Everyone enjoys are good lunch, but it seems Benfield brokers maybe enjoying one too many.
The reinsurance broking giant posted a drop in its 2005 profits last week, partly as a result of increased "operating expenses".
A closer look at its results, revealed an £18m travel and entertaining bill for the year, up 22% on 2004.
The broker explained the increase on its "hiring programme" for the year.
Backchat expects the profits of Benfield's local steak and claret houses to be looking pretty rosy.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
