Insurance Post

Benfield shares hit after results dip

Shares in reinsurance broker Benfield fell over 10% to 305p after posting pre-tax profits of £53m for the year end 31 December 2006 compared to £53.8m in 2005.

Benfield failed to meet analysts expectations and was hit be senior departures from its facultative solutions team. Benfield admitted in October its profits would be £10m below the "level previously

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