Benfield, the reinsurance broker,is set to launch its long-awaited flotation.

Listing documents were expected to start arriving with potential investors today and pricing is set for 9 June.

The ...

Benfield, the reinsurance broker,is set to launch its long-awaited flotation.

Listing documents were expected to start arriving with potential investors today and pricing is set for 9 June.

The float is likely to be the year's biggest in London, with a group value of at least £650m.

The group has come a long way since its foundation in 1973 as Benfield, Lovick & Rees & Co.

Its rising fortunes accelerated with the 1988 management buy-out led by the Chelsea FC director, the late Matthew Harding, John Coldman and current chief executive Grahame Chilton.