BFD Benfield Group

RNS Number:1280E
Benfield Group Limited
15 October 2004



15 October 2004






            STATEMENT REGARDING NEW YORK ATTORNEY GENERAL COMPLAINT

                            AGAINST MARSH & MCLENNAN


Benfield Group Limited ("Benfield" or "the Group"), the reinsurance
intermediary, commenting on the complaint filed by the New York Attorney General
against Marsh & McLennan yesterday, states:



Although Premium Service Agreements (PSAs) are understood to have been common in
the insurance market, as a reinsurance intermediary, it has been and remains
Benfield policy not to engage in such practices.



Benfield has acquired businesses where a limited number of PSAs existed and took
appropriate action to close these down in line with Group policy of full
transparency and advocacy for its customers.



Benfield is not subject to a formal investigation by the New York Attorney
General.  Benfield's US subsidiary, Benfield Inc., has in the last few days
received a subpoena requiring it to provide assistance to the New York Attorney
General to gather information for the current enquiry into certain broking
practices including PSAs.



Benfield will assist the investigation by New York's Attorney General pursuant
to this subpoena and supports actions that result in greater market transparency
for customers.





For further information, please contact:


Investors & Analysts
John Whiter                         Benfield              +44 (0)20 7578 7009
Julianne Jessup                     Benfield              +44 (0)20 7578 7425
Robert Bailhache                    Financial Dynamics    +44 (0)20 7269 7200

Media
David Bogg                          Benfield              +44 (0)20 7578 7000
David Haggie/Peter Rigby            Haggie Financial      +44 (0)20 7417 8989




Note to Editors:



Benfield is the world's leading independent reinsurance intermediary and risk
advisory business.  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 30 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
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