Benfield reveals financial impact of Lloyd's central fund settlement
Benfield has put the financial impact of today's settlement reached with Lloyd's in the New Central Fund dispute, at £8m. The broker stated that the figure will be accounted for as an exceptional item.
Benfield chief executive Grahame Chilton, said: 'We are pleased to have brought an end to this matter and we look forward to continuing our excellent working relationship with Lloyd's.'
“We are pleased to have brought an end to this matter and we look forward to continuing our excellent working relationship with Lloyd's
Benfield chief executive Grahame Chilton
Lloyd's and Benfield have agreed that the terms of the settlement will remain confidential.
