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Re Brokers Benfield Group, Towers Perrin Re Unveil Strategies

International Editor


Two reinsurance brokers are following new strategic paths, following recent announcements that Benfield Group Limited is planning an initial public offering, while Towers Perrin has acquired Denis M. Clayton & Co. Limited.

Benfield is planning a public listing on the London Stock Exchange in the first half of 2003 in order to raise more capital to create additional financial flexibility, Grahame Chilton, chief executive officer of Benfield Group, told National Underwriter.

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