil and gas industry, is set to beat Benfield Group, the global reinsurance broker, to become the first trading company to list on the main market of London Stock Exchange LSE since...
Benfield sets up Bermuda office. (Securitizations).(Benfield Group )(Brief Article)
- 2003-03-17
Benfield Group recently set up an office in Bermuda to take advantage of growing business opportunities there. "A lot of our customers place reinsurance here and we just felt it was important to give our customers that sort of extra access to the market...
Benfield plans to list on LSE
- 2002-11-29
BENFIELD GROUP, the London-based independent reinsurance broker, yesterday announced plans to brave turbulent markets and list on the London Stock Exchange, ending months of speculation over the company's future. Earlier this year, the group was understood to have rejected an offer from the rival broker Marsh &...
Benfield Group quashes rumors about takeover by Marsh & McLennan.(Brief Article)
- 2002-08-19
Responding to recent press speculation that Marsh & McLennan Companies was considering a bid for Benfield Group plc, Benfield announced last week that it is not in discussions with "any third party at the current time in relation to a possible offer for the company. ...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Grahame Chilton | CEO |
| John Whiter | CFO |
| Daniel V Malloy | Executive Vice President |
| Paul Budde | Executive Vice President |
| David Spiller | Managing Director |
| Lisa Strasser | Manager, Marketing |
| Jesper Groenvold | |
| Steve Goldberg | |
| Scott Davis | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Francis Maude | Deputy Chairman |
| John Coldman | Chairman |
| Andrew Fisher | Board of Directors |
| Andrew MacDonald | Board of Directors |
| Dominic Christian | Board of Directors |
| Francis Mause | Board of Directors |
| Frank Wilkinson | Board of Directors |
| Keith Harris | Board of Directors |
| Paul Karon | Board of Directors |
| Paul Roy | Board of Directors |
| Robert Bredahl | Board of Directors |
| Rod Fox | Board of Directors |
| William Riker | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | CEO | Current |
| Benfield Group plc | Chief Executive | Former |
| Benfield Group plc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | CFO | Current |
| Benfield Group plc | Board of Directors | Current |
Dan Malloy is currently Executive Vice President of the Benfield Group in New York City. Previously, he was President & CEO of Stockton Reinsurance Ltd., Bermuda, a finite re-insurer with $700 million of capital and an alternative investment strategy. Dan previously held the positions of Vice President and President of Centre Re Ltd., Bermuda. He then became Chief Underwriting Officer of the Centre Re Division of Zurich Re North America. Dan graduated Magna Cum Laude, from Dartmouth College. Married with one child, he is actively involved in Big Brothers and Big Sisters, and is a member of the Board of the Bermuda National Gallery.
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Executive Vice President | Current |
| The Newcomen Society | Board of Directors | Current |
| Dartmouth College | Former |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Managing Director | Current |
| Benfield Group plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Manager, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Paragon Corporation | Chief Executive Officer | Current |
| Benfield Group plc | Current | |
| Paragon Strategic Solutions Inc | Executive Chairman | Current |
| GE Insurance Solutions | Chief Investment Officer | Former |
| GE Insurance Solutions | Executive Vice President | Former |
| Benfield | Former | |
| Harvard Corporation | Former | |
| General Electric Capital Corporation | Former | |
| Copenhagen Business School | B.S. Degree | Former |
| Copenhagen Business School | Degree In Finance | Former |
| INSEAD | Former |
Prior to joining the Benfield Group in January 2002, Mr. Goldberg spent his entire career at USAA in San Antonio. In his most recent three years he served as Senior Vice President of P&C Underwriting and Pricing. His responsibilities included management of USAA's actuarial and underwriting staff as well as the company's catastrophe financial management. For nine year prior to his position as head of Underwriting and Pricing he was Senior Vice President Chief Actuary. Mr. Goldberg led USAA's pioneering efforts to acquire reinsurance capacity through direct access to the capital markets. This catastrophe bond securitization, known as Residential Reinsurance, has been placed annually since 1997. The Residential Reinsurance transaction was published as a case study at the Harvard Business School, where Mr. Goldberg participated as a guest lecturer to help present the case. Mr. Goldberg graduated from the State University of New York at Stony Brook and holds an M.B.A. from Temple University. He is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries and a Chartered Property and Casualty Underwriter. He received the CPCU National Standard Setter Award in August 2001. Mr. Goldberg served as a member of the Board of Directors of the Casualty Actuarial Society, the Wharton School Managing Catastrophe Risks Project and the Highway Loss Data Institute. He continues to reside in San Antonio while traveling extensively to support a wide array of Benfield Group clients.
| Organization | Position | Status |
|---|---|---|
| The Actuarial Foundation | Senior Vice President | Current |
| Casualty Actuarial Society | Fellow | Current |
| Benfield | Current | |
| Benfield Group plc | Current | |
| American Academy of Actuaries | Board of Directors | Current |
| The Actuarial Foundation | Board of Directors | Current |
| American Academy of Actuaries | Member | Current |
| Wharton Graduate School of the University of Pennsylvania | Member | Current |
| Casualty Actuarial Society | Fellow | Current |
| Harvard Business School | Guest Lecturer | Former |
| United Services Automobile Association | Former | |
| Casualty Actuarial Society | Member of the Board of Directors | Former |
| Temple University | M.B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Deputy Chairman | Current |
| Morgan Stanley | Managing Director | Former |
| Salomon Brothers | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Roodlane Medical Ltd | Chairman and Non- Executive Director | Current |
| Benfield Group plc | Chairman | Current |
| Benfield Group plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
| The Carlyle Group Inc. | senior advisor | Former |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
| University of East Anglia | honours degree in History | Former |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
| Benfield Group plc | Deputy Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
| Apax Partners Ltd. | Managing Director | Former |
| Organization | Position | Status |
|---|---|---|
| Benfield Blanch Inc. | CEO | Current |
| Benfield Group plc | Board of Directors | Current |
| Benfield Blanch Inc. | President | Former |
| University of Pennsylvania | Former | |
| University of St. Thomas | bachelor's degree | Former |
| Organization | Position | Status |
|---|---|---|
| Newsmith Capital Partners Llp | Founder | Current |
| Jeremy Noseda | Keen Racehorse Owner | Current |
| Cenkos Securities Plc | Non-Executive Director and Chairman of the Remuneration Committee | Current |
| British Horseracing Authority Limited | Non-Executive Chairman | Current |
| Newsmith Capital Partners Llp | Chairman, Newsmith Financial Products | Current |
| Benfield Group plc | Board of Directors | Current |
| Merrill Lynch & Co., Inc. | Co-President of Global Markets and Investment Banking | Former |
| Global Markets LLC | Co-President | Former |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Benfield Group plc | Board of Directors | Current |
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