The sale of 14.4m Benfield shares has earned its directors and staff £38m, said reports.
The reinsurance broker's head of US operations Rod Fox cashed in 2.2m shares raising £5.9m, reducing his stake in the company from 3.43%to 2.51%. It was his second stock sale since the company was floated last year.
Benfield chairman John Coldman and finance director John Whiter sold 5.32m shares, raising £14.1m.
The company's chief executive Graham Chilton did not sell any of his 9% stake worth £58m but General Electris sold its 6.7% holding, worth £43m.
Benfield employees and former employees raised almost £24m by selling off 9m shares.
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.
