Acquisition
11 Oktober 2007 - 11:28AM
UK Regulatory
RNS Number:5354F
Benfield Group Limited
11 October 2007
11 October 2007
Benfield Agrees to Acquire the Businesses of Beaufort International Insurance
Inc. and Beaufort Insurance Services Inc.
Benfield Group Limited ("Benfield"), the world's leading independent reinsurance
and risk intermediary, today announced it has entered into an agreement to
acquire the businesses of Beaufort International Insurance Inc. (BIII) and
Beaufort Insurance Services Inc. (BISI) from Beaufort Group.
Based in Calgary, Canada, BIII and BISI specialise in providing direct and
wholesale insurance broking services to the oil and gas exploration and oil
sands industries in Western Canada.
As at 31 December 2006, the gross assets of BIII and BISI were #12,500.
-ENDS-
Contacts:
Analysts & Investors
Julianne Jessup Benfield +44 (0) 20 7578 7425
Rob Bailhache Financial Dynamics +44 (0) 20 7269 7200
Media
David Bogg Benfield +44 (0) 20 7522 4016
Peter Rigby Haggie Financial +44 (0) 20 7417 8989
Benfield is the world's leading independent reinsurance and risk intermediary.
Its customers include many of the world's major insurance and reinsurance
companies as well as government entities and global corporations. Benfield
operates from more than 40 locations worldwide. The company is listed on the
London Stock Exchange under the ticker symbol BFD. www.benfieldgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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