RNS Number:3096U
Benfield Group Limited
16 January 2004



                       BENFIELD ACQUIRES AIRS RE PTY LTD



16 January 2004, London, UK.  Benfield Group Ltd, the world's leading
independent reinsurance intermediary, has today announced that its wholly owned
subsidiary Benfield (Australia) Pty Limited, has acquired the entire issued
share capital of Airs Re Pty Ltd ("Airs Re"), the Australian based reinsurance
broker.



The consideration payable is up to AUS$ 800,000.



David Spiller, CEO of Benfield's International operations commented; "We believe
that the Airs Re portfolio of customers represents an attractive addition to
Benfield's business base in Australia, and will enable us to continue to grow
our business in the region. The acquisition of Airs Re is in line with our
intention to make strategic acquisitions which complement our core operations."




                                                                /ends...



For further information, please contact:



David Bogg (Media)        +44 (0) 20 7578 4016 david.bogg@benfieldgroup.com

Alison Burgess (Media)    +44 (0) 20 7578 7047 alison.burgess@benfieldgroup.com

Julianne Jessup (Analysts/Investors)+44 (0) 20 7578 7425 julianne.jessup@benfieldgroup.com







Benfield is the world's leading independent reinsurance intermediary and risk
advisory business.  Its customers include most of the world's major insurance
and reinsurance companies as well as Government entities and global
corporations.  Benfield employs over 1,700 people based in 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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